Looking for a consultant to start working with the BRRRR method

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Looking for a consultant to start working with the BRRRR method

Alex Komaromi
Member since 2024 · 4 posts · 1 vote

Hi everyone,

My business partner and I have extensive experience in real estate—I'm involved in acquiring and selling opportunities, while my partner flips houses in Spain. We're currently based in Uruguay but are considering launching a real estate business in the US, specifically using the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat).

We're seeking a consultant with expertise in the BRRRR strategy to help us understand the critical variables and thresholds involved, such as:

  • Buying price versus market value
  • Purchase price plus rehab costs compared to After Repair Value (ARV)
  • Mortgage payments relative to rental income
  • Ideal down payment percentages
  • Other essential metrics for successful BRRRR investments

Our goal is to build a model to project growth and cash flow over time. For example, if we start with three properties, we want to estimate what our portfolio could look like in five years.

If you have experience with the BRRRR method and can provide valuable insights, we'd love to connect with you!

Thank you!

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River SavaPro Member
Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
2y

Hi Alex,

I’m glad to connect and share some useful information as you get started. As Connor suggested, building a team is a key first step. Have you considered aspects like locations, property types, and timelines? Feel free to DM me if you’d like to discuss this further.

Also, take a look at this article—it could be a valuable resource for you: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

[email protected]
1Reply
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  • Micki McNie
    Real Estate Broker · Boulder, CO · Member since 2022 · 12 posts · 3 votes
    2y

    Do you have any target areas? I may have some contacts for you depending on location. Interested in hearing about your Spain biz as well. 

    0Reply
  • Connor Hibbs
    Lender · Ellington, CT · Member since 2024 · 210 posts · 103 votes
    2y

    Hi @Alex Komaromi,

    I think the best way for you to go about this would be to put together a team. Once you narrow down a market that you'd like to get into then you should look to find a good Real Estate Agent to help you find good off market deals and other investing opportunities in the area as well as help to put tenants in your properties, a brokerage or lender to work with for the financing aspect (you may be better with a broker in this case as they can shop for the best loans for you as a Foreign National), and a local property manage to take care of the properties as you transfer to the refinance/ repeat aspect of the BRRRR strategy. Putting together a relationship with these three aspects will help you find properties, fund your projects, and ensure that the properties are maintained.

    0Reply
  • River SavaPro Member
    Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Hi Alex,

    I’m glad to connect and share some useful information as you get started. As Connor suggested, building a team is a key first step. Have you considered aspects like locations, property types, and timelines? Feel free to DM me if you’d like to discuss this further.

    Also, take a look at this article—it could be a valuable resource for you: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

    [email protected]
    1Reply
  • Alex Komaromi
    OP
    Member since 2024 · 4 posts · 1 vote
    2y
    Quote from @Micki McNie:

    Do you have any target areas? I may have some contacts for you depending on location. Interested in hearing about your Spain biz as well. 


     No specific target area so far. Open to whatever might be the most convenient location in all ways.

    Of course if you want I can get you in touch with my partner as well if you want to know more about the Spanish market.

    0Reply
  • Alex Komaromi
    OP
    Member since 2024 · 4 posts · 1 vote
    2y
    Quote from @Connor Hibbs:

    Hi @Alex Komaromi,

    I think the best way for you to go about this would be to put together a team. Once you narrow down a market that you'd like to get into then you should look to find a good Real Estate Agent to help you find good off market deals and other investing opportunities in the area as well as help to put tenants in your properties, a brokerage or lender to work with for the financing aspect (you may be better with a broker in this case as they can shop for the best loans for you as a Foreign National), and a local property manage to take care of the properties as you transfer to the refinance/ repeat aspect of the BRRRR strategy. Putting together a relationship with these three aspects will help you find properties, fund your projects, and ensure that the properties are maintained.



    Hi Connor,

    Thank you for your thoughtful response! I realize that I might not have been entirely clear in my original message. Before we move forward with assembling a team and taking action, our primary goal is to thoroughly understand all the key variables involved in the BRRRR strategy.

    Specifically, we’re looking to:

    1. Assess and analyze all the relevant variables of the business.
    2. Build a model on paper that allows us to project potential outcomes and understand the financial aspects of this strategy.

    Once we have a solid grasp of these factors on paper, we’ll be in a better position to decide if we want to move forward!

    Thanks again for your insights—I hope this clarifies our current focus.


    0Reply
  • Alex Komaromi
    OP
    Member since 2024 · 4 posts · 1 vote
    2y
    Quote from @River Sava:

    Hi Alex,

    I’m glad to connect and share some useful information as you get started. As Connor suggested, building a team is a key first step. Have you considered aspects like locations, property types, and timelines? Feel free to DM me if you’d like to discuss this further.

    Also, take a look at this article—it could be a valuable resource for you: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...



    Hi River,

    Thank you for the suggestion! As I mentioned to Connor, we’re currently in the planning phase, focusing on understanding the business fundamentals on paper before deciding whether to move part of our capital to the U.S. and start working there.

    I appreciate your insights and look forward to potentially discussing this further as we refine our plans!


    0Reply
  • Connor Hibbs
    Lender · Ellington, CT · Member since 2024 · 210 posts · 103 votes
    2y
    Quote from @Alex Komaromi:
    Quote from @Connor Hibbs:

    Hi @Alex Komaromi,

    I think the best way for you to go about this would be to put together a team. Once you narrow down a market that you'd like to get into then you should look to find a good Real Estate Agent to help you find good off market deals and other investing opportunities in the area as well as help to put tenants in your properties, a brokerage or lender to work with for the financing aspect (you may be better with a broker in this case as they can shop for the best loans for you as a Foreign National), and a local property manage to take care of the properties as you transfer to the refinance/ repeat aspect of the BRRRR strategy. Putting together a relationship with these three aspects will help you find properties, fund your projects, and ensure that the properties are maintained.



    Hi Connor,

    Thank you for your thoughtful response! I realize that I might not have been entirely clear in my original message. Before we move forward with assembling a team and taking action, our primary goal is to thoroughly understand all the key variables involved in the BRRRR strategy.

    Specifically, we’re looking to:

    1. Assess and analyze all the relevant variables of the business.
    2. Build a model on paper that allows us to project potential outcomes and understand the financial aspects of this strategy.

    Once we have a solid grasp of these factors on paper, we’ll be in a better position to decide if we want to move forward!

    Thanks again for your insights—I hope this clarifies our current focus.



     Be sure to keep in mind how long the project will take to complete when putting together your numbers and always include a contingency into your rehab budget. This contingency will protect your margins should the cost of materials go up, the project take longer (extra labor costs and extra monthly interest payments), or if there is originally unseen rehab to be done (mold, new plumbing/ electric).

    0Reply
  • John Mason
    Member since 2024 · 1k+ posts · 351 votes
    1y

    Welcome to Bigger Pockets ! You have come to the right place to begin your investing journey.

    Have you looked into attending local meetings and joining Facebook groups?

    0Reply
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