MARCH 14, 2023
#19: Using the BRRRR Method in Short Term Rentals with Cam Synder
Are you looking for a way to make more money from your real estate investments? Well, listen up! I am about to share with you the secret of the BRRRR Method.
The BRRRR Method is a real estate investing strategy where you purchase an undervalued or distressed property, fix it up, rent it for some time, refinance it to purchase a second investment property, and repeat the cycle. The BRRRR Method enables investors to make money on their investments by taking advantage of the value of properties after repair.
In this episode, I sit down with Cam Snyder, and she shares her first experience with the BRRRR strategy in the short-term rental space, how the BRRRR method works with the STR model, and how to determine the ARV (after repaired value).
Additionally, she discusses how she navigated the challenges she encountered in the house-flipping business and shares tips for navigating business partnerships with family members.
Highlights and Key Points:
[06:05] Challenges Cam’s encountered with contractors in the house flipping business and how she navigated them
[08:05] Her first experience with the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy in the short-term rental space
[11:07] How the BRRRR method works with the STR model
[15:27] How she determines the ARV (After Repair Value)
[20:41] Tips for navigating business partnerships with family members
[24:22] The current project she is working on with her brother in law
[25:55] How she navigated the stress of managing her properties
“Look at the upside, look at the downside, and can you deal with the downside?”- Cam Synder
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