Difficulty Finding BRRRR deals

[Kalim Kalla]

Curious to touch on a subject that a lot of people bosses over BRRRR method. I find myself in a position when looking for BRRRR deals throughout the Atlanta market where rents are too low and ARV's are too high in addition to higher interest rates on refinance to find deals that are worth the cash flow if any. It feels like that entire segment of the market is gone. I presume you would have to look at more non conventional ways of renting such as Airbnb and more in order for the numbers to make any sense on a BRRRR type rental investment.

[Rick Baggenstoss]

The market has tightened over a couple of years, but BRRRs continue to happen. I think you have to think bigger and push yourself on the "Rehab" to get the BRRR method to work. Light, cosmetic rehabs aren't available. However, I still see lots of deals where adding a bath to a 3BR/1BA would greatly boost the value and rents.