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…
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…
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…
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 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…
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…
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…
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…
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,…
Numbers first. Bought at 145k, budgeted 55k on the rehab, actual spend landed at 73k. Most of that was a sewer lateral nobody caught and a roof that went from patch to full tear-o…
My lender wants 12 months of ownership before they'll do a cash-out refi at appraised value. Before that it's purchase price plus documented improvements, which on a place I bough…
I'd rather do the boring, dependable kind of investing, so I'm reading slowly. Two things I've read about BRRRR don't fit together. One post said the whole point is you get all yo…
I've been mapping vendors around this strategy because the service side is what interests me. Lead lists, skip tracing, contractor marketplaces, punch list apps, draw tracking. Al…
Small multifamily person here, every unit has taught me something and this one is teaching me about my own budget. Contractor bids on the unit turn came back higher than I want to…
A friend who does renovation work wants to do a version of this together, and most of my money sits in passive deals. He'd run the buy and the rehab, I'd fund the acquisition and…
Mid-rehab on a property I intend to keep and rent. Called my insurance agent to add it to the same policy as my other rental and she said no, a landlord policy won't cover a vacan…