Try the BRRRR Calculator on Your Next Deal Get More Deals Done with The BiggerPockets Investing Toolsįind a BiggerPockets Real Estate Meetup in Your Area Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Listen to All Your Favorite BiggerPockets Podcasts in One Place The 1% rule and whether or not it’s still worth chasing in 2023Įxpert ways to get around BRRRR waiting periods and high-interest ratesįind an Investor-Friendly Real Estate Agent Seasoning period requirements and how long you’ll have to wait before refinancingīRRRR red flags and what to do to protect yourself from buying a bad deal What changed in the BRRRR method and why 2023 will be MUCH more challenging The BRRRR method explained and why it’s such a profitable rental property strategy So stick around if you don’t want to get burnt on your next BRRRR! Our expert hosts will also describe what you MUST do to make your BRRRR investment work in 2023 and why simply buying a fixer-upper is NOT a worthwhile strategy. In this episode, we’ll get into exactly what the BRRRR strategy is, how investors use it to recycle their down payments, and what changes have caused it to go out of style. But for expert investors like David Greene, Henry Washington, and Rob Abasolo this is just the beginning of a new type of BRRRR that could pay off handsomely but has much more lethal side effects. For investors who relied on the BRRRR method, this could be seen as the end of a wildly profitable era. ANYBODY could find a house needing renovations, make some needed repairs, and turn it into a cash cow by refinancing out of their original loan.īut now, the tide has started to turn, cash flow has been erased thanks to high mortgage rates, and finding a home for sale isn’t as easy as it always was. This is a sensitive subject for most investing experts, as the BRRRR method was almost foolproof from 2010 to 2020. With new financing rules and regulations, the “Buy, Rehab, Rent, Refinance, Repeat” strategy could be coming to a close for rookie real estate investors. The BRRRR method just got served a devastating blow.
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