anyone spend 7800 for Nate Barger BRRRR program and was it worth it?

Question

Any feed back is welcome

Chris Seveney · Answer

Have not taken the course but BRRR is basically dead right now due to interest rate environment - so if you take it I am not sure you can implement any training you learn at this time.

Justin Loveland · Answer

Keith, hope all is well. I can give you an example of why the BRRR method is very challenging in this environment.

4 unit property bought in distress (2 units not paying rent) for $206k, ARV in the $325k range

3 months and $35k later we have 2 units rehabbed out of the 4, and 3 total units now rented, 4th will be rented within the next few weeks.

Total Gross Rents: $3,140

Appraisal just came in at $235k, now we are attempting to challenge this appraisal to get it higher, but you can see the issue. Like Nicholas stated, you will need free capital when things don't go as planned,I will need to bring funds ($70k+ in this instance) to the table to get myself out of the initial hard money loan. The market will not get you or I out of this type of situation.

Keith Wilson · Answer

Coffeyville, Kansas just trying to grow have 3 doors now that i paid cash for but out of big$$$ so will need loans

Nicholas L. · Answer

@Keith Wilson

what are you trying to accomplish

where are you located

how many properties do you own

do you have lots of cash

anyone spend 7800 for Nate Barger BRRRR program and was it worth it?

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