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Updated over 6 years ago,
Does the BRRRR method exist with turnkeys?
Hi, I am VERY new to REI. Thus far I have read a few books, practiced analyzing properties, scoured Zillow, Craigslist & the MLS, spent hours on BP and secured a HELOC. I am convinced there is money to be made but I live on Long Island and I haven't been able to get even 1 property's numbers to "work". I am considering out-of-state and have looked at numerous markets (Birmingham, Kansas City, Baltimore, etc). My question is: does the BRRRR method work with true turnkey properties? I would love to hear from some successful out-of-state and/or turnkey investors. Thank you!