This entry treats the BRRRR method, buy, rehab, rent, refinance, repeat, from the passive portfolio-builder's perspective: an investor using the strategy primarily to accumulate long-term rental holdings and recycle capital, rather than as an active rehab operation.
Log in to followFour properties, all done the same way, all bought distressed and rehabbed and rented. The first two refinanced in the low-rate stretch and behaved exactly the way the strategy is…
Small three bed in a working class pocket, bought at 132k, put 38k in, planned rent 1,650. The refinance math worked on paper and I got most of the cash back, so on the spreadshee…
This was my first BRRRR and I bought it partly because I like reading loan documents, which turns out to be a different skill from reading them for the right thing. Small three be…
Small two bed one bath cottage in a working class part of town, the kind with a detached one car garage that leans. I paid 96k, budgeted 26k, and thought it was worth 165k fixed.…
I care more about documents than properties, and on my first BRRRR that turned out to be the useful trait. Small two bed house, bought at 96k, rehab budget 34k. Before I signed an…
Posting the numbers because the thing that made this work was a modeling choice, not a market call. 1920s triplex, two ones over a two one, in a streetcar suburb of a mid sized mi…
I've been trying to work out what my first deal actually costs and ended up modeling one property both ways to see whether the rehab-and-refi cycle was worth the extra work. Numbe…
This is the ceiling I keep talking about and I finally hit it with numbers attached, so here they are. Started with 140k of my own cash 26 months ago. Plan was four single family…
I run small multifamily and I've done this four times now. The first two were low-rate era and returned essentially everything. Number three returned about 80%. This one gave me b…