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Updated about 8 years ago,
BRRR Strategy in Sellers Markets like Sacramento
Hi everyone, I'm in the Sacramento area working on a few wholesaling deals but like many others my long term strategy is buy and hold. Im interested in BRRR but am having trouble seeing how that would work well in a sellers market. My problem with BRRR is that it relies on leveraging a lenders cash- which to me means using MLS as a source for buying, as wholesaling deals are usually done in cash and often need repairs which makes lending hard anyways. With that being said, the chances of getting offers accepted on decent property at 70% of retail are pretty slim in a sellers market. This leads me to believe the strategy works better in buyers markets. Any thoughts on this?