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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 2 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Josh Humbert
  • New to Real Estate
  • Denver, CO
3
Votes |
11
Posts

Chronic over thinker- Thoughts on taking a less than perfect deal to get started?

Josh Humbert
  • New to Real Estate
  • Denver, CO
Posted

Like the title mentions, I am a chronic over thinker and know that I could spend the next 2 years learning every possible approach to BRRRR, the details, the risks, etc. I am a pretty resourceful thinker but I cannot help that whenever my brain hears "5 things you MUST know before your first BRRRR deal" I can't help but read the content, research each of those topics, etc. Ultimately, I know I just need to get started and over time my goal can become to improve my strategy with every deal.

I don't want to live on the sidelines lol. 

With that being said- Any advice/thoughts on taking a less profitable deal (ie- leaving money in the deal after refinancing to get started)?  If so, how can I use my willingness to be less profitable to my advantage? 

Most Popular Reply

Account Closed
  • Columbus, OH
255
Votes |
427
Posts
Account Closed
  • Columbus, OH
Replied

In this current environment, the majority of deals fall under "less than perfect".... Set your parameters for any possible deal, and go through with it IF you are comfortable with the numbers. Do your due diligence and trust your numbers. Don't live on the sidelines, but don't get in the game just to say you got in.

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