Can you make the BRRRR method work in Denver?

[Eric DeNardo]

Hey All,

I hear a lot of investors wanting to use the BRRRR strategy in Denver, but I've heard its a tough market to get make the numbers work. What are your experiences and tips to make the BRRRR method work in Denver?

[Jeff White]

@Eric DeNardo Definitely possible, but the hardest part is the buy part, there are plenty of wholesalers around ton spending tens of thousands of dollars on marketing to get off market deals, and that's the competition to get those deals, not impossible, but definitely tougher for the average investor that doesn't have the time.   

Also, going in with realistic expectations, you aren't going to be able to pull 100% of your money out, but what if you pulled 80% out and you had a good rental property asset that will probably break even best case scenario? It really depends on perspective. With rates over 8% for investment properties, it will be tough to cash flow without a creative strategy such as STR or rent by room.