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Updated almost 5 years ago on . Most recent reply
Best BRRRR Method for beginners?
I am a new investor who is in the education and raising capital phase. I have a question about the BRRRR method. Does it make sense to buy a property with a loan and then rehab it and then refi it after the rehab or is it better to buy the property cash and then rehab it. I'm wondering if using OPM in this situation will benefit me.
Most Popular Reply
The BRRRR method is discussed in the forums everyday. All that matters is the DEAL> have you located a GOOD DEAL?
Money follows good deals. Private financing, personal savings, 203k, Conventional, FHA, any of these sources will set you in the right direction. I crossed out a few because of one reason. The best BRRRR candidate properties won't qualify. Distressed property with value-add is what you're looking for. If the property is fixed-up and move in ready you'll never pull the cash out. It will be trapped as equity until you sell defeating the purpose of the strategy.