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Real Estate Strategy Lab
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9 contributions to Real Estate Strategy Lab
6d •
What is everyone working on this week?
Checking in...who is working on a deal, made a connection, gotten funding? What are you working on this week to move forward? PS - In case you were keeping track don't think we hit our team goal of eating 16 lbs of food on Thanksgiving 😂
3 likes • 6d
Over the weekend, I said NO to two properties 💪Then on Monday, I found a PML who does 100% of purchase and rehab, which expands my buy box for BRRRRs at pretty much any price (as long as there’s a good enough spread)! So I found a quad that would be a killer padsplit in a B neighborhood (Ohio City). Once I get the numbers verified with the lender and proof of funds, hoping to put in an offer contingent on the walkthrough and estoppel agreements 🤞
27d •
🎉 First Deal Alert: Nasreen!
Did anyone see Nasreen’s post? She just locked up her first deal — a duplex in Richmond, VA! Let’s light this up for her. 👏 Drop a comment with: - 🎊 A congrats for Nasreen - ✅ One action you’ll take today because she proved it’s doable If you’re chasing your first/next deal, post your buy box below for a quick gut-check. Let’s go! 🚀
2 likes • 27d
Yay, Nasreen!
Nov 3 •
Considering putting in an offer on a BRRRR
@Tammy Richey I’m evaluating whether to move forward with 3281 W 99th St, Cleveland OH 44102 — it’s definitely a heavy rehab, but the numbers work on paper and I’m already very confident in my team’s ability to execute. The plan is to convert the duplex into a triplex, adding a finished attic unit and an extra bedroom on the second floor. It’s a big lift ($80K–$85K rehab scope), but it could push the ARV to around $300K and fully recycle my capital on the refi. We would put the offer in around $90K, and post-rehab, we project the rents would total $3100 conservatively. My question is: given the scope and complexity — structural work, new systems, permits for the attic unit, and full cosmetic upgrades — do you think this is a deal worth pursuing as my first deal? In other words, should I lean in and take on this heavier project since my team is/seems strong and the upside is real, or stay disciplined and hold out for a lighter rehab with more immediate cash flow? (Note: I figured out ways to bring in PM so I could do a flip simultaneously)
1 like • Nov 3
@Tyler Richey, appreciate that perspective! 🙏 @Tammy Richey Update: We're not moving forward on this deal - ARV isn't what we originally projected, so the spicy complexities don't make it worth it 🤪
2 likes • Nov 5
PLOT TWIST!!!! When I told my hard money lender "no" on the duplex-to-triplex BRRRR, he asked why I was considering this a complicated BRRRR instead of a easy flip... I had the GC walk it and give me a bid to keep it as a duplex with retail fixtures - and the margin is really good!! Ask: $87K, Rehab: $75k (with $5k contingency), and ARV $230K (conservatively) - I'm putting in my first offer today!!! You're right @Tammy Richey: the no got me to the yes!
Oct 29 •
Wednesday: Two Truths & a Blocker (fun edition) 🎉
Play this quick game in the comments for a little fun and a little help.... 1. Win: tiny counts (“sent 2 agent emails” absolutely qualifies) 2. Weird: one thing you learned or a hack you tried 3. Blocker: the exact snag stopping you (short + specific) Pick your lane so I can aim my reply:💸 money | 🔧 systems | 🏚 rehab | 🏠 deals | 📝 paperwork Keep it casual and I’ll keep my replies fast, friendly, and actionable. Who’s up first (after me)? 🚀
3 likes • Oct 29
1. Win: *almost* put my first offer in then learned that the property was already pending 🫠 still a win because I mentally I was ready to pull the trigger! 2. Weird: I learned that I probably shouldn't do a full rehab for my first flip... as much as I want to "go big or go home," solidifying my out-of-state team should be my first priority. 3. Blocker: getting my first flip under contract, meaning it's available for purchase ;), I have a contractor-confirmed rehab estimate, and verified hard money loan. My first deal is imminent - I can feel it! 💃
2 likes • Oct 30
@Tammy Richey "right on the doorstep" pun intended! 🤣 grateful for you!
Oct 24 •
BBS Follow up
Hey @Colleen Kamimura ask your BRRRR question here so I can answer and it can help everyone else too! 😁
1 like • Oct 29
@Tammy Richey Can you use these same estimates for finishes on a flip?
1 like • Oct 29
@Tammy Richey Amazing advice! Thank you!
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@saren-stiegel-1654
Building a portfolio of multifamily rentals | Passionate about neighborhoods & long-term value
Active 4d ago
Joined Oct 3, 2025
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