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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago, 07/15/2021

User Stats

6
Posts
1
Votes
Hayden Prather
  • Real Estate Agent
  • Lincoln, NE
1
Votes |
6
Posts

Got a question about the brrrr strategy

Hayden Prather
  • Real Estate Agent
  • Lincoln, NE
Posted

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

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