What is the BRRR Strategy?

The BRRRR strategy is a great way to get started in real estate investing, and it can be very profitable if done correctly. In this blog post, we will discuss the BRRRR Strategy in detail and show you how to get started!

The BRRRR Strategy is broken down into four steps:

– Buy: This step involves finding a property that meets your criteria and making an offer.

– Rehab: This step involves fixing up the property to improve the property’s value and make it rent ready for tenants.

– Rent: This step involves finding tenants and collecting rent payments.

-Refinance: This step involves a cash-out refinance. A cash out refinance replaces your existing mortgage with a larger one, allowing you access the equity you created by rehabbing the property.

– Repeat: This step involves repeating the process and reinvesting the proceeds from the cash out refinance into new properties.

So, how do you get started with the BRRRR Strategy? The first thing you need to do is find a property that meets your criteria. You can do this by searching for properties online or by contacting a real estate agent. Once you find a property that meets your needs, make an offer and wait for the seller to respond. If the seller accepts your offer, congratulations! You have just bought your first property.

Now it’s time to rehab the property so that it is ready for tenants. This step involves fixing up the property so that it is in good condition, making any necessary repairs, and adding any finishing touches that are needed. You can do this yourself or hire a contractor to do it for you. Once the rehab is complete, you’ll market the property online for rent. Once you’ve found a tenant to occupy the property, it’s time to come to us for a cash out refinance.

You’ll need to fulfill a number of conditions while applying for a cash-out refinance. You’ll need to satisfy a minimum credit score requirement (typically around 620 for a cash-out refinance), know what the value of the property is, as well as the income and expenses. Before you may apply for a cash-out refinancing, you might also be required to have the tenant in place for a certain period of time. Keep in mind that you’ll also need an appraisal and there may be additional fees, including closing costs, that you’ll need to pay to do the loan.

Repeat the process. Once you have refinanced the property, it’s time to start flipping and renting out new properties. reinvest your profits into new properties and watch your portfolio grow!

The BRRRR Strategy is a great way to get started in real estate investing. It’s simple to understand and can be very profitable if done correctly. So, what are you waiting for? Start using the BRRRR Strategy by contacting us today!