Hello BiggerPockets Community,

Hello BiggerPockets Community,

Member since 2021 · 2 posts · 1 vote

I'm now looking to expand my portfolio using the BRRRR strategy and would greatly appreciate your insights.

I'm particularly interested in learning about effective methods for identifying potential BRRRR deals. What are some strategies you've used to find properties that are ideal for this approach? Are there specific markets or property types that you've found to be more conducive to the BRRRR method?

Additionally, I'm curious about any challenges you might have faced during the process and how you overcame them. Insights into navigating the refinancing stage would also be incredibly valuable, as this seems to be a critical step in the BRRRR process.

I'm open to all suggestions and tips, whether it's about market analysis, networking, or leveraging specific tools and resources. Your collective wisdom and experiences are what make this community a treasure trove for real estate enthusiasts like myself.

Thank you in advance for your guidance and support. I look forward to learning from you and hopefully contributing to your endeavors as well.

0Reply
29 views

Most Popular Reply

River SavaPro Member
Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
2y

Hi Edgar - What does your portfolio look like currently? 

Happy to connect and answer any/all questions you may have. 

See this reply in the discussion

3 Replies

Jump to latestLatest
  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    2y

    BRRRR works everywhere

    BRRRR is very difficult

    Typically you need a distressed property that is off market

    You can buy off market from wholesalers or market directly to potential sellers

    You need a property that you are buying way, way below ARV

    Every step is challenging

    Appraisals are inconsistent

    Hope this helps

  • River SavaPro Member
    Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Hi Edgar - What does your portfolio look like currently? 

    Happy to connect and answer any/all questions you may have. 

  • Andrew PostellPro Member
    Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
    2y

    @Edgar Ortiz agree with the above.  Wholesalers have been the best method for me to find deals and I would always recommend to try this in your local market first.  Get connected with some real estate groups locally as well.  There are lots of them out there.   Some post here on the Bigger Pockets Marketplace. Many post on meetup.com. Even facebook is a great tool for this.  Networking is always a great practice and you never know who you might meet there and what good information they have to share. Would certainly recommend visiting if one is close to you.

    Join the conversationCreate a free account to reply, vote on answers and follow this thread.