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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Kari Morales
Pro Member
  • Rental Property Investor
  • San Diego, CA
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Mobile Alabama investing

Kari Morales
Pro Member
  • Rental Property Investor
  • San Diego, CA
Posted Apr 22 2023, 05:48

Is anyone in the BP community investing in Mobile, AL? It looks like a good place to BRRRR, does anyone have any experiences or opinions they could share?

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Ben Scarborough
  • Realtor
  • Gulf Shores, AL
75
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153
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Ben Scarborough
  • Realtor
  • Gulf Shores, AL
Replied Apr 22 2023, 10:51

I live local to Mobile, and it certainly is a good place to use the BRRRR strategy in a normal market. However, when you are running your numbers, I would make sure you are using a higher interest rate for post refinance than whatever you get into the deal at due to fluctuating interest rates. Let me know if there is anything else I can help you out with!

-Ben Scarborough

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Alex Bekeza
Lender
  • Lender
  • Los Angeles, CA
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2,115
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Alex Bekeza
Lender
  • Lender
  • Los Angeles, CA
Replied Apr 23 2023, 23:15

@Kari Morales Mobile is a great BRRRR market. Great rent to price ratio, affordability, and need for affordable housing. My business partner also bought their 1st rental property there (a triple net leased bar) which has been a real gem.

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