Trying a BRRRR in Austin

Member since 2026 · 1 post · 4 votes

HI,

I have a few turnkey rental properties and want to try a BRRRR now.

i am trying to find any local person who has done and guide me. The biggest question i have right is that how do i sources deals which make sense in this mortgage environment. Would like to understand as a newbie.

Thanks

Rishabh

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Juan Yepes

Lender · Miami, FL · Member since 2025 · 124 posts · 34 votes

3mo

Hi @Rishabh Agarwal,

Congrats on taking the next step in your investment journey. BRRRRs are one of the best ways to build wealth, in real estate and in general. Lenders view first time home buyers and first time investors as a higher risk. Having a portfolio of rental properties means you'll be able to tap into better terms.

As others have mentioned, success is based on sourcing the right deals. Be too optimistic about how much you'll need for rehab and what the after repair value will be, and you'll spend your funds and time possibly stuck with a property you can't refinance to take out your investment.

The three key professionals you need in your corner for BRRRRs are a realtor/wholesaler to help you find properties prime for rehab, a contractor that can give you accurate estimates of repairs, and a lender that can validate all the numbers and get your financing terms.

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Arman AhmedPro Member
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 929 votes
3mo
Quote from @Rishabh Agarwal:

HI,
I have a few turnkey rental properties and want to try a BRRRR now.
i am trying to find any local person who has done and guide me. The biggest question i have right is that how do i sources deals which make sense in this mortgage environment. Would like to understand as a newbie.
Thanks
Rishabh

BRRRR in today’s rate environment really comes down to sourcing, because if you don’t get the deal right on the front end, the refinance math won’t save it later. Most investors shift their focus to finding off-market or lightly marketed properties where there’s still enough spread between purchase, rehab, and after-repair value to make the numbers work. That usually means building relationships with wholesalers, agents who work investor deals, contractors, and lenders who understand BRRRR refinances. If your local Austin deals are tight, a lot of newer investors also compare Midwest markets, where entry prices are lower, and value-add spreads are still more realistic in today’s lending environment. The strategy still works, it just requires more disciplined buying and better deal flow than it did a few years ago.
[email protected]614-418-6081
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Vijay FriedmanBusiness Member
Miami, FL · Member since 2026 · 766 posts · 122 votes
3mo
Quote from @Rishabh Agarwal:

HI,
I have a few turnkey rental properties and want to try a BRRRR now.
i am trying to find any local person who has done and guide me. The biggest question i have right is that how do i sources deals which make sense in this mortgage environment. Would like to understand as a newbie.
Thanks
Rishabh

@Rishabh Agarwal
Since you already own rentals, you're starting from a good place. One thing that helped me was focusing on neighborhoods where the numbers still work after factoring in rehab, holding costs, and refinance proceeds—not just finding discounted properties. Are you mainly looking for cosmetic rehabs, or are you open to heavier renovation projects?
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Juan Yepes
Lender · Miami, FL · Member since 2025 · 124 posts · 34 votes
3mo
Hi @Rishabh Agarwal,
Congrats on taking the next step in your investment journey. BRRRRs are one of the best ways to build wealth, in real estate and in general. Lenders view first time home buyers and first time investors as a higher risk. Having a portfolio of rental properties means you'll be able to tap into better terms.
As others have mentioned, success is based on sourcing the right deals. Be too optimistic about how much you'll need for rehab and what the after repair value will be, and you'll spend your funds and time possibly stuck with a property you can't refinance to take out your investment.
The three key professionals you need in your corner for BRRRRs are a realtor/wholesaler to help you find properties prime for rehab, a contractor that can give you accurate estimates of repairs, and a lender that can validate all the numbers and get your financing terms.
2 Reply
Alex BekezaBusiness Member
Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
3mo
@Rishabh Agarwal Regarding the mortgage environment, I built a great tool to analyze the exit terms on a refinance and you can use it completely anonymously to size up your deals. With a just a few inputs like Value, Rent, Taxes, Insurance, and FICO you'll be able to get live rates/term/fees and play around with variables like LTV/FICO/prepay penalty/etc to see how it would affect the terms. Let me know if you have any questions about using it. You'll find a link below to our site which takes you straight to this tool.
[email protected]818-606-8823
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Joseph CacciapagliaBusiness Member
Lender · San Antonio, TX · Member since 2020 · 1k+ posts · 1k+ votes
2mo
BRRRR is a tough strategy to pull off in Austin, and Texas in general, right now. You want to make sure you have a great team, especially a great contractor. The biggest issue is that prices still seem to be falling right now, so your refinance appraisal will be very uncertain. A lot of my clients who were doing BRRRRs a few years ago have mostly moved on to other strategies. I don't mean to discourage you, but want to add a little realism. As many people mentioned, finding the right deal will be paramount. Keep in mind the agent who found the turnkey rental for you may not be the best one suited to find a rehab. The same goes for your other team members as well.
[email protected]979-218-2286
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Jimmy LieuBusiness Member
Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
2mo
Quote from @Rishabh Agarwal:

HI,
I have a few turnkey rental properties and want to try a BRRRR now.
i am trying to find any local person who has done and guide me. The biggest question i have right is that how do i sources deals which make sense in this mortgage environment. Would like to understand as a newbie.
Thanks
Rishabh
Welcome to BiggerPockets! The hardest part of BRRRR right now is buying with enough margin, so I'd spend more time learning how to analyze deals than trying to find lots of them. Run your numbers based on a realistic after-repair value, rehab budget, holding costs, and what the property will actually appraise for, not just what you hope it will. Many investors are finding deals through wholesalers, agents, direct mail, and networking, but most of what comes across your desk won't work, so expect to analyze a lot before buying one. If you're open to different markets, Columbus has been a great place for BRRRRs in my experience because there are still neighborhoods where you can find homes in the $120K-$180K range that rent well, and the combination of population growth, major employers, and landlord-friendly laws makes the numbers work better than in many markets. Happy to connect and answer any questions you have!
[email protected]614-300-7535
Jimmy Lieu, Red 1 Realty4.9120 Reviews
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Alfath AhmedBusiness Member
Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
2mo
Quote from @Rishabh Agarwal:

HI,
I have a few turnkey rental properties and want to try a BRRRR now.
i am trying to find any local person who has done and guide me. The biggest question i have right is that how do i sources deals which make sense in this mortgage environment. Would like to understand as a newbie.
Thanks
Rishabh

BRRRR deals are the way to grow if you really want to build wealth. I own 30+ rental units here in Columbus doing the method. TX is a good market just becareful or the rising property taxes.
Build a good core-4 team of realtor, contractor, property manager, and lender and you can grow from there with the right systems and workflow.

Buy deals at 75% ARV and make sure you build a good scope of work.

Your money will go a long way. Flip a couple for reserves and re-evaluate your portfolio every 6-7 years and dump the ones you don't like.

[email protected]614-802-5698
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Ravi KakuBusiness Member
Lender · Houston, TX · Member since 2025 · 43 posts · 22 votes
2mo
Welcome! I think the biggest key is exactly what you mentioned—buying at the right price. It's much easier to make a good deal work than to fix a bad one.

If you're just getting started with BRRRR, I'd personally focus on properties that need light to moderate cosmetic renovations rather than major structural work. Keeping your first few projects simpler helps reduce surprises while you learn the process.

In today's market, I'd also underwrite the deal based on today's numbers—not hoping rates come down or appreciation bails you out. Make sure the property still makes sense if you're holding it long term.

One thing I've noticed from working with investors is that many are viewing BRRRR a little differently now than they did a few years ago. Cash flow can still be achieved, but it's generally tighter, especially in markets like Houston where insurance and operating costs have increased. As a result, a lot of investors are focused on creating equity through a well-executed rehab (forced appreciation) while letting long-term appreciation and tenant-paid mortgage paydown build wealth over time.

As for sourcing deals, the investors I know are finding the best opportunities through a mix of wholesalers, investor-friendly Realtors, MLS listings that have sat longer than expected, estate sales, and networking with other local investors. The better your network, the more opportunities you'll see before they become widely available.
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Mohammed Rahman
Real Estate Broker · New York, NY · Member since 2020 · 2k+ posts · 1k+ votes
2mo
Hey Rishabh,
One thing I've realized is that you're probably never going to feel 100% ready. At some point, you have to trust your preparation and take the leap. If it's possible, consider partnering with someone on your first deal. They don't necessarily need years of experience. Having someone who's equally driven, willing to learn, and invested in making the project successful can make the process a lot less overwhelming and help spread the risk.

Early on, I'd make your goal less about finding the perfect BRRRR and more about getting reps in. Every deal teaches you something that no book, podcast, or YouTube video can. The experience you gain from your first project will make evaluating and executing the second one that much easier.

Wishing you the best with it. Hope you find a deal that makes sense, and don't be afraid to lean on your local network along the way. Feel free to shoot me a DM if you have any more questions!
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Wale LawalBusiness Member
Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
2mo
@Rishabh Agarwal
Getting the right BRRRR investment property is often the most difficult step to achieve. I would go off market, target lazy landlords, estate sales, and homes that can be upgraded cosmetically, then ensure that it is a conservative deal financially prior to purchase. It is better to wait for one good investment than force a BRRRR that just about makes sense.
Good luck!
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Jesus SuarezBusiness Member
Lender · TX, FL · Member since 2025 · 131 posts · 54 votes
2mo
Quote from @Rishabh Agarwal:

HI,
I have a few turnkey rental properties and want to try a BRRRR now.
i am trying to find any local person who has done and guide me. The biggest question i have right is that how do i sources deals which make sense in this mortgage environment. Would like to understand as a newbie.
Thanks
Rishabh

Congrats on making the jump to BRRRR! The key in this mortgage environment is working with an investor-friendly agent who knows how to find off-market deals and run realistic ARV numbers so you don't waste energy on bad leads.
I'm a lender and also an investor agent with eXp Realty (part of the Wolfpack group), and my biggest piece of advice for a newbie is to team up with an agent who actually invests themselves. They'll know how to spot the hidden margin you need to make a BRRRR work today!
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Jonathan Chan
Lender · Clermont, FL · Member since 2020 · 168 posts · 87 votes
2mo
When I started the BRRRR method, my best ally was a local real estate agent who was an investor himself. He helped me find properties that cash flowed, helped me with resources he uses on his own investments and helped me understand parts of investing I didn't know I didn't know.
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