I have blueprints ready and approved by the city to build 16 2br 2ba and 12 3br 3ba all condo style.

Hi @Brandie DeNelle, congratulations on getting started and I love your game plan. 3 properties in 5 years is totally achievable using the house hacking strategy and BRRRR's to accelerate the growth.

Excited to work hard and achieve a lot in 2023

Any investor who does not at least expect a doubling of value, compared to the value add cost, is underselling their efforts.BTW I have done quite a few BRRRR and so far in every one, I have achieved a value increase of at least double the value add cost.

I just had an offer accepted on a second property for $50k that really only needs lipstick to achieve optimal rents.

We have a rental mini subdivision going up too - but the rents are 1700-2100 - 2/2 and 3/2 townhome style houses.

Basically the existing rent on the 2 tenant-occupied properties covers the debt service for all 3, giving me a chance to do any work on the 3rd property needed to achieve maximum rent with an annual lease.What was the outcome?

Basically the existing rent on the 2 tenant-occupied properties covers the debt service for all 3, giving me a chance to do any work on the 3rd property needed to achieve maximum rent with an annual lease.

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

To remodel an average 3 bedroom, 2 bathroom, 1700 square foot 1950s ranch style home around here costs me about $150,000.