https://wowa.ca/brrrr-method-canada
- BRRRR is a real estate investing strategy that stands for "buy, rehab, rent, refinance, and repeat.”
- This strategy allows investors to rapidly increase their real estate portfolio with relatively low funding requirements but with many risks and efforts.
- Key to the BRRRR method is buying undervalued properties, renovating them, renting them out, and then cashing out equity and reporting income to buy more properties.
- The rent that you collect from tenants is used to pay your mortgage payments, which should turn the property cash-flow positive for the BRRRR strategy to work.This rule helps determine a maximum purchase price to ensure a reasonable profit margin after renovations.