The reason why I love BRRR method so much is, not only do I get the monthly cashflow from the rental, but I get my principal back as well. It really is having your cake and eating it too!
It is a real estate investment strategy primarily for single family properties. BRRRR stands for Buy, Rent, Renovate, Refinance and Repeat.
Why Would I BRRRR?
The catch is that it is a pretty large departure from a “passive investment.” The biggest part that is not passive is the renovation portion.
The more often you repeat the process, the larger your investment portfolio grows. It also means you have to go through the whole process of finding a property.
The concept behind the BRRRR strategy has been around for a long time and has been deployed by many successful investors.