All Forum Posts by: T Sanch

Hello community ! Hope everybody is doing amazing and staying safe !!!

I am looking to upgrade my condominium.

I would greatly appreciate a few referrals to an experience general contractor.

It is in a B-/C+ neighborhood so I don't need anything fancy. Just new floors installed over the tile, upgrade 2 bathrooms, kitchen and a paint job.

I would immensely appreciate your referrals.

Thank you !!! =D

Wow you guys are all amazing !  I am extremely grateful and now have a clear game plan. Thank you very much for all the valuable advice !

Thank you very much for your replies!

Cash flowing properties for passive income is definitely my goal, therefore BRRRR is what I should focus on.

My question is, does it take on average 6-10 years for an investor to make as much money on a BRRRR as if that same property would've just been flipped?

Thanks again for your answers !

Hello everyone I hope you are all staying safe ! :)

I am new to BP although I have watched almost every podcast episode.

My name is Tatiana Sanchez and I am just getting started with real estate investing.

I have done substantial research on the BRRRR strategy and I would LOVE if you experts could help me understand something.

I am brainstorming if I should enter the "Buy and Flip" world or pursue the BRRRR strategy.

I am well aware that the numbers will always vary depending on the deal and many other factors, but as a rule of thumb, or an industry average, if I am correct, one would take roughly about 6-10 years to earn the same amount of money on a BRRRR deal, than on a Flip if we consider the numbers on the same deal?

Based on several scenarios that I've found online, if i could for example earn $30,000 on a Flip, yet on a BRRRR deal on that same property i could earn $350 passive cash flow, it would take me:

30000/350 = 85.7 months or 7.14 years to net 30k in rental income.

I understand that I should also be considering tax advantages by expensing depreciation on the properties, as well as property value increasing and not having to pay so much taxes on a Flip, but just looking at the net income part, does it really take that long or I am missing something here?

I would really appreciate some examples.

My goal is to earn passive income, so I know BRRRR would be the strategy to pursue but once I realized how long it would take to earn the same amount of money that I would in a 3 month flip its making me go back to the drawing board.

Thank you all very much in advance! :)