Originally posted by @Holly Smith:
@Omni Casey I love your story and taking the time to share! The BRRRR method is hopefully my next and sometimes it can be confusing how to be able to maximize it but I really enjoy the challenge and look forward to it. I also hope to do out of state in Mobile Alabama where I have another small SFH investment but seems like cash offers to start are the best and hard to find on MLS if far away. Still not impossible! These examples help tremendously. I love passion you have and are surely a nature teacher! Thank you!
Holly, thank you for your kind words. Yes BRRRRs are not ever deal. They are my preferred deal but some properties make sense as flips and not BRRRRs because the ARV might be good enough to pull the cash back out, but the renal return may not be enough to cover the expenses. Some properties may only work as regular rentals because the rent vs expense return is good, but you will not be able to raise the ARV enough. Out of the 38 purchases that we made this year, less then one third were BRRRR properties...but they are out there! Good luck!
