BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 3 years ago,
filling out the BRRRR report
I am struggling with this analyzing deals part! im trying to get some analyzing under my belt. ive ran multiple houses under the rental property report and it is hard to find a deal with more the 5% CoC . alot of the times its negative cash flow. I must be doing something wrong especially since people are finding deals everywhere!! my goal is to do the brrrr method, should i be using the brrrr calculator instead? if so... when i input my info on the first spot to put ammortization if im doing a hard money lender should it be their terms (interest rate,points,term) and the 2nd spot put the refi (interest rate,point,term). if i find a property that is already renovated besides upping the rent is there any way il be able to get my money back out to scale when i refinance? or does brrrr only work on fixer uppers? sorry for all the questions im just in a rut.