It's nearly impossible to complete a proper renovation withiout using short cuts in the price point proprties many are suggesting.I am all for buying real estate that is purchased at a deep discount and where a value add strategy can yield a favorable refinance, but focus on the fundamentlas of the real estate first and foremost, and not whether the market is good for BRRRR'S.

But not impossible.

I would make sure you have financing lined up before buying, as it is going to be very very challenging - not impossible but not easy.

I’ve done a lot of deals here (I’m based in NOLA) and have seen many people build real momentum this way.Getting someone to front the down payment is tough—but not impossible.

I am from Spokane Washington, and the real estate prices there are through the roof and make it almost impossible for a new investor to get started.

It might sound impossible but I assure it is not.

And almost impossible to make claim to. 

Between 2020 and 2022 they acquired something like $6B worth of real estate, more than tripling their portfolio…it is impossible for all those investments to be purchased at reasonable prices because if they were, competitors would also acquire them.

Any thoughtsThat's actually a very good question.If a major investor like Blackrock starts selling off properties in an area at below existing prices, it drives comps down and makes it very difficult, if not impossible, to sell at "current" prices.

That does not mean it's impossible, just harder.