556: The Most Feared BRRRR Step (and How to Get Over It) | Coaching Calls
If you’re rehabbing a rental, performing a BRRRR, building an ADU, or even getting into new construction, now is a challenging time for you. With supply chain problems, limited materials, and all-time high housing prices, contractors are in low supply. Even when you do schedule a project, the likelihood of your contractors showing up on time can be slim at best.
David Greene is back with another round of coaching calls to give his take on this current contractor crisis, as well as answer questions on the BRRRR strategy, the turnkey rental method, going over budget, and how to stay focused when investing. If you’ve struggled at all with anything related to calculating rehab budgets, liens on properties, and managing contractors yourself, be sure to write down David’s suggestions.
Have a question about real estate investing you want to ask David? Want to help other investors in your position? Submit your question here!
In This Episode We Cover:
Whether or not the turnkey rental model is built to scale your portfolio
Why capital is crucial when investing in real estate over the long-term
Breaking down the BRRRR strategy and walking through the more difficult steps
What to do if your rehab job goes over budget (and how to make it a win!)
Backing out of a contract when a lien has been placed against a home
Where (and how) to find reasonable, timely, and available contractors
And So Much More!
Links from the Show
Submit Your Questions to David
Check the full show notes here: https://biggerpockets.com/show556
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