Many people did that during the pandemic and most buyers in Tulum buy pre-construction.

Originally posted by @Chris McIntosh:@Mary Lopez I helped a California buyer purchase a 70-unit multifamily in Columbus, OH last year so it can be done. 

Moreover, wholesalers have cultivated lists of retail cash buyers who don't need the type of value-add opportunity you would to BRRR.Bottom line is that you can BRRR anywhere just like you can make money in real estate in any market. 

@Kent Ford Yes, Texas is very good for first time home buyers.

Many buyers/investors are using this strategy to invest in real estate.- get into real estate with a lower rate and lesser percentage down payment.

The advice is to not dismiss an attractive location just because it doesn't cash flow $x dollars or CoC isn't X%.

Quote from @Chris Seveney: @Zach EdelmanBe clear BP does not recommend companies - companies pay to advertise on BP and while BP I assume vets them - it’s still buyer bewareI am not an employee of BP but I want people to understand on BP and on most sites there are sponsors and affiliates but they may not be thoroughly vetted.

That's the only way this would work for you and the seller unless a cash buyer comes along which is unlikely at $93k/door.

However, I cannot speak to apartments, as this depends on the individual complex.Additionally, we are finding a small number of properties for sale where the seller is willing to contribute to the buyer's closing costs.

When the transaction closes, the purchase is funded, and we set aside additional funds in an escrow account to pay predetermined professionals to make any required or desired repairs or upgrades to a property AFTER the buyers settle on the purchase transaction.