BRRR Questions As It Pertains To A Partner

[Kameron Patterson]

I have not done my first deal yet, unfortunately. I am however, currently looking to house hack a multi-family in the Indianapolis market via my VA loan (0% down payment) as well as buy a multi-family with a partner willing to provide the 20% down, assuming I can finance the rest.

My question about the BRRRR method as it pertains to a partner is simple. Once the first house is BRRRRed and a second house has been acquired, do you split the cashflow with the investor on the second house? Third house? Every house that derived from the initial house?

Thanks again, love the site and look forward to rebuilding a professional network as I haven't posted since I lost money on a business with my brother 2 years ago.

[Grant Anderson]

I have a partner with some of my brrr properties. Although, I had been doing flips and buying rental properties prior to taking on a partner. He provides all the cash needed and I provide the knowledge to find, rehab, and rent. We split everything 50/50, cashflow and appreciation, typically we get most of the cash back when we refinance and that goes back into the company to buy the next property.