BRRRR? How is it working for you?

[Courtney James]

Hi, All! 

Who here is operating under the BRRRR strategy and how has your overall experience been with it so far?

I am listening to the BP podcast right now and it sounds interesting. 

Pros? Cons? Success Stories? 

Thanks & Happy Investing!

Courtney 

[Kenneth Garrett]

@Courtney James

I agree with @Nicholas Lohr I've been at it a few years as well. 23 units both SFH and up to 4 units. Works great need your team ready to go.

• First ability to analyze a deal
• Understand ARV and rehab
• Are you able to refinance - good or decent credit
• Are you set up to be a landlord or have a pm.  I self manage.

It’s a great system, just understand it requires work and have the ability to work out things that don’t go right.  Over run on rehab.  Appraisal comes in low.  I use private money to fund the acquisition.  If the appraisal comes in low, be able to fund the difference.  Protect your investors capital.