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BiggerPockets Real Estate Podcast

327: The “Buy, Rehab, Rent, Refinance, Repeat” Method Made Simple With David Greene

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 25 April 2019

⏱️ 93 minutes

🧾️ Download transcript

Summary

It’s here—THE book on BRRRR! And who better to write it than the leading authority on this strategy: our co-host David Greene. In this episode, he breaks down exactly how to “Buy, Rehab, Rent, Refinance, and Repeat” your way to wealth. David reveals how BRRRR allows him to force equity, leverage the talents of others, and recycle his capital so he didn’t have to keep working 100-hour weeks as a police officer. You’ll learn about the velocity of money, the “core four” players every BRRRR investor needs on his or her team, and the way to eliminate fear by taking a cold, hard look at the numbers. David also explains how this strategy can reduce capital expenditures and how to come to the bargaining table with a cash offer that puts you in the driver’s seat. He also addresses some common objections, including the notion that it’s difficult to influence the appraised value of your rehabbed property. Plus, you won’t want to miss the “Deal Deep Dive” where David goes into detail about one of his recent real-life BRRRR deals. Whether you’re brand new to this method of investing or are looking to fine-tune your BRRRR skills, this episode will provide you with a ton of value. Still, we only cover part of what’s in David’s book, so check it out on the BiggerPockets Bookstore. In This Episode We Cover: Who David is Defining and explaining BRRRR Discovering the main benefits to BRRRR How to increase your ROI Understanding what increasing the velocity of your money is Getting good at what you do How to decrease risk by building equity and pulling capital How to scale to financial freedom faster Ways to lower CapEx expenses And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Dave Visaya’s BiggerPockets Profile BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets Instagram BRRR Calculator BiggerPockets Bookstore Books Mentioned in this Show Buy, Rehab, Rent, Refinance, Repeat (BRRRR) by David Greene Long-Distance Real Estate Investing by David Greene The Millionaire Real Estate Agent by Gary Keller So Good They Can’t Ignore You by Cal Newport Digital Minimalism by Cal Newport Tweetable Topics: “Make money work for me.” (Tweet This!) “Repetition builds mastery.” (Tweet This!) “Operating from ignorance or inexperience is operating with a massive amount of risk.” (Tweet This!) “Down payment has nothing to do with risk.” (Tweet This!) “BRRRR investing is about gaining equity without losing capital.” (Tweet This!) Connect with David David’s BiggerPockets Profile David’s Instagram David’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is the BiggerPockets Podcast Show 327.

0:05.0

It's time to burr.

0:06.2

They say necessity is a mother of invention.

0:08.5

And that was my problem.

0:10.1

As I looked at my life, I'm losing my life,

0:12.0

doing nothing but working to make this money to invest in real estate.

0:15.0

How do I do it differently?

0:17.0

And Burr was my how.

0:18.0

So rather than having to work crazy hours to make this money, I just made my money work for me instead.

0:24.0

You're listening to Bigger Pockets Radio, simplifying real estate for investors large and

0:29.2

small. If you're here looking to learn about real estate investing without all the height, you're in the right place.

0:36.0

Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.

0:42.0

Your home for real estate investing online.

0:45.1

What is going on everyone?

0:46.4

This is Brandon Turner, host of the BiggerPockets

0:49.9

podcast here with the man, myth the legend Mr David Green

0:55.6

David Green welcome to the show man good to have you here

0:58.2

Thank you my friend. Thank you very much. There is nowhere I'd rather be good. Well today's show I should hope not because you're the

1:05.3

guest star not only the guest host you are or the co-host you are the guest co-host interviewer, interviewee, I don't know, is it interviewee or interview

1:15.8

year?

1:16.8

I don't know. You're the guy I'm interviewing today on the show.

1:19.6

And in this one hour I've padded my resume to add like 12 different things like you've just said. Very efficient, much like the Burr method.

...

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