It may be easy to puzzle with a sound you make when the temperatures drop outside, however this a little strange acronym has absolutely nothing to do with winter season weather. BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. This technique has actually gotten rather a bit of traction and appeal in the property community over the last few years, and can be a clever way to make passive earnings or develop an extensive investment portfolio.
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While the BRRRR approach has a number of actions and has been refined for many years, the concepts behind it - to purchase a residential or commercial property at a low cost and increase its value to develop equity and increase capital - is nothing new. However, you'll wish to think about each step and comprehend the downsides of this method before you dive in and commit to it.
Advantages and disadvantages of BRRRR
Like any earnings stream, there are benefits and disadvantages to be familiar with with the BRRRR approach.
Potential to make a considerable amount of cash
Provided that you're able to purchase a residential or commercial property at a low enough rate and that the value of the home boosts after you rent it out, you can make back far more than you take into it.
Ongoing, passive income source
The main appeal of the BRRRR approach is that it can be a fairly passive income source
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Beginners' Guide To BRRRR Real Estate Investing
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