Is BRRRR overhyped in the current market?

[Jordan Moorhead]

I get asked about the BRRRR strategy all of the time and honestly don't know if anyone that's done it in my market where the property cash flows afterwards.

It sounds great. Keep using the same money over and over. It just doesn’t seem realistic at this point in time in my market. Am I missing something? Is anyone successfully doing this currently in the Minneapolis market and actually pulling out good cash flow afterwards?