by Kevin Brenner, Capt, USAF
By now I’m sure most of you have heard the term BRRRR which stands for Buy, Rehab, Rent, Refinance, Repeat. Famously coined by BiggerPockets’ Brandon Turner a few years back, the strategy itself has been around forever. Remember, buy low and sell high. It’s kind of like that, except in this case, the end buyer is actually the bank.
Investors from all walks of life love to BRRRR because it offers a lot of flexibility, as opposed to standard fix and flip or buy and hold deals, and a significant marketplace competitive advantage (more on this in another blog). Like most real estate investing (REI) strategies, a profitable BRRRR hinges on the After Repair Value (ARV) and your Estimated Rehab Costs (ERC). If you can master evaluating these figures, then you are one step ahead of your competition and well on your way to some solid...