BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 3 years ago,
Strategy to get to 100 units?
Question from a newbie here. How are people able to finance their ways to 100 units? Is this typically only possible with brrrr by refinancing your way after you force equity through major renovations? Is it possible for a more traditional investor (someone not using brrr) to finance their way to 100 units? Going this route putting 25% down would just seem like it would take so much income. 25% down on 100 houses costing 200k is about 5 million bucks. Are people who go this route typically using hard money or equity in their other homes?
Looking for any and all feedback. I’m trying to understand all the strategies out there people are using. I like brrrr but want to explore other strategies people are using to scale quickly.
Thank you 🙌