BiggerPockets Real Estate Podcast 556: The Most Feared BRRRR Step (and How to Get Over It) | Coaching Calls
Jan 11, 2022
Dive into the current contractor crisis affecting real estate projects, with insights on the BRRRR strategy and keys to managing rehab budgets. Discover tips for navigating unexpected renovation costs and building strong contractor relationships. Hear personal stories of overcoming investment fears and the importance of capital for long-term success. Learn about transitioning from turnkey rentals to multifamily investments, and how strategic decision-making can elevate your investment game.
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BRRRR for Capital
- Transition from turnkey to BRRRR to build capital.
- Capital unlocks higher-tier real estate opportunities and provides a safety net.
Analyze BRRRR Steps
- Break down the BRRRR process to analyze each step for potential issues.
- Start with buying below market value or adding value through rehab.
Manage Contractor Risk
- Manage contractor risk by using draws based on completed work.
- Consider buying materials yourself to control costs and incentivize progress.