All Forum Posts by: Pablo Davidov

Initial disclaimer: my knowledge about BRRRR is purely theoretical. Although I have studied the strategy extensively, I have not yet done my first BRRRR deal, and the purpose of this post is to get insights from fellow BP members who have actually done one or several BRRRR deals.

I feel I have a pretty good understanding in general, and how to analyze the numbers, and which numbers need to be reached in order for it to be considered a successful deal. My question has to do with time itself, and I haven't found many videos, podcasts, or articles that discuss the time element. 

The 2 biggest unknowns for me are related to the Rehab and Refi steps. I believe that the Refi may be the easiest to answer, as I have heard a couple of comments that it may take anywhere from 12 to 18 months after purchase to get the loan refinanced due to a practice called "seasoning" by the banks I believe, but correct me if I am wrong. Please let me know what your experience has been as far as how fast you have been able to refinance.

The second time unknown is the Rehab step, which I understand depends highly on the number of repairs, the complexity of the repairs, and size of the property. Regardless of the amount, I have to imagine that it would take anywhere from 1 to 6 months to get it done. During those months, the cash flow will actually be negative. That is the one thing, that I haven't heard being discussed in any of the content I have been studying and the BRRRR calculator doesn't take into account. I understand that in the long run, the investment is more than worth it, but it would nice to have a more accurate way of making projections.

Am I completely off the mark in considering these factors or is it something other BP brothers and sisters have thought of? Any insights would be greatly appreciated. Thanks in advance. 

Thank you @James Wise I appreciate it. I'll check out your podcast.

Thank you @Anthoney Hanks, very much appreciate your warm welcome.

Hi @Jason Perez seems like we have a few things in common. We both grew up in Broward county, and we both went to "the U". I've also recently started interacting here on the forums at BP. I happen to be a realtor for Sotheby's International Realty here in Fort Lauderdale and I would be more than happy to help you on your home search. If you are still looking for a RE agent, I'll DM you my phone number so we can talk more about it.

The guys at Bigger Pockets ( @Brandon Turner, @David Greene, and others) opened my eyes after being blind for so many years. After consuming as much content as possible (YouTube videos, webinars, books, blog) I finally decided to join BP. Although as a realtor I focused on the South Florida luxury real estate market, I want to start investing in multi-family properties. I feel like I have a good multi-year plan in place and I am out to execute on that plan. I am convinced that being surrounded by rock stars like the BP members will only accelerate my path to success. I genuinely look forward to interacting with you, meeting some of the local members, and ultimately working on some deals together.

I absolutely welcome any piece of advice, suggestions, or stories that you may have to share with me. Until then, I wish everyone an amazing day! 

Thank you! I greatly appreciate it.

Hi @Maya Patterson, I live in West Broward and know NSU pretty well. Would love to connect with local like-minded people like you.