Updated almost 7 years ago on . Most recent reply
- Accountant
- Los Angeles, CA
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BRRRR....top of the market
Do you guys think doing BRRRR right now during the peak of the market is a bad idea? What if the market crashes before you are able to refinance (with all that cash tied up in a property)?
- Jason Malabute
Most Popular Reply
- Real Estate Broker
- 3412 S. Harlem Avenue Riverside, IL 60546
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@Jason Malabute if you are cash flowing, you are technically getting your cash back. One of the biggest misconceptions here on BP is that it is always possible for any new investor to BRRR and get every dime back through a refinance. You have to get a crazy, crazy deal to pull this off, and it drives people to lower income/higher risk areas to get cheap properties.
BRRR is just one of the tools in your tool belt. If you have cash flow and reserves, you can weather a storm for a few years.