Learn From Other’s on YouTube
Sam Primm has an awesome video that walks you through the refinance steps.
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Buy. Rehab. Rent. Refinance. Repeat.
Looking to build your real estate portfolio as quickly as possible? The BRRRR method might be the right strategy for you!
It’s not necessarily easy, but if you or your realtor have a good pulse on the Denver market, and familiar with building and renovation costs, then there is an opportunity to build both equity and cash quickly.
Before you do anything, you should pick up David Greene’s book: Buy, Rehab, Rent, Refinance, Repeat.
The book alone is gold, but the bonus content is super valuable.
Listen to Podcasts from Invest2FI –
Some key episodes to tune into are:
Learn From Other’s on YouTube
Sam Primm has an awesome video that walks you through the refinance steps.
Buy. First you have to land a deal that will work to BRRRR. You’ll need to get real with yourself about what renovations you can handle yourself, what you’ll need to hire out and confirm the total cost of repairs and renovations plus the purchase price don’t exceed 70% of the ARV (after repair value).
Rehab. This isn’t just a fix and flip rehab. Since you plan to keep and rent the property, you’ll be the landlord, so the decisions you make about renovating will pay off or haunt you later.
Rent. If you work with a FI Team agent, this part is easy. We’ll supply you with all the tools you need to get your property listed, rented and tons of tips to make sure you get a solid renter in your space – from a STR property to a long-term rental, we’ve got you covered.
Refinance. This is the fun part. Recapture as much equity from your property as possible.
Repeat. Congrats on getting here! Take notes of what worked well and what you can improve and modify your systems to improve efficiency. Then, do it again!
Ready to get started?
The FI Team is a group of real estate agents and consultants in Denver, CO. We specialize in helping real-estate investors work toward financial independence.
