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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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William Pichardo
  • Bloomfield, NJ
10
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BRRR Strategy - 1st Time Buyer

William Pichardo
  • Bloomfield, NJ
Posted

Hi Everyone,

I've been saving up and now have over $150k in liquid funds. I'm looking to get into the BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy but want to build a strong team and could use some guidance. Any tips or advice would be greatly appreciated!

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66
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34
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Thomas Magill
  • Investor
  • Charlotte, NC
34
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66
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Thomas Magill
  • Investor
  • Charlotte, NC
Replied

William,

The best thing I did was drive around the area I was looking to invest and started talking with contractors. I exchanged information with them and would stop by their projects for the next month to see their progress. Speak to their references. Then, find 3-5 contractors to bid on your work, assuming you have a project to work on. This is exactly what I did and it worked out very well for me. 

  • Thomas Magill
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