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How to Use the BRRRR Method to “Invest on Repeat”

How to Use the BRRRR Method to “Invest on Repeat”

FromBiggerPockets Real Estate Podcast


How to Use the BRRRR Method to “Invest on Repeat”

FromBiggerPockets Real Estate Podcast

ratings:
Length:
43 minutes
Released:
May 30, 2024
Format:
Podcast episode

Description

Want to reach financial freedom faster? The BRRRR method is how you do it. Seriously—the BRRRR strategy is almost too good to be true, which is why so many real estate investors use it as the stepping stone to start building wealth. In short, the BRRRR (buy, rehab, rent, refinance, repeat) method allows you to reuse and recycle your money repeatedly, turning one sum of cash into multiple investment properties or an entire portfolio! This allows you to build your real estate portfolio faster WITHOUT having to wait around to save up tons of capital to invest.

But how do you use the BRRRR method to build wealth, passive income, and financial freedom? We’ve got a financially free investor, Dave Meyer, on the show to walk through the three steps of completing a BRRRR real estate deal. From finding the properties to analyzing them for maximum profit potential and refinancing to get your money back out, these are the steps a beginner needs to take to do their first BRRRR deal. Plus, we’ll even show you a tool that runs the numbers for you in just minutes so you can get your first or next investment property even faster!

Want to do BRRRR deals like the pros? Sign up for BiggerPockets Pro to unlock unlimited BRRRR calculator usage and access all the elite investor tools by using code “BUYPOD24” at checkout. Plus, you’ll score a sweet discount and over a thousand dollars in bonuses! 

In This Episode We Cover
The BRRRR method explained and how to use it to “invest on repeat” 
Why BRRRR may be one of the best ways to reach financial freedom FAST
The risks of the BRRRR method (and easy ways to get around them)
How to find perfect properties for the BRRRR method (and Dave’s favorite way to find deals)
Analyzing a BRRRR deal from start to finish (in just minutes!) with the BRRRR calculator 
How to get funding for your first or next BRRRR deal with these investor-friendly lenders 
And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number
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Released:
May 30, 2024
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.