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Updated almost 5 years ago on . Most recent reply

User Stats

31
Posts
19
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Jesse Vasquez
  • Investor
  • Modesto, CA
19
Votes |
31
Posts

Brrrr cites, where should I be thinking ?

Jesse Vasquez
  • Investor
  • Modesto, CA
Posted

Hello! I own a couple real estate properties in California, I’ve been Airbnbing two, I’ve been listening to bigger podcast lately often, I want to try the brrrr strategy, probably California was hats impossible - house prices in modesto wher I live are averaging 300k. I want to take equity out of my primary and use that to purchase something else - what cities in the US should I focus on? I’m really new to this and have been on the fence of giving this a shot- I’ve been pretty successful so far with Airbnb so I’m leaning towards something new! Any ideas or info would help- thanks everyone!

Jesse

Most Popular Reply

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1,790
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1,382
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Cameron Tope
  • Property Manager
  • Katy, TX
1,382
Votes |
1,790
Posts
Cameron Tope
  • Property Manager
  • Katy, TX
Replied

Jesse,

Why are you wanting to change strategies away from Airbnb, especially if you're having success with it? 

I see too many investors that get the "shiny object" or "grass is always greener" syndrome. The investors that are most successful are the ones that develop a solid strategy, continually improve and stay focused. 

If you really want to BRRRR, the good news is you can BRRRR anywhere, as long as you have a solid deal where you can value add or buy at a discount. I would be more concerned with building a team to help you find, fund and execute the BRRRR.

Best of luck!

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