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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Greg Lott
  • York, PA
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27
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What criteria do you give to your agent?

Greg Lott
  • York, PA
Posted Nov 18 2020, 05:04

I'm fine-tuning my criteria to optimize my deal funnel but need help creating GOOD criteria that yields results. My strategy is the BRRRR method, focusing on SFHs. I'm looking for SFH's that make great rentals (smaller, sub 1500 sq ft), are in bad shape, and have motivated sellers. While I could just send this info off to my agents, I'm coming to you all to see what I can do to this criteria to sharpen it and get more specificity out of it. Can I give them keywords to look for to get a wider pool of motivated sellers? (divorce, inherited, quick sale) Is limiting the acceptable financing criteria to Cash and Seller Financing, or removing conventional, VA, and FHA altogether worthwhile? FYI I'm in the Harrisburg, PA and York, PA area.

What works for you?

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