327: The “Buy, Rehab, Rent, Refinance, Repeat” Method Made Simple With David Greene
04.25.2019 - By BiggerPockets Real Estate Podcast
It’s here—THE book on BRRRR! And who better to write it than the leading authority on this strategy: our co-host David Greene.
In this episode, he breaks down exactly how to “Buy, Rehab, Rent, Refinance, and Repeat” your way to wealth.
David reveals how BRRRR allows him to force equity, leverage the talents of others, and recycle his capital so he didn’t have to keep working 100-hour weeks as a police officer.
You’ll learn about the velocity of money, the “core four” players every BRRRR investor needs on his or her team, and the way to eliminate fear by taking a cold, hard look at the numbers.
David also explains how this strategy can reduce capital expenditures and how to come to the bargaining table with a cash offer that puts you in the driver’s seat.
He also addresses some common objections, including the notion that it’s difficult to influence the appraised value of your rehabbed property. Plus, you won’t want to miss the “Deal Deep Dive” where David goes into detail about one of his recent real-life BRRRR deals.
Whether you’re brand new to this method of investing or are looking to fine-tune your BRRRR skills, this episode will provide you with a ton of value. Still, we only cover part of what’s in David’s book, so check it out on the BiggerPockets Bookstore.
In This Episode We Cover:Who David isDefining and explaining BRRRRDiscovering the main benefits to BRRRRHow to increase your ROIUnderstanding what increasing the velocity of your money isGetting good at what you doHow to decrease risk by building equity and pulling capitalHow to scale to financial freedom fasterWays to lower CapEx expensesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarDave Visaya’s BiggerPockets ProfileBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneBiggerPockets InstagramBRRR CalculatorBiggerPockets BookstoreBooks Mentioned in this ShowBuy, Rehab, Rent, Refinance, Repeat (BRRRR) by David GreeneLong-Distance Real Estate Investing by David GreeneThe Millionaire Real Estate Agent by Gary KellerSo Good They Can’t Ignore You by Cal NewportDigital Minimalism by Cal NewportTweetable Topics:“Make money work for me.” (Tweet This!)“Repetition builds mastery.” (Tweet This!)“Operating from ignorance or inexperience is operating with a massive amount of risk.” (Tweet This!)“Down payment has nothing to do with risk.” (Tweet This!)“BRRRR investing is about gaining equity without losing capital.” (Tweet This!)Connect with DavidDavid’s BiggerPockets ProfileDavid’s InstagramDavid’s Facebook Profile