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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago on .

User Stats

115
Posts
73
Votes
Kris Bucci
  • Developer
  • Victoria, BC
73
Votes |
115
Posts

The new BRRR method West Coast style!!!

Kris Bucci
  • Developer
  • Victoria, BC
Posted

We've decided to reinvent the BRRR strategy... ok not reinvent but do it our way... We are going to "Build" Rent, Refinance and Repeat.

Quick #’s

- Lot 200k

- Build Cost 350k (lots of sweat equity)

- All in 550k

- ARV 725k

- Rent $4100

Option 1 - Leave your DP in

CF $1,100

Cash on Cash ROI - 8%

Option 2 - Refinance

Take out all your cash and get extra 35k

CF $450

Two pretty great options.... we start construction on our first two in April... stay tuned for updates... if you want in on the next ones let us know, we may be looking for JVs to keep it going...