About this episode
For years, the BRRRR method (buy, rehab, rent, refinance, repeat) was every real estate investor’s favorite strategy. And it’s easy to see why. Using this simple formula, you can buy an outdated property, fix it up, lock in some solid equity, and then refinance, having the bank pay you back all the money you put into a deal . It sounds foolproof in theory, and up until 2020’s hot housing market, it essentially was. But things have changed. Home prices are higher than ever, mortgage rates are still double what they were during 2021, and everyone and their grandma now wants to invest in real estate, making more competition for these outdated homes. So, one big question presents itself: Does the BRRRR method still work in 2024? And, if it does, what are some ways to beat the competition and score a seriously good deal, no matter the mortgage rate? Well, we’ve got the man who literally wrote the BRRRR book on the show—our very own David Greene ! David is giving his time-tested insider tips on how to build wealth with BRRRR , create more equity on your next home rehab, which new loans make BRRRR much better in 2024, and why you CAN’T rely on cash flow anymore, but you can rely on something MUCH more beneficial. Ready to get your first (or next) BRRRR done in 2024 ? This is the episode for you! In This Episode We Cover: The BRRRR method (buy, rehab, rent, refinance, repeat) explained Whether or not you can still do a BRRRR in 2024 (and if it’s even worth it) New types of loans for BRRRRs that make buying and cash-out refinancing MUCH easier Cost-cutting rehab tips to make sure you don’t go over budget on your next home renovation The not-so-basic “value-add” potential you NEED to look for in your next BRRRR property Massive tax benefits , long-term wealth, future cash flow, and more upsides of doing a BRRRR in 2024 And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob' Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Grab The BRRRR Book How to Invest in Real Estate With the BRRRR Method Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-904 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