Is BRRRR overhyped in the current market?
I get asked about the BRRRR strategy all of the time and honestly don't know if anyone that's done it in my market where the property cash flows afterwards.
It sounds great. Keep using the same money over and over. It just doesn’t seem realistic at this point in time in my market. Am I missing something? Is anyone successfully doing this currently in the Minneapolis market and actually pulling out good cash flow afterwards?
- Jordan Moorhead
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- 512-888-9122
Most Popular Reply
My issue with people trying to implement this strategy is they have no money. Buy, Renovate....it is a capital intensive strategy, that those with a few hundred grand liquid can implement. People come to me week in and week out that are broke...Thats simply not a strategy they are adequately funded to implement. No money, but a primary residence with 3% down instead.
- Russell Brazil
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- (301) 893-4635
- Podcast Guest on Show #192
