BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 8 months ago,
Seasoned investor new strategy
Hello my name is David. I say seasoned so maybe not by today's standards. I have over 50 doors but have basically done it the old way by saving up down payments etc. and buying extremely distressed and sweat equity Ing them back to life. I have been looking at the Brrrr method. It does seem like a good way to acquire more properties but how do they pay out as far as cashflow when you get say, 20 or so. What are some things to look for along the way? Pitfalls? I am also a general contractor in my area so setting up a scope of work and following it won't be hard plus I can pay myself for oversight and any work done in the process. Any and all help are welcome as I have just begun my research into the strategy.