Buy Refurbish, Refinance, Rent (BRRR)
BRRR is the abbreviation for the buy, refurbish, refinance and rent investment strategy. This strategy aims to find the worst house on the best street with the intention to flip for a profit.
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The Brilliance of BRRR
The BRRR strategy is by far the most lucrative investment strategy in comparison to the others mentioned. It is also a great way to accumulate large sums of profit whilst simultaneously building a property portfolio.
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Calculated Risk
Being one of the oldest property investment strategies, the prices of properties have changed drastically within the market but the principles are still the same. This high risk strategy can only be high rewarding after rigorous due diligence and educated calculations.
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Team work= Dream work
BRRR offers a great opportunity for people to joint venture on projects to either mitigate responsibilities and work smarter or take on more than one project at a time. Most investors with either a celebrity status or who are as normal as doctors choose this strategy and either find people to project manage their projects or they project manage themselves. This strategy can arguably take the longest time to reach completion as well as to payout, so delayed gratification is an attribute you should acquire to pursue this strategy.
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Contact Us
For more information on a BRR's or how to invest in similar property strategies, contact us below for a free consultation and we can see how we can help you.
