Here’s three things to remember when implementing the BRRRR strategy.
Just like flipping houses, we need to be buying the property exceptionally well, It needs to be under market value.
Ideally, we want to be adding value through the renovation.
We want to be buying each property in a separate trust. We don’t want to have the properties in the same trust or in your own as this will most likely effect serviceability & increase risk.
Ideally, we want the properties we’re buying to be neutrally geared or even better, positively geared. Again, this is to help with borrowing capacity.
