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!
Rob:
This is the BiggerPockets Podcast show 598.
David:
You got to be dedicated. This is not a market where deals fall into your lap, or people come to you and beg you to buy a property and you make up your mind if you want to do it. A lot of competition for these assets right now, they’re going up in value very quickly. Rents are going up just as fast. The stakes are higher than they have ever been. And so now is the time to continue taking action.
What’s going on, everyone? This is David Green, your host of the BiggerPockets Real Estate Podcast, here with a very special episode for you. Today is all about The BRRRR Method. Does it work in today’s market? Is the BRRRR extinct? Did the BRRRR ever work? Has…