BRRRR strategy for new builds?

[Andre Williams]

Hi Everyone,

so I have a  property I am looking to get under contract possibly

The house is a fixer-upper And looking to buy it for around $130k

I had a contractor walk through the property with me and he threw out the suggestion of tearing down the property and building either two homes or 2 to 4 townhomes on the property because the lot size is big enough to do that

My Original plan was to just renovate the existing house and use the BRRRR strategy to refinance it,

so my question here is will the BRRRR strategy be applicable if I were to tear down the property and build new houses or town homes?

Not sure if this is even possible to do but if it is I’d like to try it, any help would be appreciated 

thanks!