BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago,
Anyone doing BRRRLO?
Anybody have experience, or even better a track record, of doing BRRRR process with a Lease Option for renters to ultimately purchase the SFH in 12-24 months?
Seems like there can definitely be some unethical ways of doing it, but I myself have been in a situation where I wasn't able to get a bank loan for 3 years and it killed me to not have my "own home. I think it could be a great strategy in my market to get better cash flow from SFH's while giving you the ability to, theoretically, churn a house in a couple of years and take the profits to duplicate efforts and buy 2 more houses to do LO.
Any thoughts, concerns, experiences?