Where to learn BBRRR (Buy land, Build, Rent, Refinance, Repeat)

[Alex Chapman]

Hi BP nation,

I am looking to learn how to BBRRR.  Has anyone done this constantly with success?  How would you analyze such a deal/s?  Is building a Multifamily better? So many questions!

I am very familiar with the traditional Brrrr method.  Have been searching for this methodology for a long time with little success.  Since, home prices are so out of whack at the moment I would like to learn more about this strategy!

Thanks

Alex

[Jonathan St.Leger]

@Ryan Chatman 

I always have the property surveyed directly after getting under contract as it can sometimes take awhile to get it back depending on their work load. With the survey in hand you can then create a proposed site plan which would generally include the following : Building size and location on the property, Septic area along with septic repair area ( unless you are able to tie into a sewage treatment plant), Parking, Building setbacks, Storm water retention area if applicable in your area, Lot coverage %, Fire Hydrant located within a acceptable distance for fire trucks to have access to, sometimes a landscaping plan and a lighting plan may be required. 

This is a rough idea of things to consider that the town / city may require for multi family development, some of which may not be needed for single family development. I find it best to go talk with the planning / zoning department in the jurisdiction that your looking to build in and they are most always in my experience willing to help guide you in the right direction and provide you with a specific list of items that they require for a preliminary approval so you can have the confidence to know that you can build what you would like to on the property. 

I hope this helps. Have a great day!