Starting Out With the BRRR Method

[Darius Kellar]

The BRRR method is a great and practical method to use when starting out. All of my BRRR's consisted of me receiving 100% or more than the cash that I originally invested into the deal. The problem I have experienced from others using the BRRR method locally in Michigan is when they don't repair the property quick enough. The market shifts and the value goes down at the time of the appraisal resulting in less cash returned to use quickly on the next deal.

One of the most popular questions I get related to the BRRR is… Do I need to remodel the entire property to refinance my money out.?. The quick answer ---> is no you don't.

[Drew Sygit]

@Darius Kellar you're missing the forest for the trees:)

The bigger problem is the challenge of falling property values AND rents.

Do you keep investing or wait it out?

Where can you invest to minimize these issues?

How do you adjust your acquisition strategy to accommodate?

Etc...