The BRRRR Simplified
If you have been considering real estate as an investment, you have likely figured out that saving the 20% to 25% required to purchase a non-owner occupied investment property is a pretty high barrier of entry. You have also likely heard about the BRRRR strategy, which is a “work-around” for having to keep saving for a down payment over and over again. Coined by the gurus at Bigger Pockets, the BRRRR stands for Buy, Rehab, Refinance, Rent, and Repeat. If done correctly, this real estate strategy allows investors to continuously recycle the same original pool of funds to more quickly build a portfolio of properties. For those of you who are just hearing about the BRRRR strategy for the first time, it most likely sounds like a “too good to be true” scam. I used to think so also, until I did it myself and not only cashed out all of my original down payment from my first real estate deal, but actually more than doubled my original down payment when I refinanced the property. That entire de...
