BRRRR stands for buy, rehab, rent, refinance, repeat.
Log in to followDuplex, bought at 140k, put 62k in. My comps supported 265k. Appraisal came back at 243k. At 75% that's 182k versus the 198k I underwrote, so 16k stays in the deal. I've got the a…
First one, done, tenant in, refinanced, and it cost me about 22k more than my spreadsheet said it would. All of it came from time. The house was a 1950s three bed in a working cla…
I lent 50k as a second position note into a BRRRR on a small single family, 12 percent, interest only, 12 month term, repaid from the refinance. Monthly interest arrived on time e…
Getting my license and doing a lot of reading on the side, and BRRRR keeps coming up as the thing people do when they don't have much money. But every worked example I find starts…
Three previous BRRRRs left me with capital stuck in all three. This one didn't, and the difference was almost entirely that I underwrote the after repair value low on purpose and…
Working through this and I think I might be worrying about the wrong number. Deal I'm modeling: 110k purchase, 50k rehab, 160k all in. ARV 205k, refi at 75% gives 153k, so 7k stay…
Deal in front of me. Operator buys a duplex at 210k with his own bridge, my 90k funds the rehab, and I'm repaid from the cash-out refinance at an agreed return. He's projecting af…
First rental is a BRRRR I'm holding, and I've been so deep in screening reading that I've created a timing problem for myself. Market rent looks like $1,900. I have an applicant w…
I've got the renovation side clear in my head. What I don't have clear is the first ninety days, when you own a house that doesn't produce anything and needs 40k of work. The opti…
I've been listening to people talk about BRRRR for a while and I've been pretending to follow. Writing down what I think each word means so someone can correct me. ARV, after repa…
I've been reading this room for a couple of weeks and I can't tell which way the room actually leans on this one. The case for starting with BRRRR: if it works, the money comes ba…
Building this out carefully before I buy anything, so forgive the theoretical framing. Starting capital 60k. Model assumes each deal is all-in at roughly 78% of ARV (purchase, reh…
The part of BRRRR I get stuck on is the middle. Buying I can do on weekends, renting I can pay someone to handle, refinancing is paperwork. The renovation looks like it wants my T…
Small portfolio here, four doors, and this was my second attempt at a full BRRRR cycle. Buy, rehab, rent, refinance, repeat. I got three of the five right. Numbers: bought a tired…
Two properties in, and something's off with how I'm thinking about this. My process: find something cheap, fix it fast, get a tenant, refinance. That's the four letters. But I pic…
Finished this one nine months ago and I've been chewing on it since. Single family, purchase 158k, rehab came in at 41k against a 36k budget, closing and holding 11k. All in 210k.…
I hold for a long time and I don't enjoy debt, so I keep arriving at the opposite conclusion from most people in this room. Deal I'm modeling: all-in $180k, ARV around $240k. At a…
Trying to get the refinance done on a single family I've been rehabbing. The lender ran it and told me the debt service coverage ratio is 1.08 and their minimum on this product is…
Four completed cycles, fifth under contract, and the thing that's slowing me down now isn't money. I've got a line of credit and a couple of people who'd fund a rehab tranche if I…
Scoping a BRRRR now and the scope has already grown from $52k to $70k on paper, which is my usual disease. About $18k of the growth is mechanical: sewer lateral, 200 amp service,…