Wondering how to make money in real estate? Looking for the best real estate investing strategy for beginners?
How about the BRRR strategy?
What is the BRRRR method in real estate?
– B stands for buy– R stands for rehab– R stands for rent– R stands for refinance– R stands for repeat
The BRRRR strategy is a combination of flipping and investing in rental properties. It consists of buying a distressed property, fixing it up, renting it out to tenants, refinancing it in 6-12 months, and buying a new investment property with the money from the first one.
The BRRRR method has many pros: 1. You can build your real estate investment portfolio quickly. You can add a new income property to your portfolio every 6-12 months. 2. You can make money from forced appreciation. The value of your investment property will appreciate as soon as you’re done with the rehabbing. 3. You need to pay out of your …