59 min listen
598: How to "Invest on Repeat" with The BRRRR Strategy
598: How to "Invest on Repeat" with The BRRRR Strategy
ratings:
Length:
98 minutes
Released:
Apr 19, 2022
Format:
Podcast episode
Description
The BRRRR method can be taught by no one better than David Greene, author of Buy, Rehab, Rent, Refinance, Repeat, and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR.This hillside property situated in David’s native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations.David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode!In This Episode We Cover:The first signs that a property may be a great BRRRR deal Using the BiggerPockets BRRRR calculator to evaluate deals and raise private capitalFinancing options you have when funding (and rehabbing) a BRRRRContractor bids and BRRRR budgets (even if you don’t have rehab experience)Before photos and David’s exact conversion plan to turn a single property into a cash-flowing multifamily The huge wealth-building benefits of getting creative when finding value-add real estateAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets CalculatorsBiggerpockets.com Pro Upgrade Code: REPOD21BiggerPockets PodcastZillowRealtor.comBiggerPockets Conference and EventsRentometerThe 1 BrokerageBuilding Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny HoangBooks Mentioned in the Show:Buy, Rehab, Rent, Refinance, Repeat by David Greene The Book on Estimating Rehab Costs by J ScottConnect with Rob:Rob's TikTok ProfileRob's InstagramRob's Youtube ChannelConnect with David:David's InstagramDavid's Tiktok ProfileDavid Greene TeamCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-598See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Apr 19, 2022
Format:
Podcast episode
Titles in the series (100)
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