BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago on . Most recent reply
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Looking For my First Brrrr!
Hey All!
I recently refinanced my duplex which is also my current residence. I have also chosen to take the path of Brrrr investing to continue down my investing path! As excited as i am, i am still stuck with analysis paralysis as it seems. Since i live and am investing in Ottawa Canada, i am curious to see how other local investors have managed with the Brrrr strategy around Ottawa and surrounding areas.
I am most curious on how a Brrrr will fare during a recession, if i renovate a property and market crashes should i just hold it and refi once market comes back?
whats the best way of finding specific laws & regulations in my area with having to search for it throw my cities websites?
Will i need to become Incorporated or a business to pass capital gains if i do this more than once a year?
These questions may be basic but are part of the reason i am stuck haha
any help, specifically from local investors is greatly appreciated and i have ordered David Greenes Book on Brrrr, just waiting for it to come in!