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Epic Real Estate Investing

The Pros & Cons of BRRRR and Turnkey Properties? What is best for YOU? | 855

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8955 Ratings

🗓️ 3 December 2019

⏱️ 37 minutes

🧾️ Download transcript

Summary

Turnkey or buy a property and rehab it by yourself (aka BRRRR method)? Stay tuned because our turnkey girl, Mercedes, shares her pros and cons to each of these strategies so you can really decide what is going to be the best fit for you! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is terio media.

0:09.0

So you want to be a real estate investor,

0:11.0

but you don't want to do the work. If there were only a way

0:14.6

where someone else could do it for you, now there is. Tune in a year each and

0:19.4

every Tuesday on the epic real estate investing show for turnkey Tuesdays with your host Mercedes Torres.

0:26.0

Hello and welcome welcome to turn key Tuesdays brought to you by epic real estate investing.

0:32.0

My name is Mercedes Torres the turnkey girl and I help

0:36.6

busy professionals acquire passive income through real estate investing so they can retire even sooner and hopefully not work so

0:45.8

hard. I get to share tips and advice and real life real estate experiences so that

0:52.3

you too can create passive income in your world.

0:57.2

That said, if this is your first time here, glad you made it, make yourself at home. If this is not your first time here, welcome back.

1:07.0

So, as I see Turnkey becoming more and more popular these days, I'm seeing more people wonder which

1:16.8

route they should go when buying a rental property, turnkey or buy a property and rehab it themselves.

1:26.7

Now this method is commonly known

1:29.4

as the Burr method where you buy a property, rehab, rented, refinance it, and then repeat the message,

1:39.8

hence Burr. Well, that's a great question and I think the only true answer to that question is

1:48.8

it depends. It really depends on you. Now if you listen to us regularly you may have

1:57.8

guessed that it depends would likely have been my answer. But the reality is that it's true it it depends

2:07.1

on how much time you have on your hand how much knowledge how much expertise and truthfully the answer to all of these questions should

2:19.2

come to you rather easily but if, I'm going to share some of my pros and cons to each of these

2:27.8

strategies so that I can dive into the details so that you can really dive into what is going to be the best fit

2:39.7

for you. So I'm going to sum up these pros and cons and then hopefully it will clarify for you so that you can say,

...

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