How uncomfortable did your first BRRRR make you?

[Jonathan Cope]

Our family began investing in real estate in 2000. We’ve been fortunate to treat the investing as a side hustle throughout that time.

We own units in A neighborhoods primarily. As a result we’ve benefitted from appreciation resulting from increasing primary residence demand in limited NY metro area submarkets. We will continue to acquire incremental units occasionally.

The prospect of recycling capital through the BRRRR method to acquire workforce SFRs also seems appealing. However, to make the math pencil out conservatively the state of target houses is quite rough.

How ugly was your first BRRRR property?