BRRR Question
What's the best metric on a BRRR? BMV or ROI? I got a property in Midlands, 3 bed terrace that looks like a death dungeon, I'd say it needs full refurb and about £25k. Vendor wants £75k for it and GDV is about £90k and should achieve around £900pcm. I've worked out if I offer £58k then I'll get a 27% ROI but BMV is only 11%
Total money left in is £24500 but cashflow is £544 pcm, is this a good deal
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5 comments
Chris Johnstone
3
BRRR Question
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