I’ve used the BRRRR method nearly 40 times

Tampa, Florida
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I’ve used the BRRRR method nearly 40 times

Jorge VazquezBusiness Member
Real Estate Broker · Tampa, FL · Member since 2017 · 1k+ posts · 679 votes

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?

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Mendy M.
Rental Property Investor · Member since 2024 · 26 posts · 31 votes
1y
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?
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  • Mendy M.
    Rental Property Investor · Member since 2024 · 26 posts · 31 votes
    1y
    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?
    2Reply
  • Mendy M.
    Rental Property Investor · Member since 2024 · 26 posts · 31 votes
    1y
    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?

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  • Alecia LovelessPro Member
    Member since 2019 · 3k+ posts · 2k+ votes
    1y

    @Mendy M. Not to pooh-pooh long distance investing but I’ve got 2 properties that are 35 minutes away from me and I just don’t visit them as frequently especially during snow season as I do my other properties.

    While you may think a couple of hours away is no big deal the reality is that it’s a huge deal and after the honeymoon period winds down you’re going to find yourself making excuses for why you’re not spending more time there.

    1Reply
  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    1y
    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?

    My experience with rentals is that not only do they not pay for themselves the first number years is that the investor has to have additional incomes to feed the beast. I did quite a number of BRRRs a number of years back..

    When it came time for renewals, make ready and repairs that I realized I drank too much of the Kool-Aid at one setting.

    Basically, my  take in a condensed form is that don’t quit your day job with Rentals… actually Rentals might make you need an extra day job or three…


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