BRRR Strategy - Introduction

[Luke Miller]

Hi everyone!

My business partner and I are looking for our next deal, and are planning to execute the BRRR strategy for the first time. We are targeting small multifamily (2-4 units, although we are not afraid to go bigger) in mid-size cities in the midwest. Specific areas of uncertainty include navigating the financing, both hard money and the permanent financing upon refinancing, what to look for in a deal, and managing the construction process. Would love to chat about strategy and potential pitfalls.

I would love to connect with others who have successfully executed the brrr strategy on similar property types and hear your experience. Please feel free to send me a PM if you'd want to connect. I am happy to jump on a call and get to know other motivated investors, lenders, and contractors in this space!

Thanks in advance,
Luke

[Samuel Diouf]

Hey Luke, 

BRRRRs are great for scaling! I would make sure that you identify the exact market you'd like to invest in and then focus on building a very solid team. Having a good team on the ground will be the foundation of a successful BRRRR.

Once you find good contractors, keep them busy!