Success with BRRRR in Europe

[Oliver Kopun]

Hey everyone, hope you are having a chilly Monday :)

I was just curious if there are any fellow European investors that have had success with the BRRRR method?

Since the market is pretty different here - people don't rent houses they buy them, renting would be too expensive. In case they rent, it's usually a flat - I was thinking if BRRRR is even possible here. I mean, there don't seem to be flats that would be in desolate state and thus you can't really rehab them in order to raise their value. Also, a vacant flat is something super rare.

I don't know, I am just throwing this out here to see what other people think. Any and all help is greatly appreciated!