BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 2 years ago,
St. Louis 4 unit BRRRR property, first time.
My wife and I have been investing in Springfield, but are looking for the next step. We have thought about trying BRRRR strategy on a 4 unit in south St. Louis. First question has anyone successfully done this in the current market climate, last 3-6 months? Second question, anyone that has this rental type, are there any issues with investing in this type of property that a newbie should be aware of? Third, what are the vacancies like for 4 units? There seem to be a fair amount of properties that have been on Zillow rentals for 60+ days.
I’ve done a fair amount of research and know that landlords typically pay water/sewer/trash. I’m looking for a full gut remodel. Any information or help would be appreciated.
Thanks,
Trevor