All Forum Posts by: Edmond Thorpe

@Matt Ternullo Thanks for your opinion on the subject matter. I live in the Metro Phoenix area in Arizona. So I'm trying to narrow down what niche I want to learn the process for. And starting to reach out to brokers who can guide me on my first deal.

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Phoenix, Arizona

@Conner Olsen Thanks for the clarity. That makes a lot more sense after your example.

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Phoenix, Arizona

@Conner Olsen Thank you for you input. Could you elaborate on details of your statement? Like why in your opinion is the flip rehab nicer?

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Phoenix, Arizona

Quote from @David Garner:

Quote from @Edmond Thorpe:

I recently have went back to the very beginning of the Bigger Pockets podcasts. With all the information, I believe that I would like to start executing the BRRRR Method. So I was wondering if there are any big differences between the standard Fix & Flip method, compared to the BRRRR Method? Any information will be a great help.

Hey Edmond... well done on making a choice and taking positive action! In my experience, operationally speaking at least, the main differences will be the type of house and location you buy, amd the level of rehab you do. In my market, some streets are Flips streets, amd some are rental streets.

You might find small starter homes are in high demand from buyers, while big 4 bed houses are great rentals, all in the same area.

Buy what's right for the local marker and your plan.

Good luck,

DG

Thank you for the perspective check. I didn't even consider those when narrowing down which process I want to learn first.

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Phoenix, Arizona

Quote from @Benjamin Fritz:

Besides the obvious BRRR(long term hold) and Flip(short term hold)? Do you get how the two are different? I buy a BRRR when I know I can fix it up and refi it and pull my money out, and on top of that I want to keep the house because it is in a good area. But maybe the Flip house I fix it up(same as BRRR) and I need to sell it for me to reclaim my money or maybe I don't want to own in that area. There are many things to consider when deciding which method to do, or which method would even work. Does that help?

It does. Thank you for clearing up some of the necessary details for me.

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Phoenix, Arizona

1 Vote

Phoenix, Arizona

Hello, my name is Edmond Thorpe. Just recently have I started listening to Bigger Pockets. I live in Phoenix, AZ and am looking to get any and all information on any local RIA meetings or networking opportunities. Don't hesitate to reach out to me or to give me pointers on other useful info. Especially since I'm a newbie in the Real Estate field. Thanks and look forward to talk to you all soon.

1 Vote

All Forum Posts by: Edmond Thorpe

Edmond Thorpe has started 2 posts and replied 9 times.

Post: Differences between Fix & Flip vs BRRRR Method

Post: Differences between Fix & Flip vs BRRRR Method

Post: Differences between Fix & Flip vs BRRRR Method

Post: Differences between Fix & Flip vs BRRRR Method

Post: Differences between Fix & Flip vs BRRRR Method

Post: Differences between Fix & Flip vs BRRRR Method

Post: Differences between Fix & Flip vs BRRRR Method

Post: Differences between Fix & Flip vs BRRRR Method

Post: Looking to Network in the greater Phoenix area