General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Six-Figure Income part time - Will this work for Turnkey Property
Newbie question here.
I got totally inspired yesterday during @Brandon Turner webinar on "How to Achieve Massive Success Using the BRRR Strategy over on BiggerPockets!"
Brandon has definitely taken the mystery out of figuring out the numbers like, monthly cashflow, cash on cash ROI %, estimated property value in 5 years, etc with the BP BRRRR calculator.
My question is "will this concept still work with turnkey investment property by selling 2 to 3 deals every 5 years (assuming it is positive cashflow and the numbers work using BP BRRRR calculator)?
Due to the nature of turnkey, I would not have the opportunity to buy low, rehab. But can I still refinance and pull out the equity and then sell in 5 years to follow Brandon's system of selling at least 2 deals every 5 years to generate close to $100k per year?