BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago, 07/15/2021
Got a question about the brrrr strategy
So I dont think I’m thinking of this correct so I have a question for more experienced investors.
How would I determine what I could spend on a certain deal or how to find out if you can get all your money back or more?
Say there’s a deal for 80k
Your down payment of 25% equals 20k
You spend 35k cash on repairs
All in your at 55k of personal cash
ARv comes in at 120k so 75% of that is 90k
So that’d be your money back plus 35k?
I feel like I’m thinking of that wrong cause I rarely see anyone talking about that type of turnaround.
If anyone could bring more to my attention that’d be great!
Thanks