BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 2 months ago on . Most recent reply
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Does the brrrr method work for multifamily
I am new to biggerpockets.com so forgive me if this has been discussed already but, does the brrrr method work when working multifamily and if so can someone send me a case study or what the difference is
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Hey Melvin -
Welcome to BiggerPockets. Yes, the BRRRR method can work with multifamily properties, and many investors have done it successfully. It really depends on your market. In some areas, purchase prices and value add opportunities align well with BRRRR, while in others the margins might be tighter.
NOI plaus a big role in success, esepically with MF, so increasing rents and reducing expenses are key. Financing can also vary depending on whether it's 2-4 units or 5+ units so keep that in mind as well.
Having a strong team and lender familiar with multifamily deals is crucial. If you're targeting a specific market, I suggest connecting with local investors through meetups.