Is The BRRRR Strategy Good For Beginners?

You’ve heard me talk about the pros and cons of the BRRRR Strategy before, but is it good for beginners? In this Real Deal episode, I tell you my issue with the BRRRR Strategy, where I get my loans from (temporary AND permanent), and how we got this killer deal for $0.50 on the $1.00!

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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY ❎

[tiktokdj]

What I learn:
1)Know your market and the market cycle.
2)You make the deal when you buy.
3)Good debt makes you money.
4)Have room for mistakes and expenses you haven't forecasted (plan for the worst and hope for the best).
5)Debt is a double edge sword.
Make sure you are not the victim.

[phil]

I purchased my current BRRRR for 105k with an ARV of 250K. A local Bank excited fund 100% of the purchase and rehab. Make sure you look into local banks, I was not expecting no money out of my pocket other than closing cost.

[DaveHerrer]

Congratulations Anna! Thanks for the breakdown Pace

[macjusss]

facts! closing on the buy and refi plus hard money cost can make it hard to fully recoop all the funds tied up in the deal. plus you can only refi so many times, plus dti restrictions

[scaleshenry]

I can honestly say BRRRR is something an investor can/should scale up to! I love my Sub-to for now. I will also say if an investor never did an BRRRR I will still respect him/her as an investor.

[maximizedmoney]

Thank you for highlighting the challenges! A lot of what I’m consuming is how this is the best way to scale/build equity, which is probably true. But the permits, finding/retaining reliable contractors, and interest rate fluctuations can make a newbie like me feel overwhelmed. It’s still one of my top strategies so I’ll continue to do my research, but I have one more potential route (seller financing) that I’m considering as well. Really appreciate the thorough breakdown!

[richardmandis]

Congratulations Anna ✌🏽✌🏽 Great stuff Pace! Great breakdown

[lewchdawg]

Where all those BRRR warriors saying it was so easy in the Instagram comments????

[Michael-dkif]

Congratulations Anna. Thanks Pace a very thorough explanation of the Brrr method. How Do you get 30% of Home Depot.

[michaelbatista]

You "can-not"? Bro, yes you can. You just have to buy low enough and rehab low enough!

[stefaniecuadra]

I did one with my own cash and ended up getting less out than I put in. I cash flow extremely well but still there's a lot of money tied up cause we went way over budget and it didnt appraise where we wanted.

[christophersyers]

No down payment on your first two loans?

[thesmoothone]

What do you use to find your rent rates??