How To Use The "BRRRR Method" With High Interest Rates!
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The new BRRRR method, which stands for buy, rehab, rent, refinance, and scale, is designed to adapt to current market conditions, allowing investors to purchase rental properties without using their own money. This method involves buying distressed properties at deep discounts, using borrowed funds for purchase and repairs, and then renting out the properties to generate cash flow. Refinancing with local banks for 80% of the appraised value allows investors to repay private lenders and scale their investments. Real estate values are expected to double in 15 years, potentially yielding significant equity. Investors are encouraged to join local real estate groups, use wholesalers, and employ strategies like driving for dollars to find properties. Quality rehabs with better materials can lead to higher rents, appraisals, and reduced maintenance costs. Systems for tenant approvals, rental syndication, and efficient rehabs are crucial for scaling the BRRRR method effectively, and free training and resources are available to help investors succeed.
The new BRRRR method, which stands for buy, rehab, rent, refinance, and scale, is designed to adapt