Brrrr works only if renovation is involved?

[Raquel Adkins]

I have a couple of amazing multi properties I want to invest but they look pretty nice already, little to no rehab needed. When it’s no rehab involved I can’t do brrrr correct? Is there any other way to try to get my down payment back and not tied to the deal?

[Jared Hottle]

I would say a BRR can definitely work without needing to do renovation if you buy for the right price. The theory is the rehab will force the apprecation up when the appraiser comes back but if you for instance buy an off market deal under market rate with cash and no appraisal was needed. You wait 6 months and refinance there is a good possibility you will get a higher appraisal.