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Updated almost 5 years ago,
BRRRR using TURNKEY Multifamily
Curious if anyone has tried to pull their investment out of a multifamily property in a refinance in order to reinvest in another property. Can BRRRR work with these types of properties, also does the additional margin going to a turnkey company knock this plan out of whack? My rough estimates say it would difficult to get back 100% unless you had a real sweetheart of a deal. But +75% is a huge shortcut to your next investment. I'd like to know if anyone has had success using this method to scale remotely.
I've been reading the forum and going to meetups whenever possible but this is my 1st post. Curious if anyone has gone down this road and what was your experience. I'm researching strategies that might allow me to keep working my super time consuming job which I love.
Thanks so much for all the info and expertise I've gained so far!