Our military oriented real estate investing blog.
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...
Last week I was travelling across Europe with my wife and kids flying first class from country to country. We went from Germany where we spent time getting served by folks in lederhosen and over to Scotland where I went to a few Scotch distilleries testing some various choice Highlands and Speysides… what an amazing trip! We passed through Paris and took a helicopter tour of the city and had an amazing view of the Eifel Tower. We went to Poland and visited Auschwitz (amazing!) where my 8-year-old son asked, “what happened here, daddy?” Right then I knew we needed to continue travelling the world and showing our kids what really matters in life: time with your family while learning and experiencing the world while sharing the blessings we have with as many people as we can.
Now, I have a confession, I didn't actually make that trip… last week I was stuck working a lot of hours on a TDY away from my family. I worked about 95 hours and I barely even talked to...