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Updated almost 6 years ago on . Most recent reply
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Question about this weeks Brrrr podcast (327)
In the most recent podcast (327) on the Brrrr method Brandon said, find me a city where a house can be flipped and I will show you a house that can be brrrred.
First off, I’m not a flipper trying to pick holes. I’m definitely a buy and holder trying to kick start my portfolio.
While I understand what he says, in that more equity can be realised by refinancing than what a flipper can extract as profit, an important part of the equation that is often overlooked is that it absolutely has to be cash flow positive.
It is for this reason my home market is more suited to flipping than brrrring and I am searching in a different town, as the rents in my market are really low compared to the purchase price of a house.