What is the BRRRR Method and How Does it Work?

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The BRRRR method is one of the most popular real estate investing strategies being used today. It’s a way to acquire assets very rapidly with little to no money and it’s a great place to begin when you’re starting out.

Watch this video to learn more about the BRRRR method and how you can use it for your real estate investing business!

Key Talking Points of the Episode

[00:00] Introduction
[00:05] What is the BRRRR method?
[01:18] How much can you make from using the BRRRR method?
[02:10] How does the BRRRR method work?
[03:20] What’s the best part about the BRRRR method?
[04:26] What makes the BRRRR method work?

Quotables

“BRRRR is an acronym and my definition of BRRRR is just a strategy that we use to acquire assets very rapidly with little to no money.”

“The acronym in itself is the actual steps that we take, so BRRRR is B with four Rs. The B stands for buy and the 4 Rs stand for rehab, rent, refinance, and of course, repeat.”

“Some people actually refer to it as the BRRRS method, which is replacing one of the Rs with an S and instead of saying repeat at the end, they say scale. It’s essentially the same exact thing.”

“I did not create or invent the BRRRR method but I am a huge fan of it for the last 5 or 6 years.”

“My portfolio is averaging $1200 per asset added and if you calculate in the fact that these assets pay me to own them, after 3-4 months, I don’t have any money invested in the property.”

“I borrowed the purchase and that went straight to the title company, to the seller. They walked out of that office with all of that money, but I also borrowed the rehab and $10K more, so 3 ½ months ago when I bought this property, I walked out of there with about $40K.”

“I knew that my rehab was going to be about $30K, so I had basically padded the rehab in case we went over and also added in the additional amount of money that covered things like the interest, closing, utilities, and title.”

“Here’s the coolest part, Jay - I now have an asset that’s got $30K of rehab, renovation, update.”

“Being able to acquire an asset with little to no money, that’s really cool to the newbie, but what’s really cool to the professionals like you and me, it’s adding properties to our portfolio that’s rehabbed.”

“Part of this process is rehabbing and by rehabbing it, we increase the value of the property which does two things. It gives us a higher appraisal which is what we’re getting a loan on anyway at the end of the day, but it also allows us to charge the most amount of rent possible.”

“It’s either market rent or I say 75% of the time, we’re setting a new market rent.”

“They’re gonna be willing to pay a lot more and they’re also typically gonna be willing to stay a lot longer.”

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