BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 2 years ago, 12/26/2022
BRRRR strategy. 8-12% cashflow in a C+ area 4PLEX
Hello all of you wonderful investors out there,
So...
I've been narrowing down the LOCATION to invest in.
By population growth, landlord friendliness, city size (I LOVE big cities), economic diversity, my budget and a few other factors.
So Indianapolis is one of my winners which I am looking into more seriously.
I want to do a BRRRR strategy,
in a C neighborhood.
Fixer upper
Single story 4 units.
$150 000 purchase price.
My main goal is to cashflow minimum $150 per door so a 4plex would give 600$ PURE cashflow in total.
9-15% Cash on Cash return.
Which neighborhoods do you see are growing? and rental demand going up?
(Hendricks county? Johnson County?)
I'd love to connect with investors who are already in the game in Indianapolis.
I think BP is a great website to also connect great property managers and agents.
// Adrian