What's the most profitable BRRRR strategy in the Southwest? High-risk, high-reward deals abound, but what are the numbbers? Purchase, rehab, refi appraisal, and capital left in?
I've seen some BRRRR deals in the Southwest that look enticing, but I always advise to approach with caution. The key is understanding the local market trends and not overestimating the apprisal value. For instance, in the Lexington, Kentucky market, I've noticed that appraisals can be inconsistent, especially with rehabbed properties. When calculating the numbers, it's crucial to consider the actual appraisal value and the amount of capital left in the deal aftr refinance. I'd love to see some real-life examples of BRRRR deals in the Southwest, including the purchase price, rehab cosst, refi appraisal, and the amount of capital that actually came out. What kind of numbers are we talking about? What's the average ROI for these high-risk, high-reward deals?