BRRRR is a strategy to buy distressed properties at a discount, renovate them, and refinance them based on the new value.

These bookings need to be from different guests (not the same guest back-to-back) and at full market price, as opposed to discounted stays for friends.2.

And a nice rehabbed cash flowing house with a new roof, hvac, driveway, LVP floors and updated kitchen and bathrooms.

We're a couple big manly men so we go upstairs and there's a couple bedrooms and a small bathroom, but it is crazy cold up here, like ten degrees colder than it is outside at least.

Additional question would be, can the SMLLC build the house at a discount (taking losses for the business)?

The key to a BRRRR is buying deeply discounted properties and/or adding significant value through renovation.

.: Anyone who wants to have a door or privacy curtain in a public bathroom stall is hiding something when they use bathroom.

If you know what you're doing it can be a good way to acquire discounted properties.

I have a couple timeshares i bought at a tremendous discount.

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!