Completed 10 BRRRRs in 14 Months ! (How to BRRR)

[Ashish Acharya]

@Account Closed and I bought our first investment property (not a BRRRR) in early 2018. We are both have full-time jobs as CPAs.

What have we done:

• We just completed our 10th BRRRR in Atlanta and have 17 properties (all in Metro Atlanta).

How did we do:

• We have received up to $18K in one closing (refi close) vs taken $15K to close (refi close) in another. On average, we haven't had much capital stuck in any of our deals. We attribute our positive BRRRR experiences to our rigorous and risk-based due diligence, conservative underwriting, and meaningful networking.

Operation:

• Net annual cash flow equals approx. $37,800 after 19% reserve for Vacancy/Credit loss and Capital Expenditure across the portfolio.

Goals:

• We are looking to acquire a 50+ unit commercial-residential complex (<$4M) by the end of the year. We would love to connect with individuals with similar goals and motivations.

[Nicholas L.]

@Ashish Acharya congrats.  How did you find your contractor(s)?