What if BRRR stood for Build, Refinance, Rent and Repeat

[Alan Hon]

After more than 18 years Buying, Rehabbing and selling (flipping) or Refinancing and Renting, I spent a year working with a builder who built and sold or held more than 100 homes a year.

While I knew he had a 14,000 square foot home and was clearly doing well, I had no idea that he averaged $100k per home.  I'm not a math major but WOW. 100 houses per year at 100k profit per home.  

Learning that really opened my eyes to the possibilities that exist in building new homes vs flipping them.  I thought my average profit of 30k per house was good but when you consider that lending favor building over flipping and how easy the money is to get to build vs flip the logic is undeniable.

I've now spent the last year and a half selecting the designs, building relationships with the right GC, lenders and suppliers and am ready to start building some houses.

Who's in?

 

[River Sava]

It absolutely could...jumping on this new BRRRR method!

Maybe we can toss in another R for River...? Anyway, would love to connect and hear more about this.