Updated about 10 years ago on . Most recent reply

BRRR - Willing to sacrifice?
My first home I purchased in 2010 as a foreclosure. I renovated and had my roommates move-in with me. A few years later I decided to refi and was able to take a significant amount of equity. My first BRRR without realizing!
I have been looking for property for almost a year now for either multifamily or another BRER. I've been struggling but recently I started to ask myself:
Am I willing to take less margins if it meant doing a BRRR and creating enough sweat equity to get all my capital back?
Anybody with experience?
Most Popular Reply

I'll take all the cash I can get. Like @Tim Lindstrom, I'm in acquisition mode. My goal is to fully cash out of every property I buy (plus more if possible!) while making sure the property still cash flows $200+ after total expenses (no property management factored in that).
I should mention that I'm managing the property myself. This is a cash-saving measure (I have more time than money), but its also a skill-building decision. I am eager to get some experience in both rehabbing and property management.