FRRRR?

[James Maher]

I love the BRRRR approach, but have not pulled the trigger yet. I have found a house in my area that needs some work, and the owner is willing to carry a mortgage. Just wondering if anyone has had any success using the BRRRR strategy, except instead of buying (B) they financed (F), specifically owner financed. Obviously it would be harder to get a bank to finance it initially if it needed a lot of work, that's why I think I can make this work since he is willing to carry the note.