Many have concluded that the BRRRR strategy simply doesn’t work right now, and I tend to agree. But we and many others still have a lot of rentals, and it’s getting harder and harder to keep them cash flowing.
So let’s dive into some of the best ways to ensure they do keep cash flowing, even in this very challenging environment. We’ll start by looking at ways to cut operating costs.
First up is debt service.
Reamortizing Loans as They Renew at Higher Rates
When interest rates shot up in mid-2022, there were many doomsayers who thought the market was going to collapse. This thought was based on a fundamental misunderstanding of the situation, given the low-interest, fixed loans that every homeowner had put no downward pressure on prices.
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