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    DOES THE CLASSIC BRRRR STRATEGY STILL WORK?

    Sep 27, 2023 5 minutes

    There are a few classic strategies that investors have been using for decades to maximise their gains in the property game – and one of those is BRRRR. It stands for buy, renovate, rent, refinance and repeat.

    You buy a run-down house, do a costeffective makeover, then find tenants. If you’ve got the numbers right and with a bit of good luck, the new higher value of the house should allow you to refinance it, so you pull out a chunk of cash to use as a deposit on the next do-up. Rinse, repeat, and watch your portfolio grow.

    But the current market is heavy going, with renovation costs high and refinancing often a challenge. Is this classic strategy still a good idea, or even feasible, as we head towards 2024?

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