BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago on . Most recent reply
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Investing in Oklahoma
Does anybody currently BRRR in Oklahoma City area? I'm looking into Norman or Moore OK (home of OU). I'm in southern Ca, and looking for opportunity a bit closer to me than Ohio etc. I'm a newbie so I greatly appreciate your advice.
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BRR is going to be a-little hard until you get volume due to the recent increase in demand for single family home rentals. Mainly because investors are bidding up the current inventory purchase price and squeezing the budget for the renovations to where only people with solid labor connections and do it your selfs can pull it off. To make matters worse most deals that actually cash flow are sold to cash offers. This is an incredible market to buy into but not without challenges. Are you able to pay 100% cash and refinance later?