The BRRRR Method for Beginners (FULL BRRRR Strategy Walkthrough)
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- Опубліковано 2 гру 2024
- 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 “BUY24” at checkout. Plus, you’ll score a sweet discount and over a thousand dollars in bonuses: www.biggerpock...
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Property Manager Finder:
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BiggerPockets Tools Used in Today’s Episode:
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Connect with Dave:
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Instagram: @thedatadeli or / thedatadeli
Show notes at: link.chtbl.com...
Do it. BRRRR something. I used to love me some BRRRR. Now there are more real estate investors and less inventory = fighting over fixers and someone willing to pay too much. I need to pivot and maybe just accept partial cash out BRRRRs or something. I accept now that I'm not the guy to run a massive marketing campaign to find needle-in-a-haystack deals. And wholesalers shop their deals to repeat, very-high-networth buyers first and the deals I see from them never pencil out. Happy I had a small portfolio before price and interest rate inflation.
I find many good deals. Probate, driving for dollars, code violations etc. I only deal with off market properties. Great video, thanks.
Ah, the classic nine D's for Deals: Death, Divorce, Drugs, Delinquencies, Debt, Downsizing, Default, Disrepair, Distress.
Fantastic information that will change your life! He knows what he is talking about, but he is giving it all to you at once, your brain will be slammed! Slow it down for yourself, stop the tape, write some notes. Listen a 2nd time, a 3rd time until you can explain it to your realestate partner.
Can brrrr work with a HML to fund the purchase?
Do the bigger pockets calculators work in Canada ?
GOLD!!!
Love it
I just wasted 10 minutes inputting deal info for it to show a paywall and not let me advance to view the numbers. Biggerpockets is solely a business not informational.
Can't we be both? We put out 11 free podcasts a week, dozens of blog posts and tons of UA-cam content all for free -- and we think it's pretty great information. We also sell tools like our calculators that help investors accelerate their progress. Sorry if the paywall was unclear, but we think the calculators and other tools are well worth the price of the subscription.
238 Ayden Neck
I hate these videos that don’t get to the point
Dope
Good Hell, you realize your totally overwhelming the folks that need this. Toooo much. Break this video down into 5 parts. Add a (lets review what we just learned) 5min to all 5 parts. PART 6, do a vocabulary video. Roi what? Brrr huh? Your speaking a language amateurs have not learned yet.
Get it together boss, this is BIGGER POCKETS. Get your teaching degree.
I’m a noob and understood everything and didn’t think it was too fast or complicated. I’d be annoyed if it was slower/longer. Cheers
Are you slow?