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First BRRR investment...

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Hi Guys!

I viewed a couple of potential properties the other day (first time) - on paper the numbers stacked up and looked really promising for one of the properties (leasehold flat), and having looked around the flat all seemed to align with my calculations. However, the communal areas were awful. 

I'd be really grateful if anyone could share their thoughts on how I might proceed - I'm really reluctant to pump money into the flat if the rest of the building isn't up to the same standard, as it will only ever have a maximum limit in terms of rent and re-sale value.

Thanks 😀

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  • 3 weeks later...

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