Updated about 5 years ago on . Most recent reply
The venerability of BRRRR method...
COVID made traditional financing and refinancing difficult - many banks now no longer do cashout refi for an investment property that are multi-family, many require much larger equity to be left in the property (25-30%)
Now with the eviction ban, it will make the method even harder, especially those new investors who only have class C/D properties and don't have a lot of equity nor cash flow to support their operation yet.
Your thoughts?