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Updated almost 7 years ago,
Kansas City BRRRR Inquiry
Hey BP,
I'm looking for my next buy-and-hold property in Kansas City and am realizing that acquiring properties can be a pretty slow process when you don't have a ton of capital to work with. I'm fine with slow accumulation of wealth, but it seems to me like there are quicker options out there - the BRRRR method being one of them, since (if done correctly) you can pull out money during the refinance and use it on your next deal.
My question is if anyone has had success with the BRRRR method in the Kansas City market, and if so, which lenders have you used for the hard money, refinancing portion, contractors for the renovations, etc. or if you've had issues with the BRRRR method, I'd love to hear that too. The process seems to include a lot of moving parts and if I go that route, I'd love to get some recommendations!
Thanks!