I'm hearing that a lot of people are using the BRRR process, I'm new to this process and I'm wondering how your getting financed for so many properties? I have great credit and 15,000 to get started, what's the best approach?
@Robert Pilson getting financing from banks is not that challenging. You can generally go up to 10 loans on residential deals up to 4 units. Above 4 units you enter commercial financing, which I have personally found to be almost easier than residential. The whole concept revolves around buying properties for less than their intrinsic value. This allows you to sell them for a profit or refinance them to pull equity out to re-invest in other deals. The concept has been around long before bigger pockets, and is called value add investing.