Is BRRRR dead in NJ?

[Brian Caulfield]

I have been looking to BRRRR in NJ. It seems like prices are so high, even distressed properties do not have enough room to make the strategy work. Im looking mainly on the MLS, is this the issue? How are people finding deals?

Looking for general advice, and any input on people still doing BRRR

[Austin Steed]

Quote from @Brian Caulfield:

I have been looking to BRRRR in NJ. It seems like prices are so high, even distressed properties do not have enough room to make the strategy work. Im looking mainly on the MLS, is this the issue? How are people finding deals?

Looking for general advice, and any input on people still doing BRRR

BRRR will never be dead anywhere. It's just an investment strategy that helps a ton on keeping money out of your deals. I've done 6 BRRR's in Columbus OH from single families to 11 unit buildings.

The problem with BRRR's now is that if you can keep all your money out of the deal your debt service might eat up most or all of the cashflow on the property. I personally like to keep each property close to or positive in the green. I know some investors that want to keep all of their money out of a deal and are okay with having a slight negative cash flow on properties, however. Just depends on your goals.