Should I even try to BRRRR???

[Nik Lee]

Hi all of BP,

A newbie here. I had spent the last few months learning RE strategies and thought BRRRR would be a great strategy for me. I had spent the last month or so building relationships local hard money lenders, banks, and RE agents. I had an LLC set up along with being pre approve. Now COVID 19 is in full swing which kind of halted my decision of using the BRRRR strategy.

So my question to the more season investors is should I even try to attempt a BRRRR given the market conditions and risk the possibility of losing money if the market declines too much? Do you see bank lenders even give out options of refi in the next six months?

Thank you all