Is BRRR dead in 2024???

BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Is BRRR dead in 2024???

Luis Ramos
Member since 2018 · 28 posts · 23 votes

Nothing cash flows at interest rate of 8% and property taxes at 3% (in Texas). 

Although I did 12 BRRR deals, in my opinion it is dead in 2024!!!


Prove it otherwise, preferably with HUD statements.

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Dean HarrisBusiness Member
Real Estate Agent · Memphis, TN · Member since 2015 · 1k+ posts · 1k+ votes
2y

I BRRRR's 17 homes myself in 2023 in Memphis, TN. Not dead in Memphis.

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  • Timothy Hero
    Lender · United States · Member since 2020 · 1k+ posts · 499 votes
    2y

    No. I broker DSCR loans and I closed 105 in 2023. I'd say 40-50% of my business was BRRRR last year, and most were able to still get max LTV, even in the 8's.

    0Reply
  • Timothy Hero
    Lender · United States · Member since 2020 · 1k+ posts · 499 votes
    2y
    Quote from @Luis Ramos:

    Nothing cash flows at interest rate of 8% and property taxes at 3% (in Texas). 

    Although I did 12 BRRR deals, in my opinion it is dead in 2024!!!


    Prove it otherwise, preferably with HUD statements.

    Texas is harder, no doubt, but I did like 10 BRRR's last year in the 8's in Texas. Full LTV on the cash-out as well.

    0Reply
  • Patrick Galphin
    Realtor · Memphis, TN · Member since 2023 · 29 posts · 37 votes
    2y

    We are still going strong in Memphis. Personally have properties that are in the middle of a BRRRR with more to come.

    2Reply
  • Kingsley Addo
    Member since 2023 · 12 posts · 1 vote
    2y
    Quote from @Dean Harris:

    I BRRRR's 17 homes myself in 2023 in Memphis, TN. Not dead in Memphis.


     Lets connect

    0Reply
  • Kingsley Addo
    Member since 2023 · 12 posts · 1 vote
    2y
    Quote from @Robert Ellis:
    Quote from @Luis Ramos:

    Nothing cash flows at interest rate of 8% and property taxes at 3% (in Texas). 

    Although I did 12 BRRR deals, in my opinion it is dead in 2024!!!


    Prove it otherwise, preferably with HUD statements.


     new construction my friend. we build for investors and they have tons of equity and cash flow in columbus. look into other strategies 


     I messaged you. thank you!

    0Reply
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