The BRRRR Strategy Explained

from Property Magic Podcast · host Simon Zutshi

In this week's show, Simon explains the BRRRR strategy - otherwise known as Buy, Refurbish, Refinance, Rent and Repeat - or as Simon calls it, momentum investing! KEY TAKEAWAYS The BRRRR strategy is the fastest way to grow your portfolio, as each deal's refinance value allows you to swiftly move on to the next. Not just any property will work for BRRRR. You have to be able to add value to the property in order to make the strategy work. By refurbishing in a stylish and pleasing way, you'll set your property apart from others, allowing you to achieve a higher rent, and attracting a more agreeable clientele. It's okay to leave some money in the deal if you have to. If you need extra funding to complete subsequent deals, look for external sources of investment. BEST MOMENTS 'This is where you find a property, add value, refinance, take your money out, and go and do another project' 'This really makes fantastic feature of the communal area' 'We want to make this an attractive place!' 'Don't shy away from deals if you can't get all of your money out' VALUABLE RESOURCES Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). iphone: http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2 Register at Mindset For Property at - www.mindsetforproperty.co.uk ABOUT THE HOST Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals. CONTACT METHOD Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/

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