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Updated over 5 years ago on . Most recent reply

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Jeremy Quilon
  • Kapolei, HI
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15
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Buy and hold properties

Jeremy Quilon
  • Kapolei, HI
Posted

I want to implement the BRRRR strategy but where I live the 2% or let alone the 1% rule will not work. Any thoughts on buying and holding for few years to resale for appreciation?

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,618
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

Learn a different strategy, or find a different market. You can't put a round peg in a square hole...unless you shave off the roundness...which in the case of REI means you're shaving off your profits/cash flow.

You need to find a round hole (different market) , or a square peg (different strategy).

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