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Updated almost 5 years ago on . Most recent reply

User Stats

55
Posts
8
Votes
Lee Cruz
  • Winnipeg, Manitoba
8
Votes |
55
Posts

So is the Brrrr strategy a bad time to use now?

Lee Cruz
  • Winnipeg, Manitoba
Posted

I posted this in JD's thread but got lost among the masses

Ive just started a couple years ago. All ive done is brrrr. I have my 5th unit about to brrrr in a couple weeks. With this low interest rate, im thinking great. I typically buy at 50 to 60% of the arv. 25% equity position day 1 after refi. Cash flow $400. I have 10k in cash reserves per property. I also have another business with more cash reserves. Am i doing something wrong amidst this downturn? Serious question really. I feel i can leverage and brrrr up to 10 then start paying them off. What would you more experienced investors do in my position?

  • Lee Cruz
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