BRRRR Method | Beginner Guide 101
youtu.be
The video explains the BRRRR method, which stands for Buy, Rehab, Rent, Refinance, and Scale, that the speaker has used to buy over 150 single-family rental properties, 125 apartment complex doors, and 50,000 square feet of self-storage space without using any of their own money. The first step is to find a distressed property to purchase with borrowed money from a hard money or private money lender. The second and third steps are rehab and rent, where the property is fixed up and rented out to a reliable tenant. The fourth step is refinance, which involves taking the rented and fixed-up property to a small local bank's commercial lending division for a cash-out refinance. The equity created from the rehab is used to pay back the sources of borrowed money. The final step is to scale the process to achieve financial freedom, which involves creating systems and processes, finding a coach, taking action, increasing lead flow, and having extra funding. The process requires time, effort, energy, and focus. The speaker provides a link to their free training and encourages viewers to subscribe to their channel.
The video explains the BRRRR method, which stands for Buy, Rehab, Rent, Refinance, and Scale, that t