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Updated over 9 years ago on . Most recent reply

User Stats

26
Posts
13
Votes
Kenny Dahill
  • Investor
  • Tempe, AZ
13
Votes |
26
Posts

BRRR - Willing to sacrifice?

Kenny Dahill
  • Investor
  • Tempe, AZ
Posted
My first home I purchased in 2010 as a foreclosure. I renovated and had my roommates move-in with me. A few years later I decided to refi and was able to take a significant amount of equity. My first BRRR without realizing! I have been looking for property for almost a year now for either multifamily or another BRER. I've been struggling but recently I started to ask myself: Am I willing to take less margins if it meant doing a BRRR and creating enough sweat equity to get all my capital back? Anybody with experience?

Most Popular Reply

User Stats

10
Posts
4
Votes
Brandon Elliott
  • Investor
  • Birmingham, AL
4
Votes |
10
Posts
Brandon Elliott
  • Investor
  • Birmingham, AL
Replied

I'll take all the cash I can get.  Like @Tim Lindstrom, I'm in acquisition mode.  My goal is to fully cash out of every property I buy (plus more if possible!) while making sure the property still cash flows $200+ after total expenses (no property management factored in that).  

I should mention that I'm managing the property myself.  This is a cash-saving measure (I have more time than money), but its also a skill-building decision.  I am eager to get some experience in both rehabbing and property management.  

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