Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

619
Posts
459
Votes
Jorge Vazquez
  • Real Estate Broker
  • Tampa, FL
459
Votes |
619
Posts

The planets have aligned in you Favor BRRRR Investor!

Jorge Vazquez
  • Real Estate Broker
  • Tampa, FL
Posted

The planets have aligned in your favor, "BRRRR" Investor!

It is probably The best time for BRRR - The return of the 1% Plus!

Why is this the best time? You have the opportunity to get the value you are looking for within six months of owning the property to be able to cash out. What I mean is that you have scare sellers plus values that are staying up in some regions of the country, like Tampa, Florida. This means that you can have the cake and eat it too. You can potentially find the discounted deal you have been looking for for a long time, 25-30% off, and at the same time be able to convince your appraiser that the high value is still there to do the refinance and cash out. I have seen it done at least 12 times in the past few months.

Now it gets better for the first time in a while; you will be able to refinance and not have any issues with your DSCR ( Debt-Service Coverage Ratio) since rents continue to push up, sometimes as much as 25% plus a year, compared to 12 months ago.

All the planets have finally aligned! This window of The planet (30% off), Planet (Higher DSCR), Planet (High values) Planet (bullish lenders) alignment will only last 6 -12 month max!

Who cares if the values go down later when the rents are predicted to continue pushing up yearly in double digits for at least two more years after a market correction? Invest away!

  • Jorge Vazquez
business profile image
Graystone Investment Group
4.5 stars
88 Reviews

Loading replies...