BRRRR stands for buy, rehab, rent, refinance, repeat.
Log in to followDeal 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…
I've read this commitment letter four times. The broker told me on the phone that I could refinance as soon as the property was leased and the work was signed off. The document sa…
Small three bed, bought at 118k, put 34k in, all in about 158k with holding. I underwrote the after-repair value at 205k off three sales within half a mile that all closed in the…
Numbers on the one I keep re-running. Purchase 142k, rehab budget 38k, closing and holding call it 9k, so all in around 189k. My comps put the after-repair value near 235k. If the…
Four unit, bought at 265k with a hard money bridge, 82k of rehab across all four units, all in near 360k. Stabilized rents are 1,150 a unit, so 4,600 gross. Appraised at 455k on t…