BRRRR vs Using Loan without refinance

[William Zheng]

Hello.

I just finished reading David Greene's "buy, rehab, rent, refinance, repeat". It's a great book and I wish I can read it earlier. I am planning to do the BRRRR. I save enough money to buy a house in Greensboro NC area. I have a house in NY but I have never been to NC.

I know the mortgage rate is very low these days. Some people predicts it will be low at least until early next year. I am thinking another option to take advantage of the low mortgage. Buy 4 houses and pay 25% as down payment for each properties.

If I do BRRRR, I think I would need at least one year to buy 4 houses because I have to buy it one by one. Cash out refinance rate is probably higher than the mortgage rate? And by the time I get to the 3rd or 4th house, it will be next year. And the mortgage rate might be higher by that time. I feel like BRRRR is less attractive because I can't take advantage of the current low mortgage rate. Personally, I still feel more comfortable with BRRRR becasue there are many uncertainties these days.

I would like to hear your opinions. Will you buy 4 properties using loan or using BRRRR to buy one by one? Why? Thank you.