What Is the BRRRR Method?
BRRRR stands for “buy, rehab, rent, refinance, repeat.” It’s a great way to build up a substantial real-estate portfolio. Buy The first step to BRRRR is to buy a property. But not just any property will work, and you can’t enter into a contract lightly. You must be certain that: The property is a good value, and you can afford it. When repairs are complete, you’ll have significant equity to tap. You can generate strong cash flows from rental income. Rehab Rehabbing is the first “R” in the BRRRR method. Although HGTV makes it look easy to rehab a property, it’s actually a lot of hard work. You’ll need a great eye for detail, a talented crew, and a good sense of what changes will improve your property value versus what will simply make it look nice. Rent Step three, or the second “R” in the BRRRR method, is to rent out your now-completed rehabbed property to someone who will take care of it. This means choosing a great renter who won’t let you down. A strong rental history for your pro
