Real Estate Community Network Podcast

Mike Bazadona & Steve France Talk with Jamarr Reid about the BRRRR Method

February 13, 2023 Mike Bazadona & Steve Franco Season 2 Episode 2
Real Estate Community Network Podcast
Mike Bazadona & Steve France Talk with Jamarr Reid about the BRRRR Method
Show Notes

Mike Bazadona & Steve France Talk with Jamarr Reid about the BRRRR Method. The BRRRR method is a real estate investing strategy that stands for buy, rehab, rent, refinance, and repeat . The goal of the BRRRR method is to buy a property, fix it up, rent it out, and then refinance the loan to pull out your original investment plus any additional equity. Then, you repeat the process with a new property.The BRRRR method can be an effective way to build wealth through real estate investing. By refinancing the loan after you've already added value to the property through renovations, you can access more capital to reinvest in new properties. This strategy can be particularly helpful for investors who are looking to quickly build a portfolio of rental properties.If you're considering using the BRRRR method to invest in real estate, it's important to do your research and understand the process. You'll need to find a good deal on a property, have the ability to finance the purchase and renovations, and be prepared to be a landlord. But if you're willing to put in the work, the BRRRR method can be a powerful tool for building wealth through real estate.