The BRRRR method can be taught by no one better than David Greene, author of Buy, Rehab, Rent, Refinance, Repeat, and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR.
This hillside property situated in David’s native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations.
David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode!
In This Episode We Cover:
The first signs that a property may be a great BRRRR deal
Using the BiggerPockets BRRRR calculator to evaluate deals and raise private capital
Financing options you have when funding (and rehabbing) a BRRRR
Contractor bids and BRRRR budgets (even if you don’t have rehab experience)
Before photos and David’s exact conversion plan to turn a single property into a cash-flowing multifamily
The huge wealth-building benefits of getting creative when finding value-add real estate
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Calculators
Biggerpockets.com Pro Upgrade Code: REPOD21
BiggerPockets Podcast
Zillow
Realtor.com
BiggerPockets Conference and Events
Rentometer
The 1 Brokerage
Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang
Books Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
The Book on Estimating Rehab Costs by J Scott
Connect with Rob:
Rob's TikTok Profile
Rob's Instagram
Rob's Youtube Channel
Connect with David:
David's Instagram
David's Tiktok Profile
David Greene Team
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-598
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