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24 January 2025 | 0 replies
The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.
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31 January 2025 | 2 replies
That was an excellent non-answer to my question, Skyler. hihi :)No they are not all the same. some are only interested in dealing with conventional purchases other are as you say better at handling assignments or double closes, some are commercial specialty, etc....A investor friendly one would be, at least from my point of view, one that understands there may need to be some last minute wheeling, dealing, and adjustment made to close a deal, understand what needs to be done and do not freak out about creative deals.Maybe my understanding or thoughts are wrong but that's what I meant by investor friendlyregards :)
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3 February 2025 | 3 replies
Purchase price: $137,000 Cash invested: $90,000 Sale price: $285,000 This was a single family home in Bates Hendricks.
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1 February 2025 | 19 replies
For my clients, I like Easy Streets bridge purchase and STR DSCR programs.
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2 January 2025 | 53 replies
.: @Chris Berry Yes, it was purchased from CR of Maryland.
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29 January 2025 | 7 replies
The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.
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1 January 2025 | 12 replies
Unit 3 trips a breaker and wants to reset it but the breaker box is in unit 1 and they're on vacation...
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24 January 2025 | 8 replies
Delavan has come a LONG way recently and prices are shooting though the roof both for rents and to purchase.
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5 February 2025 | 9 replies
Other insights to be gleaned from the stats: Cash purchases dominate more than ever, representing over 62% of purchases.
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7 February 2025 | 5 replies
I’m getting re-acquainted with the BP community after purchasing my first house hack in the Pittsburgh area, and would love to make some connections with other like-minded young professionals and investors in the area.And if there’s anyone out there who’s just getting started and looking to make the jump to buy their first property, I’d love to offer up advice, share my network of contractors in the area, and answer any questions that I can from my experience over the last 6 months!