Finding MLS deals using the BRRRR strategy

[Kenneth Garrett]

There has been a number of posts regarding whether you find deals on the MLS. Let me give a perspective on this strategy. I have purchased the last 8 properties on the MLS with the BRRRR strategy. I can out bid the Fix N Flippers, because I am holding the properties and by adding value I can build equity into the projects. I use private funding, rehab the property, place a tenant in the property, refi with commercial loans and repeat the process. The key is knowing your market (expert) so you can run your numbers. Knowledge is the key.

Would love to hear what others are doing.  

[Kenneth Garrett]

@Brandon Elsemore

I am not a Real Estate Agent. I find my properties on Redfin and Zillow. I sign up for the alerts based on my specific criteria. I use the commercial loans as a refi. The criteria for approval is based on the project. Does it cash flow. Make sure you calculate your DSCR; has to be 1.25 or better. I find the commercial loans are much easier to get approved. The interest rate is a little higher but the process is much easier.

Good Luck.