style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: "open sans", sans-serif; vertical-align: baseline; position: relative; overflow: hidden; color: rgb(52, 65, 77); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; height: 1288px;">BRRRR and a TIP OF THE DAY : )RUN YOUR NUMBERS!!!!

With the market being the way that it is (Early 2021) I offered $180,000 initially with a $1,500 earnest money attached.

I called a different process server and told him that the tenant is smoking in the unit (forgot to mention that in my initial post).

We thought of buying a place in Austin suburbs and renting it out initially and later on (5+ years) perhaps move and live in as well.

This drives me nuts when I would sit in these training sessions and received a lot of this.

There are a handful of things that will make an on-market wholesale difficult, including (but not limited to):- the fact that any sellers agent worth their salt won’t allow your “and/or assigns” language- you need to provide proof of funds with your offer to get the initial offer accepted - your timeframe between accepted offer and when your second deposit will be due is very short and gaining access to the property can be difficult

Also, I thought multfamilies were more expensive to build since you have that many more expensive rooms to fit out, e.g. kitchens and baths.I'm curious what else the community has to say.That's my initial take on it. 

Additionally, with the legislative session ending in a couple of days, unless something happens quickly in may be 2023 at the earliest.

The BRRRR method references getting money to buy the property initially either through cash or hard money, then rehabbing, renting, and refinancing. 

I initially engaged the sellers in October of 2020.