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Unfold ItThink. Unfold. Move.Unfold ItThink. Unfold. Move.I have $60,000 saved and want to buy my first real estate investment property. I've been studying the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and want to execute it on a duplex or small multi-family in my market. I need a plan to go from research to closed deal.
Plan for: Buy Your First Investment Property Using the BRRRR Method
Rehab costs exceed your budget, eating into your $60k reserves and ruining the BRRRR math.
Include a strict 15-20% contingency in your initial rehab budget. Never pay the GC upfront for work not yet completed.
The property appraises for less than expected during the refinance, trapping your cash in the deal.
Run very conservative ARV (After Repair Value) estimates during Step 4. Don't assume best-case scenarios for the refinance appraisal.
Discovering major structural or mechanical issues after purchase.
Never skip the professional inspection. Ensure your purchase contract has an inspection contingency allowing you to walk away.
Ready to make this plan yours?
