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All Forum Posts by: Mohamed Barry

Mohamed Barry has started 2 posts and replied 2 times.

Post: Fairbanks Alaska Airbnb

Mohamed Barry
Posted
  • Posts 2
  • Votes 0

Hi all, I am looking to connect with people who have short term rentals in downtown Fairbanks area. I would love to get an assessment of the market. It seems that there are opportunities both in the winter and the summer, but would love to hear from those who have experience in the area. Thank you. 

Post: The B in BRRRR

Mohamed Barry
Posted
  • Posts 2
  • Votes 0

Hi all, I've recently started reading the BRRRR book. Is the B(BUY), and the whole strategy premised on buying the first property out right without taking out a loan? Then later taken that equity to get a loan/refinance for the next property? I'm very green to investing-I plan on buying my first property by 3-2023. It seems that BRRRR is not a viable strategy for someone who is trying to put 20 percent down on a home, but maybe a viable strategy once you have enough equity-is that correct? Thanks