All Forum Posts by: David Brand

We like to call it the "AirBnBRRRR" strategy and it definitely works, it can really work in pretty much any STR market since most will have properties available that need some work. I think success is more determined by knowing your market very well, rather than which markets are necessarily better than others, but one example of an investor we have worked with that has seen huge success with this strategy is focused on Jacksonville Beach

@David Brand

David, as a Realtor that works NE Florida beach and closely with investors in the area I would say the BRRRR strategy is on hold right now. With Home prices falling daily here are some stats.

of the 796 home on the Flagler County MLS.

98 homes had a price reduction on last 7 days

230 home in 14 days

and 316 homes in last 30 days

The current high interest rates are going to make it more difficult to actually cash flow when you pull money out of a property after rehab with dropping values.   I see lenders being more strict in there ratio and not giving as much value to rehabs as in the past.

"IF" rates come down, I see the the strategy being a very good option again, just not in this current market.

"IF" you come across a unicorn property for a crazy good price, it could still work.  But you will be fighting everyone else looking for it too, which might drive the price up to a point where is no longer a smart buy.

Go luck and please feel free to reach out if you wanna talk NE Florida.