Veteran (Newbie) Question on BRRRR Strategy
Can someone briefly help me understand the BRRRR method, and inform me on the pro's/con's, haven't bought my first property yet, but am learning from the time I wake up, till the time I go to sleep, Saving money (about 10k) and could easily save 1k / month, from here on out, Buy and Hold intrigues me, but when it comes to flipping houses, then "pulling out your money", and repeating, I am not grasping this, and why. Why would a house flipper not do this EVERY single time they flip if it is such a great strategy. Is it only to pay off a lender right away with some interest? Buy and Hold is my goal, but is that the same as BRRR? or simply it's refinancing for a reason that clearly I am not catching and is over my head.
Most Popular Reply
William P. I agree! Very important and helps a lot if you already have that part figured out.