Below is a detailed breakdown of the investment, costs, and outcomes:Location: Riverdale, GA, an area with potential for growth and increasing property values, making it an attractive target for real estate investments.Purchase Price: Acquired for $70,000, this property was identified as an underutilized asset with a high potential for value increase through targeted improvements.Renovation Costs: A total of $38,000 was invested in renovations.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Probably not a big deal unless you see potential for the water pool in the wrong areas over time. 

As a first-time property buyer, I'm taking a big leap into real estate investing and could really use your collective wisdom. I've got my eye on a property in Jacksonville, Florida, and I'm trying to gauge if it's a s...

I am currently reading BP books to learn everything that I can to become successful and look forward to all of the networking potential on this site.

Now, whether you may claim the full amount of depreciation depends on your status, but you can often recover a significant chunk of it.Step 4: Create an Investment GuideTo help potential investors navigate the investment process, I give a complete guide.

Prior to taking on more ambitious improvements, you might build confidence and expertise by starting with a turnkey home.In conclusion, even though BRRR ventures might yield large profits, you should consider the learning curve and any potential difficulties, particularly if this is your first purchase.

And, with only 10% needed down for the purchase of the property, and only 10% down needed for renovations, it seems that if we buy a property right, renovate it and add 10% in value, we could potentially refinance into a more conventional loan without having to bring additional cash to the table .

By scalable I mean there is a lot more potential as to how many properties you can buy with less amounts of money.

Very interested in real life cons to this approach to real estate investing.Thanks.Hi Pamela,Investing in a resort condo in vacation spots like Kissimmee or Orlando can be an appealing real estate venture due to the high tourist traffic and the potential for steady rental income.