Examples To Learn How To Do The BRRRR Method
The BRRRR method is a strategy used by “Buy & Hold” investors.
What Does BRRRR Method Stand For?
BRRRR is an acronym that stands for Buy, Repair, Rent, Refinance, and Repeat (others call it Buy, Rehab, Rent, Refinance, Repeat).
What Kind Of Properties Are Best For The BRRRR Method?
Undervalued or distressed properties are ideal for this strategy.
Let me show you how to do the BRRRR Method
First Step: Buy Rehab Property
If you don’t have enough cash to make a full cash offer, there are several ways to still invest with no money.
Second Step: Rehab Property
In this phase, improvements are made to the property to increase the market value of the property.
Third Step: Rent Property
After an investor makes improvements, they can market the property to potential tenants.
Fourth Step: Refinance Property
Some banks require that you hold a property for at least a couple of months before you can refinance with them
Step Five: Repeat
The last phase of the BRRRR method is “Repeat.”
There is a saying among real estate investors that you make your money going in! The BRRRR strategy is a great way to scale your real estate investing strategy.