Beginners Landlords Beware: The Dark Side of BRRR Strategy

The latest episode of the blast from the past series: Once a week we are reposting a video we have previously posted over the past 2 years that did not get the recognition it deserved. Hopefully this series will give new subscribers the chance to view some of our old content that is still very much relevant... Hope you enjoy!

🚀 LEARN HOW TO BE A PROFITABLE LANDLORD:
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#realestate #housingmarket #landlord

[RandyRossundercaste]

I've watched and listened to a lot of BiggerPockets content including the brrrr book and not once did they mention these kind of problems. At least that I've noticed. Thank you guys!

[lailaatallah]

Excellent content, guys! Love the detailed info and numbers. Helps enormously with understanding for us newbies.

[KidCity]

I bought my weird property in 2012 for 340k, I did renos to the commercial building then went to refi to get money for the house in the property. The bank hated it, wouldn't refi it. So I got private money. In 2018 I sold it for 2 million. Great learning experience all around.

[dillonmrose]

I'm on my maiden voyage as a BRRR in Tacoma. Remodel is 2.5x what we projected. Still making money but we shall see. BRRRs turn into decent cashflow if they don't go infinite so I'm still happy.

[dougkratz]

Great content, as per usual with you guys. Cant thank you all(Dion and MilMike too) enough for all you've taught me/us about real estate.

[TechInRealEstate]

Another GREAT content! cheers to both of you!

[pauljensen]

OH man Mike, I'm sorry about the appraisal. I've delt with that before also but it was only $450 so I redid it.

[Zukaarimoto]

This is good info to know as someone who’s interested in this business.

[keithboyer]

Matt.. what brand is the best electric powered tools for landscaping..🤑

[allisonquinteros]

This happened to me. I was expecting a solid $300k on 2 duplexes. They came back at $210k. Weirdly, the appraiser appraised a house I thought would be at $85k for $100k. It was all the same loan. I got about $50k less than what I wanted.

When my RE agent asked me the name of the appraiser, she said, “Uh-oh. You’re not going to be happy with the results.” She knew! 😂

I kind of think the appraiser hadn’t caught up to how quickly the market had changed in 2020/2021. He couldn’t believe the rents were of $3500 gross. But that’s where the market is now.

[AllNighterHeider]

Sooo.... become good friends with the areas appraiser's and get them a little tipsy before they appsaise my places? Gotcha
Thanks dudes

[JohnWilliams-njvl]

Buy, Rehab, Rent, Keep, Repeat The BRRKR method

[chriswebb]

This makes me want to become an appraiser, lol

[deezlweezl]

They aren't really held accountable for poor performance.