All Forum Posts by: Tim Richardson

Hi everyone. I have come across some information about the BRRRR strategy. The problem is, I live in a low cash-flow area (near Portland, Oregon). I have cash but want to end up with good cash flow in the end, which won't happen here very easily. Does anyone have experience working with anyone in good cash flow areas, or can recommend anyone who has helped with getting all the up-front cash back out at refinance time? Thanks!

I'm just getting into investing and am trying to find someone who can help me with the BRRRR strategy, in Indianapolis or otherwise. Anyone have any recommendations?

Thanks Jack. I won't be dependent on my rentals coming through every month either, as I have good income (although I would like to minimize vacancies). I'm just trying to maximize returns.

Thanks again. I keep hearing about the under market multifamily route so there must be something to that. Will definitely look more into that. 

Thanks for all the info everyone! Will definitely be looking to the BRRRR method. It was something I had been thinking about already but didn't know it had already been defined and laid out like that. I found an article Brandon Turner wrote about it last year that was very helpful. Just need to find the right markets to make the rental cashflow work. Wish me luck!

Thanks for the book recommendation - just ordered it and a few others. I was just about to enter the phase of managing the two other dentists I hired in my two clinics I got going, but had a falling out with my business partner. Now I'm selling for a nice lump of cash plus ongoing living expenses will be covered with the ongoing payout for 4 years. So I feel like maybe I should just make the jump now but am unsure if I can get my cash flow up to where it needs to be within that four years (it takes about $5000/month just to service my student loans since student loan interest is not tax deductible). Any suggestions on how to turn about $100,000 into 20k/month in 4 years?

Just joined BP and saw this. We used Lynne Gately with Re/Max for both purchase and sale of our home - she was awesome!!!

I only have a personal residence right now, but we do plan on moving out and renting it with good cash flow.

I'm am a pediatric dentist in my mid-30's that loves what I do but don't want to be tied to a dentist's schedule anymore. I am selling my three clinics and trying to decide if I want to do part-time pediatric dentistry and build another clinic to get business cash flow (but still be tied to a schedule somewhat) or make the jump fully into real estate investing. I love both (at least I think I will like real estate investing), but am at a crossroads. I'm looking for some real-world inspiration to help me decide which direction I want to go.

First question - how do you copy the @name into the reply? Very convenient.

Over here in western Oregon, renting SFR does not have great cash flow like what I've heard from other markets. We have a steady flow of Californians moving up to raise our home prices.

I was thinking of establishing a relationship and partnering with someone in markets with better cash flow, and Ohio has actually come up suite a bit, as well as Indianapolis, Memphis, Pittsburgh and Kansas City areas.

As a game plan I think it would be great to do flips close to home, then buy and hold in better cash flow markets (once I'm comfortable flipping of course, probably after I find  a local experienced contractor).

But this multi family approach seems enticing too, maybe can get better cash flow as compared to SFR. Especially being able to get some experience under my belt.

Adam, do you know anyone helping people do cash purchases, fix ups, renting, then financing to get all the cash back out in your parts?