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Updated 3 months ago on . Most recent reply

William Pichardo's profile image
William Pichardo's profile image
William Pichardo
  • from Bloomfield, New Jersey
  • Member since Nov 27, 2016
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William Pichardo's profile image
William Pichardo's profile image
William Pichardo
  • from Bloomfield, New Jersey
  • Member since Nov 27, 2016
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William Pichardo
  • Bloomfield, NJ
10
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2
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

BRRR Strategy - 1st Time Buyer

William Pichardo
  • Bloomfield, NJ
Posted

Hi Everyone,

I've been saving up and now have over $150k in liquid funds. I'm looking to get into the BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy but want to build a strong team and could use some guidance. Any tips or advice would be greatly appreciated!

Newark, New Jersey
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Thomas Magill's profile image
Thomas Magill's profile image
Thomas Magill
  • Investor
  • from Charlotte, NC
  • Member since Feb 12, 2016
  • Posts 64
  • Votes 33
  • Experience 7 Yrs
  • Investments 17
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64
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Thomas Magill's profile image
Thomas Magill's profile image
Thomas Magill
  • Investor
  • from Charlotte, NC
  • Member since Feb 12, 2016
  • Posts 64
  • Votes 33
  • Experience 7 Yrs
  • Investments 17
Connect
Thomas Magill
  • Investor
  • Charlotte, NC
33
Votes |
64
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Thomas Magill
  • Investor
  • Charlotte, NC
Replied

William,

The best thing I did was drive around the area I was looking to invest and started talking with contractors. I exchanged information with them and would stop by their projects for the next month to see their progress. Speak to their references. Then, find 3-5 contractors to bid on your work, assuming you have a project to work on. This is exactly what I did and it worked out very well for me. 

  • Thomas Magill
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