Buy Real Estate with NO Money Down | BRRRR Method
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The Burrs method involves buying distressed properties with borrowed money from private lenders, repairing them, renting them out, and then doing a cash-out refinance with a small local bank. The bank will lend 80% of the appraised value of the property, which is used to pay back the private lender with interest. The remaining bank money is used to cover the mortgage and other expenses, while the rent covers the mortgage and other owning expenses. This process can be scaled and repeated as many times as desired, with no limits to the amount of wealth that can be created. The goal is to own a billion dollars worth of real estate without using any of one's own money.
The Burrs method involves buying distressed properties with borrowed money from private lenders, rep