How to Budget for Things That Could Go Wrong

This is 123 Main Street in Denver, Colorado. It's a four bedroom, three bathroom property with two units each renting for $1,600 that we purchased for $220,000. At this rent range, probably around 8%, is what you can expect to pay. That's about it, folks. Let's see what the numbers look like here.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

The BRRRR method allows you to buy rental properties faster, smarter, and with far less cash than ever before. It’s one of the most popular real estate investing strategies around, allowing almost anyone to take a small amount of money and turn it into an extensive rental property portfolio. And while this may seem complicated to imagine for the everyday worker or small landlord, BRRRR can change your life and supercharge your wealth, but only if you know how it works.

Of course, we have Sir BRRRR himself on the show, David Greene, to describe exactly how the BRRRR method works, what’s changed in 2023, and the signs you have a great BRRRR deal on your hands. Not only that, David will show you where to find the best BRRRR deals, how to analyze your properties BEFORE you buy, and the rules of thumb you should follow to ensure you’re getting the best BRRRR property possible. He’ll also sprinkle in some expert tips that allow you to maximize the value of your property while paying the least out of pocket!

Start building wealth with BRRRR today! Get unlimited access to exclusive tools, leases, and more when you sign up for BiggerPockets Pro and use code “BRRRR20” for a special discount.

In This Episode We Cover:

How to use the BRRRR strategy to build a rental property portfolio faster

Why SO many investors leverage the BRRRR method when they start investing

Where to find BRRRR deals and the three types of “distress” to watch out for

Signs of a good BRRRR and real estate rules of thumb you should follow

Using the BiggerPockets BRRRR calculator to analyze your next property

The ONE tool great investors use to scale their portfolios even faster

Cost-saving tips that’ll keep your rehab budget down while boosting the ARV (after repair value) of your BRRRR

And So Much More!

Links from the Show

Find an Agent

Find a Lender