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Message
re: BRRRR Method
Posted on 1/17/24 at 6:27 pm to Jerrysworld
Posted on 1/17/24 at 6:27 pm to Jerrysworld
quote:
BRRRR Method
Got its arse blasted with high rates, especially if new to the game.
Real estate takes a sizeable amount of money to really get it rolling.
How much liquid do you have right now?
This post was edited on 1/17/24 at 6:30 pm
1
Posted on 1/17/24 at 7:20 pm to Billy Blanks
Isn’t working as well with high rates.
I’m trying to do it with one of my fix and flips and would potentially have to leave in $10k of equity. Not a big deal, but defeats the whole point of a brrrr.
Rates are coming down and now in the upper 7’s for some loans, but it will need to come down some more to be more favorable.
There are of course many outliers that still work cash flow wise though.
I’m trying to do it with one of my fix and flips and would potentially have to leave in $10k of equity. Not a big deal, but defeats the whole point of a brrrr.
Rates are coming down and now in the upper 7’s for some loans, but it will need to come down some more to be more favorable.
There are of course many outliers that still work cash flow wise though.
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