Some people will tell you to just get hard money and if you can’t wholesale it, just flip it at retail But in my experience, if you do not have your own guys on your payrolll for the rehab and you have to pay a general contractor retail for a rehab, plus the hard money costs, plus the selling costs.....I think you will be hard pressed to make money ( or maybe I should say you will be hard pressed to make enough money to make this sustainable).

My current strategy has been simply buy and hold rentals, but I’m very intrigued by what I’m learning about the BRRRR method.I have what may be a silly question, but I’m wondering if the BRRRR strategy is sustainable during a market correction or market crash.The key element being the ability to refinance, wouldn’t it be much more difficult to refinance, and get the ARV and rates needed to make this a profitable strategy during a correction/crash?

It starts off as a good thing, but it can not be sustained and I think that is the problem that Josh is alluding to as hurting you in the end.

I find it helpful to think of it similar to sustaining capital - you invest money back into your property replacing items like roofs, furnaces, etc to keep your investment alive and healthy and keep maintenance to a minimum.

Then again, there's the question of tenant sustainability, if you're looking at holding the property.

We are open to multi-family homes, SFRs, and other sustainable rental investments around Louisville providing they are in a relatively safe location.

The prices and cashflow analysis in my market don't make much sense to me, but I'm a bit intimidated on having my first property out of arms reach.Technically my first property was out of country (Nicaragua), but my sustained REI career started with my first properties (and most of them now) being out of state.

Some are paid memberships and also sell products/services at some of their meetings.Try them all and see which resonates with you.

Then the company got even stricter with our buyer's criteria, and pushed our closing dates really far back (over 2 months until we could close on a potential property) and I knew that this wasn't sustainable.

Though I don’t focus on STRs in general, this seems like the margins are too thing to make a sustainable and scalable business out of.