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We run a “BRRRR-centric” business which aims to acquire homes in undervalued neighborhoods and refurbish them to maximum quality and bedroom/bathroom capacity. We sign competitive lease agreements and use a combination of sales-based comps and cashflow analysis to appraise the homes at higher ARVs. Once rented, and after 3 months of seasoning, we utilize DSCR cash-out refinancing to place 75% LTV refinance liens on the property, with payments being covered by the rents.
