BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago,
BRRRR investor horror stories.
I have heard all the good about the BRRRR strategy. I'd love to hear some of the bad. Especially in today's markets with renters not being able to afford rent and air bnb booking contracting from nearly 600,000 booking a week in the US, to roughly 100,000 as the current pandemic weighs on travel and employment. Numbers sited from- ( https://www.zerohedge.com/personal-finance/holy-god-were-about-lose-everything-pandemic-crushes-overleveraged-airbnb ).
I am hoping to use the information or "horror stories " in this forum paired with the good stuff that I've learned to give to my girlfriend so she understands what I'm getting us into.
To my fellow bigger pockets folks that are feeling the repercussions of the current state of our economy. My prayers are with you. We will come out stronger than before. Let's use this as a learning lesson for generations to come.