BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 5 years ago, 12/15/2019
BRRRR versus just flat buy and rent? How to convince wife?
Hi all.
I am looking into the BRRRR strategy and have found some properties that I may be able to buy for a bargain and apply the BRRRR to pull out my down payment (and hopefully my rehab costs).
My wife is daunted by the idea of doing a rehab since we have zero experience and she would rather just try to buy the house, do basic clean-up and then rent it out.
The difference here would be that my money is stuck in the house for 15-30 years and I would not be able to "repeat" the process for very many houses.
How can I convince her that the benefits of the BRRRR method is worth the risk and pain of the rehab?
Thanks!
Paul