This fully renovated 4-bedroom, 3-bathroom home features high ceilings, modern finishes, and a downstairs bedroom for convenience.

Completely renovated main level:* Demoed and redid kitchen with new appliances* Refinished floors and reglazed bathroom* Replaced the roofComplete demoed and finished the basement and landscaping* Replaced half bath with full and added 2 bedrooms* Replaced entire plumbing including sewer line* Added second washer dryer* installed stamped concrete patio and walkway plus fence* All new landscapingWhat was the outcome?

Great posts.I’ll add a few: Not underwriting post renovation property taxes for BRRR’s.

Home was built in 1920, renovated by a flipper and on the market for 80 days.

Another solid move would be investing in a fix-and-flip project, capitalizing on short-term profit if you know the market and renovation process.

With most hard money lenders - you will need funds to start the renovations - since they work on a draw system.

You find the house completely trashed with missing appliances and cabinets, tenants were cooking meth, windows broken, etc. 6-8 months of unpaid rent, unpaid utilities, thousands to empty the abandoned property and trash, $50,000 to completely renovate the property and make it rentable again, plus all the time, energy, and stress along the way.I would actually argue this is pretty common and not even the worst-case scenario. 

Most gulf front investments are mostly appreciation plays unless you do a serious renovation.

I checked out ab968, looks like pre / foreclosures might be a good way to go if I can find them. thanks everyone for the responses, really great info. im actually starting to see more deals on properties in need of renovation so I’m hopeful I’ll be able to find some good flips when I’m ready to pull the trigger  

We tend to offer this to Owners to figure out the best route for them to proceed on development/building/renovating.