How long does a BRRRR take you?

[Josh Kucker]

Hello all!

Newbie here, though have been reading BP forums and blogs, and making connections for a while now. 

Question for those in the BRRRR game:

How long does it take you to go from B to the final R? Not including the beforehand finding of a deal/financing. But from when you actually commit to buy, then close, then rehab, then rent, then refinance and get you $$ out?

Curious as to the ranges for those who've been actively BRRRR-ing for a while.

Likewise, what tools have you used to speed that cycle?

This is all assuming you have the necessary $$ to buy and rehab (without finding private/hard money).

Thanks for your thoughts!

Josh

[Mackenzie Grate]

I think there aren't many responses because the answer is "it varies." All this depends on your level of experience both with renovations, property management, your lenders ability to move quickly, your contractors ability to get the work done, the scope of the work, how long it takes to close a loan in your state, etc. 

The one thing I do know, is whatever you estimate to be the time, add a 2 month buffer zone at lease, and maybe 3 with these cargo delays. 

You will learn with the first one you do. Map it out to start, and just like a budget, add a "time contingency" to your schedule.

Good luck! You can definitely do this! :)