With this money removed from the deal and continued ownership of a high-quality, cash-flowing property, the investor can move on to another deal. This is the same amount of money used to buy and rehab the house. The bank will allow borrowing of approximately 75% of that $120,000, which is $90,000. If it's worth $120,000 when done, this is a $30,000 addition in equity.

Spend $60,000 on a home in poor condition and spend $30,000 on rehab for a basis of $90,000. First, pay cash or use a hard money/private money loan. The BRRRR method is a rearranging of the order of when you finance. It's difficult to scale this method when using a considerable amount of money buying good deals and doing solid rehabs. In this situation, the down payment and money sunk into rehab stays in the property. The traditional process involves simultaneous down payment and financing followed by spending time and money on rehab and finishes with renting it out for cash flow. Today we discuss executing the BRRRR strategy from long distance, COVID-, planning for 2021, tax strategies, and more. We're joined by David Greene, co-host of the BiggerPockets podcast, author, California real estate agent, and investor. How to Execute The BRRRR Strategy From Long Distance and Strategizing for 2021 w/ David Greene David shares every tip, trick, and system he has put in place for over twenty rental properties, so you can avoid making mistakes and shorten your learning curve.ĭon’t let your location dictate your financial freedom. Traditionally, investing out of state has been considered risky and unwise.īut the rules, technology, and markets have changed: No longer are you forced to invest only in your backyard! In this book, real estate investor and police officer David Greene shows you exactly how he's built a multi-million dollar portfolio through buying, managing, and flipping out-of-state properties, often without ever even seeing the properties in person. Some locations provide incredible returns, while others make it almost impossible to find a single property that profits.

Real estate investing is one of the greatest vehicles to build wealth, but it doesn’t make sense in every market. David Osborn, bestselling author of Wealth Can’t WaitĪre you interested in real estate, but you live in a hot market that is not suited for buy and hold investing? Do you want to take advantage of wealth-building opportunities, but that seems impossible until the next market crash? David Greene has put that myth to rest…This is a must-read for investors who want to expand their real estate empire nationwide.” ”It is a common misperception in real estate investing that you should buy only where you live. Live where you want, and invest anywhere it makes sense.

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