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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 11 months ago on . Most recent reply

User Stats

47
Posts
7
Votes
Blanca Munoz
7
Votes |
47
Posts

Single family home

Blanca Munoz
Posted

Hello, so I bought my first house and before I bought it, I didn't know about the BRRRR Method. I purchased the house for $145,000 and they were asking for $180,000. It appraised for $150,000. Renovations would cost around $30,000 but the only things I've done are Plumbing, foundation work, gas line, and new windows. All of this has cost me about $10,000. I paid in cash for all of this. My question is, since I already closed on the house, can I still do the BRRRR method? If so, how do I go about it. Should I do a HELOC to renovate the rest? I'm thinking of doing the BRRRR method but house hacking it since it's my first home. Is this possible? I just started watching a lot of videos on the BRRRR method and don't know what to do after doing those repairs. Can someone walk me through this? I would like to video chat or phone call.

Most Popular Reply

User Stats

154
Posts
94
Votes
Clint Jusino
  • Dallas
94
Votes |
154
Posts
Clint Jusino
  • Dallas
Replied

Hello @Blanca Munoz I'm part of a DFW Investors group on groupme I can invite you to. You can ask your question there and they maybe able to help. DM me when you have a moment so I can send you an invite.

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