Finding MLS deals using the BRRRR strategy

[Kenneth Garrett]

There has been a number of posts regarding whether you find deals on the MLS. Let me give a perspective on this strategy. I have purchased the last 8 properties on the MLS with the BRRRR strategy. I can out bid the Fix N Flippers, because I am holding the properties and by adding value I can build equity into the projects. I use private funding, rehab the property, place a tenant in the property, refi with commercial loans and repeat the process. The key is knowing your market (expert) so you can run your numbers. Knowledge is the key.

Would love to hear what others are doing.  

[Tiffany S.]

I am doing this also. I am almost done with the "rehab" phase of my first rental. Hoping to refinance soon. I found my property on the MLS. It had been listed for about 6 months last year, was taken off the market, then relisted this year. @Kenneth Garrett How long did you have to hold you properties until the re-finance? Most banks are telling me 12 months. I found a guy that says they'll do 6 months. Have you refinanced any sooner than 6 months? What kind of "commercial loans" are you using? Do you have to have the titled vested as an LLC to use a commercial loan?