598: How to "Invest on Repeat" with The BRRRR Strategy

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

Episode 598 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "598: How to "Invest on Repeat" with The BRRRR Strategy" was published on April 19, 2022 and runs 95 minutes.

April 19, 2022 ·95m · BiggerPockets Real Estate Podcast

Summary

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Description