I’ve used the BRRRR method nearly 40 times

[Jorge Vazquez]

I've used the BRRRR method nearly 40 times, and it's still my favorite way to grow a rental portfolio that pays for itself. I hunt for ugly houses with good bones, rehab them for function over flash, rent for steady cash flow, refinance to pull out my initial money, then do it again. The momentum is the magic—you build equity and cash flow at the same time. How have you used BRRRR in today's market, or are you sticking with flips instead?

[Mendy M.]

Quote from @Jorge Vazquez:

I've used the BRRRR method nearly 40 times, and it's still my favorite way to grow a rental portfolio that pays for itself. I hunt for ugly houses with good bones, rehab them for function over flash, rent for steady cash flow, refinance to pull out my initial money, then do it again. The momentum is the magic—you build equity and cash flow at the same time. How have you used BRRRR in today's market, or are you sticking with flips instead?

That sounds amazing! 

I’m looking to do my first BRRRR/Value add in another area, that is a few hours drive from me, but I plan on making occasional trips over, to be on top of the job. 

What would you say are the biggest challenges and areas you can go wrong doing a BRRRR, and how would you try to avoid them?