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Updated about 7 years ago on . Most recent reply

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Jason Fike
  • Investor
  • Mission, KS
22
Votes |
42
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Strategy: BRRR Vs. Leverage Everything

Jason Fike
  • Investor
  • Mission, KS
Posted
I'm struggling with my next move and strategy. Should I continue with the BRRR strategy or simply leverage my next properties. My current situation. I bought 6 doors all cash. These units are in Kansas City. 50k to 70k range. I managed to refi some units. I'm about to refi the rest of the portfolio very soon. I'll have about 150k to invest and I'm keeping the rest for reserves. I like the brrr strategy but these lower class units come with problems. I'm wanting to move up a class to the 100k units. So should I leverage five 100k units? Or buy three or so more cash deals and brrr? BRRR keeps my money liquid but lower class. Leverage Everything puts me in a nicer class. Either way I run out of money soon. Simply looking for advice and perhaps another set of eyes to see things differently. Thanks

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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
1,999
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3,177
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
Replied

@Jason Fike

BRRRR doesn't have to be done with cash. It could be done with hard or private lending. Just has to be at a deep enough discount so you can do a cash out refinance once the rehab it done.

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