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All Forum Posts by: Sean Sheldon

Sean Sheldon has started 1 posts and replied 2 times.

Thanks for the great feedback and points. I will factor this feedback into my strategy. 

Jason D. John Warren

So I understand the process and am getting ready to start BRRRing in my area. I am trying to think ahead and understand most of the process. The only thing I don't think I have read about is after you refinance and move on to next property. You have accomplished your goal if you have been able to rehab and refinance to pull out the equity, your house has cash flow and great renters and you have cash in theory. So lets say your house increases in value a couple years down the road and a buyer comes along. That is great but rewind to the rehab and if you look up information about renting vs flipping and they have different ideas on what a good ROI would be to spend your money on. For example, kitchen counter-tops may not be a good investment for rental property but for a flip it would be. So since this is a cross breed strategy in essence, wouldn't it be better to put in the better counter-top because you will pull that out on the sell years later, and also the renter would have the enjoyment of a nice counter-top while living there? So I am a little confused on the balance between flip and rental because the BRRR is both essentially. Thanks for any advice from experienced BRRR folks.