{"id":1104,"date":"2024-07-18T16:04:27","date_gmt":"2024-07-18T16:04:27","guid":{"rendered":"http:\/\/folster.me\/?p=1104"},"modified":"2024-07-22T04:44:24","modified_gmt":"2024-07-22T04:44:24","slug":"what-is-the-brrrr-method-how-does-it-work-in-real-estate","status":"publish","type":"post","link":"http:\/\/folster.me\/index.php\/2024\/07\/18\/what-is-the-brrrr-method-how-does-it-work-in-real-estate\/","title":{"rendered":"What Is the BRRRR Method & How Does It Work in Real Estate?"},"content":{"rendered":"
What does BRRRR mean? Hint: it does not mean you’re cold\u2014it means your real estate game is heating up!<\/em> If you\u2019re just getting started as an investor, the BRRRR method might be your best friend. It\u2019s a well-defined, tried-and-true investment strategy that offers the best opportunity to build passive income through real estate. Since BRRRR is a pretty lengthy acronym, I\u2019ll walk you through the step-by-step instructions to understand what it means and how to use the BRRRR strategy.<\/p>\n \u201cBRRRR\u201d is an acronym for buy, repair, rent, refinance, and repeat<\/strong>. It can be done by anyone who can purchase a property, allowing investors to build equity immediately after renovating or repairing it by doing a cash-out refinance. Plus, the exact process can be repeated over and over, massively increasing your equity and investment portfolio.<\/p>\n The price of rent has jumped 30.4% nationwide<\/a> between 2019 and 2023, so renting out a property is likely to be profitable. However, learning as much as possible before diving into any real estate investing strategy is always important. To find out if BRRRR is right for your next project, check out Kiavi\u2019s<\/a> free Breaking Down BRRRR e-book below. It covers the method\u2019s pros and cons, tips for getting the right loan for your project, and even the best home rehab trends to attract high-income tenants.<\/p>\n <\/p>\n Let\u2019s take a closer look at the BRRRR, meaning going through it step-by-step. While the process is relatively simple in theory, finding the right property, renovating, financing, and managing a rental can be challenging\u2014even for experienced real estate professionals. Let\u2019s dig into each part.<\/p>\nWhat Is the BRRRR Method?<\/h2>\n
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How to Use the BRRRR Method<\/h2>\n
1. Buy<\/h3>\n