Published November 7, 2022
BRRRR! Method to Invest in Real Estate
Ever heard of the BRRRR method?!
Buy
Rehab
Rent
Refinance
Repeat
It is an investment strategy that’s designed for flipping distressed property, renting it out, then cash-out refinancing it to fund future investments. It can be a smart and savvy way to build your rental portfolio and enjoy some not-too-shabby income.
This weekend as I was listening to my usual podcasts, I stumbled upon a Dave Ramsey, Everyday Millionaire episode that discussed this exact topic. As Dave spoke about how he got started in real estate investments, he gave the advice to find a distressed property that needed some TLC. By searching for a distressed, or semi-distressed, property you are also looking for a deal. If you can find a seller who is motivated to sell and realizes that their property needs some work, you will have leverage in your negotiations and you will have probably found yourself the perfect investment property. Using the Buy, Rehab, Rent, Refinance, and Repeat method you can build your real estate portfolio with homes that should give you a great return on your investment.
Wondering how to get started? We would be happy to help you start your investment process! This is something that our team has a passion for. We truly enjoy helping others reach their real estate goals.
It is so easy to fall into the false belief that you must be born into a family who knows how to invest for you to learn the process and best methods for investing in real estate. We are proof that this is not true, you can learn how to grow your wealth even if you are the first in your family to do it! Give us a call today and let us get you on your way to meeting your real estate goals!
