I am new to Real Estate and plan to use the BRRRR strategy to purchase my first property.

Purchase price: $175,000 Cash invested: $43,750 Under market purchase.

Purchase price: $300,000 Cash invested: $20,000 Sale price: $465,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Jenner Cir, Modesto, CA.

Hi everyone,I recently purchased my first property, a duplex in Cleveland, OH.  

Purchase price: $32,000 Cash invested: $68,000 Sale price: $96,500 REO purchase, rehab and flip all cash. +$28k ROI What made you interested in investing in this type of deal?

But even if the numbers looked good going in and a black swan event happened, it would take a lot to lower the value of the house below your purchase price if you are doing value-add renovations.

Quote from @Michael Potorti: What are some strong areas to purchase property in Cleveland area?

I (Dillon Duffy) have been working on a building for a few weeks now and listening to Bigger Pockets podcast and videos on YouTube and trying to self learn how to navigate through this exciting but stressful project.I purchased my current home in May 2021 for 156k.

Stop looking at purchase numbers.

The market has corrected, and unfortunately, this means that the value of your investment has taken a hit.The main issue is that these properties were purchased at a high basis, meaning you bought when prices were inflated.