BRRRRing Through Chicago
What does it mean to be a BRRRR investor? First, lets answer the question: “what is BRRRR?” This is actually an acronym that breaks down the steps of a specific real estate investment strategy. The aforementioned investment model has become a very popular way for people to invest in properties. Value can be added to the property and the owner can spend minimal amounts of their own funds.
The less money left in a deal after the refinance step, the more successful of an investment it is said to be.
As investors, we turned our focus to using the BRRRR strategy in 2008 before the term was even being coined. I wish that I was the one who would have thought of the idea to name the strategy first. To me, the framework of this strategy was just a simple way for me to invest the least amount of money out of pocket and I repeated it over and over again.
I recently sat down with the team at Roofstock, and we went over many of the mistakes we made on our journey to use the BRRRR strategy hundreds of times over the last 15 years. This show focuses on the issues we encountered, ways we would have done it differently, and processes that really worked for us.
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Originally published at https://www.gcrealtyinc.com.