Using the BRRRR Method in Short Term Rentals with Cam Snyder

What this episode covers

The BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat) 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 Repair 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.  Tune in and learn!  Timestamps for the key highlights in the episode [02:16] Meet our guest; Cam Snyder, and know where she is located [02:52] How she got into the STR business [06:05] Challenges she encountered with contractors in the house flipping business   and how she navigated them [08:05] Cam’s 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 [29:59] The lightning round: Where is your favorite place to vacation?   What’s one place you’ve never been to that you want to visit?   What’s one thing you know now that you wished you knew when you started out in the short-term rental business?  What’s the best piece of advice you’ve ever been given? What’s one thing and/or person that you are grateful for today?  [33:57] How to link with Cam Snyder   Notable Quotes “Look at the upside, look at the downside, and can you deal with the downside?” [32:39]      Love the show? Subscribe, Rate, Review, Like, and Share! Let’s Connect! Follow Cam Snyder on; Facebook: https://www.facebook.com/CameronCastillo/ LinkedIn: https://www.linkedin.com/in/cameron-snyder-a7b99ba/ Follow Stacey St. John on; ●  Website: https://staceystjohn.com/ ●  Facebook: https://web.facebook.com/groups/911671659592801?_rdc=1&_rdr

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