Which strategy works best for the current market condition?

[Jason Nguyen]

As you may have known, interest rate went up a lot recently and that forced the majority of retail buyers out of the game. Therefore, flipping takes longer to sell or may need to go down in prices if on market too long, BRRRR formula doesn't make sense anymore at nearly 6% interest rate for conventional investment loan or 7% for non-QM loan. Long term rental cash flow doesn't look too good if there's a big repair going on. What do you guys think of Airbnb? I see some Airbnb at a good location brings in more than 100k revenue a year.

Please let me know what you think.

[Steven Foster Wilson]

Quote from @Jason Nguyen:

As you may have known, interest rate went up a lot recently and that forced the majority of retail buyers out of the game. Therefore, flipping takes longer to sell or may need to go down in prices if on market too long, BRRRR formula doesn't make sense anymore at nearly 6% interest rate for conventional investment loan or 7% for non-QM loan. Long term rental cash flow doesn't look too good if there's a big repair going on. What do you guys think of Airbnb? I see some Airbnb at a good location brings in more than 100k revenue a year.

Please let me know what you think.

Find the right deal, we have been refinancing into 5+ interest rates and our properties are still cashflowing, that's why I like the Columbus market!

My first BRRRRR was $300k, put $50k into it, refinanced, and got $90k back. I just refinanced again and got another $50k and it still cash flows $1800/month.

Second BRRRRR cost $160k, put $55k into it, refinanced, and got me just under $200k back and cash flows $2000/month.

Currently working on my 4th BRRRR in the city and even with 6.5% interest rate this will be a homerun!