All Forum Posts by: Jose Grimaldo

I personally have gone away from BRRRR, I think it is amazing, however, it's time to pivot. I invest in Lubbock and gravitate towards turn in key properties. Lubbock's avg sales price is $255k, we saw tremendous growth over the last two years.

Hey Jose! BRRRR is essentially like flipping a property but instead of selling it you rent it, refinance to get some or all your money out of the deal. Then repeat! I have never done it myself but believe it's a great strategy if it works in your market! I've been reading the BRRRR book by David Greene. Its so informational! Check it out and goodluck!

The BRRRR is one of those strategies that sounds cool and attractive, but it is MUCH easier said than done.

It's possible the numbers won't work in your market, which means you need to start looking in other markets, which is not something I would recommend for a new investor.

I don't know anything about where you live in Lubbock Texas but google says the average home price is $196k. That tells me that a BRRRR strategy might work out there which is promising. But only if you're not going to be up against a dozen other cash investors on every value add deal in town.

As others have suggested, get educated first. Then start studying deals in your town to see if they pencil out.

Hey Jose! So I highly recommend digging into the process of a BRRRR and what it means. There is tons of content on YouTube about it. But essentially its just a fancy way of say improving a run down property and doing a cash out refinance on the new value of the property. I know you're saying you are getting a good deal on the property, but I would run the numbers on it to make sure it makes sense as an investment. Hope this helps!