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re: BRRRR Method
Posted on 1/18/24 at 7:26 am to Jerrysworld
Posted on 1/18/24 at 7:26 am to Jerrysworld
It seems like right now buying to flip or rent just doesn’t make sense unless you can pay cash or find a unique situation. The cost of construction, cost of homes and cost to carry debt makes the margins razor thin unless you can ford to buy it outright. Depending on appreciation alone is great as long as your total cost to carry doesn’t create a cash drain. Also, home appreciation is a paper gain and useless until you sell the property or borrow against it.
Posted on 1/18/24 at 4:56 pm to SquatchDawg
The deals have dried up. It's all premium prices for real estate. People are buying rentals for the appreciation these days. It's a far cry from what we were able to do not that long ago.
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