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BRRR Method
Yes, I'm familiar with the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), especially in the context of buying foreclosed properties. The BRRRR strategy can be a highly effective way to build a real estate portfolio, particularly with distressed or foreclosed properties that are often priced below market value.
Pros:
- Lower Purchase Price: Foreclosed properties typically sell for less, which increases your potential for equity after renovations.
- Forced Appreciation: ...
2 months ago
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Skip Traces
Skip tracing can be an extremely useful tool when you're trying to locate the owner of a property you're interested in bidding on, especially if the property is vacant or if the owner has been hard to reach.
Why Skip Tracing is Useful:
- Finding Current Contact Information: Owners of distressed or foreclosed properties often change addresses or phone numbers, making them difficult to contact through traditional means. Skip tracing can help you find updated contact details.
- Identifyin...
2 months ago