All Forum Posts by: Jack Mawer

@Robert Finn is a BRRRR specialist and a fantastic realtor in the San Antonio market

Great read with very insightful commentary on the BRRRR process!

I would highly recommend having a trustworthy group of people in the area that can monitor progress for you and get you updates!

I do not think it is hibernating as much anymore. We have seen significant rate stabilization/decline over the most recent 60-day period - yes it might take more effort to find a property that will be a cash flowing machine with current rates but you can always refinance down the road. Marry the property and date the rate, best of luck! 

That is certainly not the case - I assume you have it figured out by now, but happy to chat about financing options if you are still interested! 

For downpayment funds, you could look into a HELOC on one of your other properties or look into private money. Most lenders will allow a HELOC for downpayment. In terms of cash flow, I would recommend looking at properties lower in value as often times high property values where rents do not follow end up being why some assets will not cash flow. Best of luck!

I would use resources such as Zillow to connect with realtors on properties that look like or are advertised as investment properties in your market

Hey Nicole! I agree with you that your odds of cash flowing are much better in Waco than Houston - curious if you are intending to rent this one out as a long term or short-term rental?

Even though rates have taken a hit over the course of the last six months, we have seen stabilization/decline over the last 60 days - it is definitely still possible to benefit from the BRRRR strategy. If you find an asset and can add significant value to it and then have run the numbers and it will still cash flow as a rental with today's rates, I would say go for it. Marry the property and date the rate and you can always refinance down the road.

I would be careful buying sight unseen, I would encourage you to at least visit and scope out properties and their respective neighborhoods- as Steve mentioned, make sure you have a group of people in the Cleveland area that you can rely on and trust to send you updates along the way