Five Things to Consider When Buying a Burr or Flip Property

Major expenses can make the difference between a profitable real estate investment and an unprofitable one. Even as an investor ing a rent ready rental property, you should always hire an independent property inspector to thoroughly confirm the condition of the property so that you can be aware of any specific impending major repair costs. The point of a burr is to re finance the property after it's been fixed up. If you won't have cash floe after you have tenants, you can flip it rather than hold it.