Finally Have First BRRRR on the market

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Finally Have First BRRRR on the market

Anthoney Hanks
Real Estate Broker · Forney, TX · Member since 2019 · 1k+ posts · 399 votes

I finally got my first BRRRR project. Because I did a lot the work myself it has taken longer than expected. Lots of lessons learned. But finally able to say I reach a milestone.

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  • Jennifer Ryan
    Flipper/Rehabber · Arlington, TX · Member since 2014 · 78 posts · 58 votes
    6y
    Originally posted by @Anthoney Hanks:

    I finally got my first BRRRR project. Because I did a lot the work myself it has taken longer than expected. Lots of lessons learned. But finally able to say I reach a milestone.

    Excellent Anthoney! 

    All projects; even the ones that took "too" long are learning opportunities. Be proud.

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  • Shaun Sperry
    Investor · San Jose, CA · Member since 2020 · 5 posts · 2 votes
    6y

    Congratulations Anthoney Hanks! Everyone has to start somewhere, hopefully I will be right on your heels with my first BRRRR this year.

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  • Luke Ski
    Columbia, MD · Member since 2018 · 27 posts · 169 votes
    6y

    2020 is definitely not a year to try BRRRR anything. I hate to say it but i think a lot of people that preach BRRRR and leverage their rentals to the brim will lose their pants during these crises. Now is time to sit on your hands and stay cash rich, and not to buy overpriced real estate which in a few short moments will be worth wayyyyy less. BRRRR is never a good idea and those in deep debt will regret it shortly. Sorry to be the negative news deliveryman

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  • Rolando Frias
    dallas, TX · Member since 2019 · 17 posts · 1 vote
    6y

    Good luck with your property Anthony!

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  • Anthoney Hanks
    OP
    Real Estate Broker · Forney, TX · Member since 2019 · 1k+ posts · 399 votes
    6y

    @Jennifer Ryan Thank you for your kind words. I really appreciate that.

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  • Anthoney Hanks
    OP
    Real Estate Broker · Forney, TX · Member since 2019 · 1k+ posts · 399 votes
    6y

    @Shaun Sperry Thank you. BRRRRs are fun!!

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  • Anthoney Hanks
    OP
    Real Estate Broker · Forney, TX · Member since 2019 · 1k+ posts · 399 votes
    6y

    @Luke Ski Thank you for your thoughts. Negative or not, they are valid points. I do deep soul searching on my choices. I did find a rent for it, so that is good. I do appreciate you input.

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  • Anthoney Hanks
    OP
    Real Estate Broker · Forney, TX · Member since 2019 · 1k+ posts · 399 votes
    6y

    @Rolando Frias Thank you

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  • Jane Wish
    New York City, NY · Member since 2019 · 20 posts · 12 votes
    6y

    Congratulations, Anthoney! That's amazing. Great job and hopefully many more to come!

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