Rehab Reality Check

A recent BRRRR method investment in Georgetown, KY, taught me a valuable lesson. Initially, the numbers looked promising: $120k purchase, $30k rehab, $1,200 holding cost, $180k ARV, and $20k projected net. However, a closer inspection revealed a costly foundation issue, adding $15k to the rehab budget. This close call reminded me to prioritize thorough property analysis, considering loal market trneds and potential surprises. The revised numbers still yielded a decent return, but the experience emphasized the importance of cautoin and diligence in real estate investing.