How to Use the BRRRR Method to “Invest on Repeat”

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 30 May 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to reach financial freedom faster? The BRRRR method is how you do it. Seriously—the BRRRR strategy is almost too good to be true, which is why so many real estate investors use it as the stepping stone to start building wealth. In short, the BRRRR (buy, rehab, rent, refinance, repeat) method allows you to reuse and recycle your money repeatedly, turning one sum of cash into multiple investment properties or an entire portfolio! This allows you to build your real estate portfolio faster WITHOUT having to wait around to save up tons of capital to invest. But how do you use the BRRRR method to build wealth, passive income, and financial freedom? We’ve got a financially free investor, Dave Meyer, on the show to walk through the three steps of completing a BRRRR real estate deal. From finding the properties to analyzing them for maximum profit potential and refinancing to get your money back out, these are the steps a beginner needs to take to do their first BRRRR deal. Plus, we’ll even show you a tool that runs the numbers for you in just minutes so you can get your first or next investment property even faster! Want to do BRRRR deals like the pros? Sign up for BiggerPockets Pro to unlock unlimited BRRRR calculator usage and access all the elite investor tools by using code “BUYPOD24” at checkout. Plus, you’ll score a sweet discount and over a thousand dollars in bonuses! In This Episode We Cover The BRRRR method explained and how to use it to “invest on repeat” Why BRRRR may be one of the best ways to reach financial freedom FAST The risks of the BRRRR method (and easy ways to get around them) How to find perfect properties for the BRRRR method (and Dave’s favorite way to find deals) Analyzing a BRRRR deal from start to finish (in just minutes!) with the BRRRR calculator How to get funding for your first or next BRRRR deal with these investor-friendly lenders And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:19.2	Hey everyone and welcome to the BiggerPockets podcast. I'm your host Dave Meyer and today I'm going to be bringing you a deep dive into the Bur method and be talking about how it works and how you can build your real estate portfolio using this really cool, efficient way of investing. The content that I am going to present to you today originally actually came in the form of a webinar.
0:24.6	If you've been on the BiggerPockets website, as I assume most of you have, you would know that we offer
0:29.6	live webinars, on-demand webinars pretty frequently frequently and every once in a while we get such
0:34.9	good feedback about one of those presentations that we decide to distribute it elsewhere
0:39.6	in the bigger pockets universe and that's what we're gonna to do. So we're taking a webinar.
0:43.4	I've obviously adapted it for this podcast format but I'm going to be delivering you
0:49.2	that webinar today. The title of this webinar is Supercharge You're Investing, Leverage Burr to
0:55.0	invest on repeat. And I know that a lot of people think that now in 2024 that the
1:00.9	Burr method doesn't actually work and if you haven't heard of this before
1:05.2	Burr is basically a rental property with a rehab built into it and a refinance
1:11.4	Burr stands for buy, rehab, rent, refinance and repeat. I'll get into that in a minute. But a lot of people think that with higher interest rates the Burr method doesn't work, but I actually believe that Burr, along with many other value
1:26.2	ad focused strategies like flipping, actually work quite well in 2024, and we're going to get into that during this webinar.
1:34.6	Now before we jump in I just want to acknowledge and thank you all for spending this time
1:39.7	with us. We know that you have tons of other things that you could be doing right now but in
1:43.8	exchange for listening to this webinar we want to give you a little gift to
1:47.6	get your investing career started or accelerate your investing career and that is a 20% discount on our pro membership.
1:57.2	So if you've ever wanted to become pro or after this webinar you feel like the tools that pro
2:02.2	offer you are going to help you get into the
2:03.9	Burr strategy or really whatever strategy you're working with. Go to
2:07.9	bigger pockets.com and enter the coupon by pod 24 that's B-U-Y-P-O-D-4 and you'll get 20% off your first year on pro.
2:19.4	And for those of you who actually stick around to the end of the webinar, I have another perhaps even
2:24.8	better gift for you, so make sure to stay tuned.
	...

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