BiggerPockets | The BRRRR Method for Beginners (FULL BRRRR Strategy Walkthrough) @biggerpockets | Uploaded May 2024 | Updated October 2024, 17 hours ago.
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: biggerpockets.com/membership-types?utm_source=owned_media
~~~~
Join BiggerPockets for FREE 👇
biggerpockets.com/signup?utm_source=owned_media
~~~~
Expand Your Investing Knowledge With the BiggerPockets Books:
store.biggerpockets.com/?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
~~~~
Property Manager Finder:
biggerpockets.com/findapm
~~~~
BiggerPockets Tools Used in Today’s Episode:
BiggerPockets Listings: biggerpockets.com/real-estate-listings?utm_source=youtube&utm_medium=description&utm_campaign=none
BRRRR Calculator: biggerpockets.com/brrrr-calculator?utm_source=youtube&utm_medium=description&utm_campaign=none
Rent Estimator: biggerpockets.com/insights/property-searches/new?utm_source=owned_media
~~~~
Grab the BRRRR Book:
store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media
~~~~
Pick Up Dave’s BiggerPockets Books:
Real Estate by the Numbers: store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none
Start with Strategy: store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Hear Dave on The “On the Market” Podcast:
link.chtbl.com/OTM
~~~~
Watch Dave on the “On The Market” YouTube Channel:
youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
~~~~
Connect with Dave:
BiggerPockets: biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or instagram.com/thedatadeli
Show notes at: link.chtbl.com/BPRE
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: biggerpockets.com/membership-types?utm_source=owned_media
~~~~
Join BiggerPockets for FREE 👇
biggerpockets.com/signup?utm_source=owned_media
~~~~
Expand Your Investing Knowledge With the BiggerPockets Books:
store.biggerpockets.com/?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
~~~~
Property Manager Finder:
biggerpockets.com/findapm
~~~~
BiggerPockets Tools Used in Today’s Episode:
BiggerPockets Listings: biggerpockets.com/real-estate-listings?utm_source=youtube&utm_medium=description&utm_campaign=none
BRRRR Calculator: biggerpockets.com/brrrr-calculator?utm_source=youtube&utm_medium=description&utm_campaign=none
Rent Estimator: biggerpockets.com/insights/property-searches/new?utm_source=owned_media
~~~~
Grab the BRRRR Book:
store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media
~~~~
Pick Up Dave’s BiggerPockets Books:
Real Estate by the Numbers: store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none
Start with Strategy: store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Hear Dave on The “On the Market” Podcast:
link.chtbl.com/OTM
~~~~
Watch Dave on the “On The Market” YouTube Channel:
youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
~~~~
Connect with Dave:
BiggerPockets: biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or instagram.com/thedatadeli
Show notes at: link.chtbl.com/BPRE
