While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.

We're largely looking at value add projects (aka BRRRR **cringe**) so that the vast majority of capital is coming out once a refi is done.Not vanilla, obviously.

Because a large percentage of the charges are base fees that do not change based on use!

So, this really is a large portion of the tenant population whether its issues like this or others. 

It’s awesome to hear about your interest in investing in the OKC market—it’s a vibrant area with excellent long-term growth potential.

.- Tenant takes care of most of the fixes and repairs for the property, except for large ticket items that should have been taken care of before the tenant occupied the property.

Hello Preston,Thanks for the advice and valuable website.

Here’s the bottom line; unless the deal is VERY large, or the sponsor is going to syndicate a large number of deals, the investor will make more money purchasing the property theirselves with a option low to moderate interest rate loan.  

Many investors are growing their brand and their online presence and this can be the bane of our existence if it's not something we excel at.

Competing with Experienced ProfessionalsNew agents may feel overwhelmed by more established competitors in the industry.Solution: Focus on your unique strengths, provide excellent customer service, and embrace modern technology to differentiate yourself.The challenges of being a new realtor or investor are real, but they’re not insurmountable.