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Why the BRRRR Method WON'T Be the Same in 2023
Description
The BRRRR method just got served a devastating blow. With new financing rules and regulations, the “Buy, Rehab, Rent, Refinance, Repeat” strategy could be coming to a close for rookie real estate investors. This is a sensitive subject for most investing experts, as the BRRRR method was almost foolproof from 2010 to 2020. ANYBODY could find a house needing renovations, make some needed repairs, and turn it into a cash cow by refinancing out of their original loan.
But now, the tide has started to turn, cash flow has been erased thanks to high mortgage rates, and finding a home for sale isn’t as easy as it always was. For investors who relied on the BRRRR method, this could be seen as the end of a wildly profitable era. But for expert investors like David Greene, Henry Washington, and Rob Abasolo this is just the beginning of a new type of BRRRR that could pay off handsomely but has much more lethal side effects.
In this episode, we’ll get into exactly what the BRRRR strategy is, how investors use it to recycle their down payments, and what changes have caused it to go out of style. Our expert hosts will also describe what you MUST do to make your BRRRR investment work in 2023 and why simply buying a fixer-upper is NOT a worthwhile strategy. So stick around if you don’t want to get burnt on your next BRRRR!
In This Episode We Cover:
The BRRRR method explained and why it’s such a profitable rental property strategy
What changed in the BRRRR method and why 2023 will be MUCH more challenging
Seasoning period requirements and how long you’ll have to wait before refinancing
BRRRR red flags and what to do to protect yourself from buying a bad deal
The 1% rule and whether or not it’s still worth chasing in 2023
Expert ways to get around BRRRR waiting periods and high-interest rates
And So Much More!
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