Has Anyone BRRRR'ed in Phoenix AZ?
Hi Everyone. I'm new and very eager to start investing. I am very interested in the BRRRR strategy but it seems like refinancing in my area would ruin any deal because the new mortgage would ruin the cashflow in almost every neighborhood.
I'm sure people have done this, so I'd love to hear where you guys have succeeded.
I have been analyzing mostly 3/2 single family homes in the Phoenix metro areas.
I'm not worried about finding a deal, I am just worried about not being able to pull out my money and keep cashflowing.
Has anyone successfully done a BRRRR recently in the Phoenix area?
Am I just looking at the wrong product? should I be focusing on multifamily?
Thanks!