Updated almost 5 years ago on . Most recent reply
How to properly analyze a potential BRRRR
Hey BP, anyone have any tips on how to accurately analyze a BRRRR? I will be using the BP calcs but want to understand everything going in and don't want to miss any info. Thanks in advance!
Most Popular Reply
@Austin Powell - break every step of the BRRRR method down one by one and it becomes a lot less stressful.
Buy a house that doesn't require a large renovation - cabinets, countertops, vanities, flooring, paint, popcorn, and hardware at most - rent to a well vetted, reliable tenant, confidentially refinance by getting a 'subject to' appraisal contingency on purchase to better secure targeted LTV.
Set a good tone on the first one, rinse, and repeat.
It takes a lot of time and energy to secure each step which is where missteps can happen.