BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 4 years ago on . Most recent reply
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Flipping or brrr????
Flipping or Brrr to get more money to keep investing??
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Originally posted by @Rodrigo Cisneros:
@Christopher B.
Yeah my end goal is buy multi family. I start buying and hold single family but is taking me longer I think.
I guess now my plan is flipping make cash and maybe buy a multi family every couple years
Thank you Chris
Rodrigo, if you BRRRR you can capture nice chunks of equity tax free then 1031 those properties into a larger property. Create consistent active income for yourself via a job, flips, or whatever then increase your savings rate as much as you can by eliminating bad debt and reducing living expenses. Then move towards growing your portfolio.