All Forum Posts by: Joey Allison

Pat, I can get behind that. That’s good perspective.

Is anyone else having trouble making this Brrrr concept pencil out? Here's what I'm seeing in markets I'm looking at: A house with an expected $200k ARV would need to sell for $100k in order to pencil out. I'm not seeing these opportunities anywhere. Even if you tried to buy at the auction, the bank owned properties will auction with a reserve, so if the property doesn't sell at the price the bank wants at the auction, they just send it back to the auction again until someone else buys the propert for what the bank wants to make on the house. Did this brrrr market evaporate? Is anyone actually finding success doing the brrrr method? And I mean success today. Not someone who implemented the method after the housing crash and rode the wave along the way. Today, can anyone realistically find deals to brrrr?