Looking to Buy BRRR Property?

If you have been in the real estate investing space for any amount of time, you’ve probably heard about BRRR investing. We are lucky that the Oklahoma City market still has solid options for buyers that would like to put in some work and capture a some equity on their investments. Is it easy? No! But it can definitely be done!

So what is a BRRR property? In a nutshell, it’s a distressed property that you buy, renovate, rent out and then refinance to capture that new equity.

Think of it like a flip, except in the end instead of selling the property you keep it and rent it out.

Here are a few common questions we get about the BRRR process:

• Can I work with a Realtor or real estate agent with a BRRR deal?

  Yes! We can help with all aspects of your BRRR transaction from bringing you the deal, helping with sales/rental comps, coordinating inspections/closings and referring you to fantastic contractors and property managers.

• How do I know what work will need to be done?

  We recommend having a professional home inspector complete an inspection prior to closing. They will give you an idea of any significant issues that will need to be addressed. We can work with you and your contractor to help you make renovation decisions to maximize your return.

• Can you refer me to a contractor or banker?
  Absolutely! We have contractor recommendations that specialize in investment properties. We also have multiple banks and mortgage brokers that have fantastic options for investors on both the purchase and the refinance side of things.

• Do you have a hard money lender or bank that will lend on the purchase?

  Of course! There are several local banks and hard money lenders that can loan based on appraised value or after repair value rather than traditional 20% down payment options that are common for investment properties.
  
  I’m in! What do I need to do to get more information on these types of deals?
  Comment on this post or email us at ax.cassi.justiz@gmail.com