BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago,
BRRR on 5 or 6 Unit Reliably?
I have been doing some light digging and wondering about this question:
Is it possible to "know" (or have a reasonably good idea) of exactly what you could get at the end of a BRRRR for a 5-6 unit property?
I know that on 1-4, you can study comps and ARVs and have a fairly good idea, but you're still more vulnerable to market conditions (i think).
5 or 6 units could be priced similarly, but if you increase NOI, you should be able to increase the appraised value, thus having better chances of a successful BRRRR. Successful BRRRR being one you can pull all your money back out of.