BRRRR ("fix and rent") in Lincoln area

2 Replies

I'm curious if BRRRR ("fix & rent") works in the Lincoln metro area. Essentially, the ability to have your purchase price + rehab costs less than 70% of the ARV, so after you rehab you can find tenants & then refinance to get all of your cash back. I'm sure there must be some areas / neighborhoods where this works? Of course, the other requirement is that the rental income is enough to cover your mortgage + expenses on the back-end. So this tends to work best in middle class neighborhoods.

Are there any licensed real estate brokers / agents who can help me find such properties? Not interested in Turnkey btw - I'd rather buy pre-renovation (not post-renovation) to capture the equity myself.

I'm curious about Lincoln as well. I see a lot of inexpensive small multifamily there. 

I would be cautious of the inexpensive multi family's in certain areas.

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here