In a good economy, the BRRRR strategy has enabled probably thousands of people to leverage themselves into financial independence.I think less people have thought about what happens if the economy weakens substantially.A.  

I'm working on building an excel spreadsheet version of the BRRRR calculator which will enable me to run multiple scenarios of different down payments/purchase prices/interest rates/ARV's/etc to see what kind of numbers I'll get.

LTV - I’m indifferent on having equity, however, if I would of originated the note I would of looked to have at least a few thousand dollars as a DP for the homeowner to have some skin in the gameRate - 8 - 12%Term - Longer than 15 years and at time of acquisition no more than half of the way throughAs-is Value - greater than 50kMortgage PMT - greater than $400/monthLocation - In a populated city of 20,000 people or greater along with strong economics. 

Some people have a specific competitive advantage in their market which may enable them to pay at or above market rate while still hitting their return criteria.

I’m not going to enable someone like that with a place to stay.

Enabled it.

My dog goes with me (or enables me to go) almost everyplace.

Are lenders going to want to see a success track record or is it still the deal that enables the loan?

I put it in a PPT and will be showing them to the Board.I don't see anything at all in the covenants that entitles or enables them to do anything.

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