All Forum Posts by: Joe Ratliff
Joe Ratliff has started 2 posts and replied 2 times.
Post: BRRRRR Strategy risk vs reward
Joe RatliffPosted
- Investor
- Wood Ridge, NJ
- Posts 2
- Votes 1
What is the risk of the BRRRRR strategy. It sounds good to be able to buy property, rehab it, rent it to a tenant, refinance, then take money out to repeat the process. I know that by doing this, you're building a passive income stream, but at the same time, you're also acquiring lots of debt. I just wanted to see if anyone out there can let me know the dangers of doing this strategy.
Thanks!
Post: BRRRR Strategy risk vs reward
Joe RatliffPosted
- Investor
- Wood Ridge, NJ
- Posts 2
- Votes 1
What is the risk of the BRRRRR strategy. It sounds good to be able to buy property, rehab it, rent it to a tenant, refinance, then take money out to repeat the process. I know that by doing this, you're building a passive income stream, but at the same time, you're also acquiring lots of debt. I just wanted to see if anyone out there can let me know the dangers of doing this strategy.
Thanks!