Making BRRRR truly work in 2024
For those focused on the BRRRR strategy, I'd love to hear about how you're adapting to current market conditions. With rising interest rates and fluctuating property values, what strategies are you using to find deals that still meet the numbers for this model?
Are you having more success sourcing off-market properties, or do you focus on distressed opportunities through agents or wholesalers? Additionally, how are you navigating the refinance stage, with lenders tightening up are you still Able to generate your desired profit by refi? or have you found various creative solutions to secure favorable terms?
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#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Hey David -
Networking with investor friendly agents can be a game changer for sourcing deals, especially when it comes to distressed properties and/or pocket listings. Building relationships with wholesalers and staying active in local REI groups has also helped investors I know find opportunities that still pencil out.
On the refi side, DSCR loans have been a solid option, especially for staying cash flow positive. They're less restrictive since they don't rely on personal income or DTI, making them a great fit for BRRRR. Check out this BP article about how they come into play with the BRRRR method. Also, happy to connect with you!
https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...