BRRRR Strategy vs. Buying a Home 70% Off without Major Rehab
What is the difference in using the BRRRR Strategy vs. getting a deal on a home 70% off? The major difference I can tell is that it sounds like you have to purchase BRRRR properties with all cash, then refinance once the property is stabilized. That being said, is it still just as good of a deal if you buy a home that is worth $100K for $70K and putting $14K as a down payment and don't intend on rehabbing it to much ($5-10K roughly), or refinancing it? Cash flow wouldn't be that great on the home we are looking at as it's just above the 1% but curious to know the difference. Thanks!