How do you Brrrrrr a property?
Hello everyone. I'm excited to be here and to learn as much as I can from you guys/lady's.
Learning how to properly Brrr a property seems like a great asset to have in your back pocket as an investor. So that being said if anyone can explain how to properly Brrrrr or the necessisary steps to do so it would be much appreciated.
@Gilbert Lugo tons of info on BP regarding the BRRRR strategy. It's the only strategy I will use when planning to keep a property for a rental. Basic concept:
Buy below market, rehab to force increase in value, keep total cost of purchase and rehab under 75% ltv of after repair value, refinance all the original money out, repeat.