IN THIS EPISODE, YOU’LL LEARN: 01:54 - What the BRRRR strategy is and how it works.01:54 - How to use the BRRRR strategy to reduce your down payment.04:58 - Which items should be fixed during a rehab?19:45 - How to find and vet contractors.39:32 - How to protect yourself from getting ripped off by contractors.46:07 - How to challenge an appraisal and why you might need to.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert Leonard’s book The Everything Guide to House Hacking.Learn about our Investing Starter Packs on real estate.A brand-new newsletter all about house hacking.Jay Papasan’s book The Millionaire Real Estate Investor.J Scott’s book The Book on Estimating Rehab Costs.Mark Ferguson’s book The Book on Negotiating Real Estate.All of Robert’s favorite books.Support our free podcast by supporting our sponsors.Find Pros & Fair Pricing for Any Home Project for Free with Angi.Find joy in comfort with Faherty. Use promo code WSB to snag 20% off all your new spring staples!Join Commonstock’s community of engaged investors to access exclusive financial data, follow and chat with fellow investors, get alerts when friends buy or sell, and make trades directly through the platform.Now, not only the wealthy can afford collectibles! Enter Otis, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at withotis.com/TIP to get your first share for FREE!Invest in crypto and trade it without tax headaches with AltoIRA.Make documents, ask a lawyer your legal questions, and sign contracts on the go with Rocket Lawyer.Canada’s #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything.The interval fund, a breakthrough innovation. Only at Mackenzie.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Design is already in your hands with Canva. Start designing for free today.Connect with Robert (@therobertleonard): Website | Instagram | TwitterConnect with Andresa: Website | Instagram | FacebookSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.