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Updated almost 6 years ago on . Most recent reply

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CAN'T SEEM TO FIND THIS ANSWER ABOUT BRRRR RENTING! PLEASE help!

Nathan Fausnaugh
Posted

I really appreciate you taking a minute to read this and if you can help that would be amazing ! Like I said I'm new to investing in real estate within the last couple years and I just ran across this BRRRR idea and I think I'm in love.

I'm halfway through the book  which I very much find valuable  and I definitely understand  99% of it, or so I think I do at least , but the rent part is leaving me a bit confused.

It's possible that I have missed this explanation or potentially didn't make it to this part yet but how much do I rent the said house for? Is there a certain percentage that I need to shoot for in order for it to be a successful BRRRR?

I've heard Brandon and David talk about 12% Roi when renting but does that same number need to be achieved when brrrring?  Obviously it would be wonderful if I could get 12% after financing the property and getting my money back but I'm just looking for some info here.

I have a couple houses I just picked up cash for what I would consider a price that would make for a successful flip, No Doubt, but when I run the numbers with renting there's not a whole lot of money to be cash flowed each month after pulling out even 75% of the value. 

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