Updated over 9 years ago on . Most recent reply
BRRRR Strategy
Hi everyone. I have come across some information about the BRRRR strategy. The problem is, I live in a low cash-flow area (near Portland, Oregon). I have cash but want to end up with good cash flow in the end, which won't happen here very easily. Does anyone have experience working with anyone in good cash flow areas, or can recommend anyone who has helped with getting all the up-front cash back out at refinance time? Thanks!
Most Popular Reply
Steve, 50% of my renters get section 8 (government assist program). I understand some people don't like section but I love it. One time, a tenant left my place like a dumpster, I reported it to section 8 and section 8 put their voucher on hold until I get money for my damages. I was able to recoup the expense cost from them with in a short amount of time. If it was a different tenant, paying out of pocket, I would have not get more money other than the security deposit. I see it as a plus in many ways. Rent is always on time. Yearly inspection is done by section 8. All in all, not bad.