BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago,
BRRRR in a competitive market while renting, still feasible?
If house hacking a BRRRR is not feasible in an expensive market, should I just rent an apartment and rent the BRRRR?
I live in Austin, TX and currently working with a wholesaler to find deals under market value. Struggling to make numbers work for a house hack, but i can cash flow a small amount each month if I just rent out the entire brrrr. Any cons with living/renting in an apartment complex and keeping the brrrr rented? Has anyone else gone through something like this? i need to get started in real estate and since I cant find a house hack my other option is stay in my apt and rent the BRRRR.
Any questions send them my way! Advice as well.
Thanks!