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598: How to "Invest on Repeat" with The BRRRR Strategy

598: How to "Invest on Repeat" with The BRRRR Strategy

FromBiggerPockets Real Estate Podcast


598: How to "Invest on Repeat" with The BRRRR Strategy

FromBiggerPockets Real Estate Podcast

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)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.