New Investor Looking to Learn about BRRRR

Washington, District of Columbia
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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New Investor Looking to Learn about BRRRR

Mitchel Johnson
New to Real Estate · Washington DC · Member since 2024 · 21 posts · 13 votes
Hi all, my name is Mitchel Johnson and I recently graduated from college last year and I am currently working full time in accounting. A few months ago my girlfriend and I bought our first rental property in DC. We’re currently living in it as a house hack, and it’s been a introduction to real estate investing so far. As a next step, I’m interested in pursuing a BRRRR deal or potentially a flip. I’d appreciate any recommendations for books, podcasts, or other resources that helped you understand ARV, rehab costs, and deal analysis.
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Tim KirkPro Member
Member since 2026 · 88 posts · 53 votes
7mo

Listen to two in particular BP episodes...in the search bar, search for "DION"

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  • Tim KirkPro Member
    Member since 2026 · 88 posts · 53 votes
    7mo

    Listen to two in particular BP episodes...in the search bar, search for "DION"

    1Reply
  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    7mo
    Quote from @Mitchel Johnson:
    Hi all, my name is Mitchel Johnson and I recently graduated from college last year and I am currently working full time in accounting. A few months ago my girlfriend and I bought our first rental property in DC. We’re currently living in it as a house hack, and it’s been a introduction to real estate investing so far. As a next step, I’m interested in pursuing a BRRRR deal or potentially a flip. I’d appreciate any recommendations for books, podcasts, or other resources that helped you understand ARV, rehab costs, and deal analysis.
    Listen to Joe Asamoah's epsiodes on the DC podcast.  He is the guy doing BRRRRs in DC.
    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group545 Reviews
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  • Kerlous TadresBusiness Member
    Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
    7mo

    @Mitchel Johnson, I'd recommend starting with J Scott's rehab book and the BiggerPockets Rookie podcast, then practice by pulling 10 sold comps a week and getting a couple contractors to give you rough "ballpark" prices for kitchens, baths, roof, and HVAC so your ARV and rehab numbers stop being guesses.

    [email protected]614-490-1163
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  • Mohammed Rahman
    Real Estate Broker · New York, NY · Member since 2020 · 2k+ posts · 1k+ votes
    7mo

    Hey Mitchel,

    1. Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple by David Greene is a solid introduction. 
    2. On YouTube, there's MeetKevin (a little bit of everything including flipping and real estate finance), Flipping Mastery TV (for flipping) and Lili Invests - Real Estate.

    If there's a local real estate investing (REI) group near you, I highly recommend joining. Many host workshops and events where you can learn how to analyze deals and gain hands-on insights.

    1Reply
  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    4mo
    Quote from @Mitchel Johnson:
    Hi all, my name is Mitchel Johnson and I recently graduated from college last year and I am currently working full time in accounting. A few months ago my girlfriend and I bought our first rental property in DC. We’re currently living in it as a house hack, and it’s been a introduction to real estate investing so far. As a next step, I’m interested in pursuing a BRRRR deal or potentially a flip. I’d appreciate any recommendations for books, podcasts, or other resources that helped you understand ARV, rehab costs, and deal analysis.

    Congrats on getting your first house hack under your belt. One thing that helped me early on was realizing that ARV and rehab costs become much easier once you analyze dozens of deals in the same neighborhoods instead of looking at properties all over the map. The investors I know who scale BRRRRs fastest usually become experts in a very small geographic area first. What part of the process feels most challenging to you right now: estimating rehab costs, projecting ARV, or finding deals that actually pencil out?
    [email protected]786-494-6766
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  • Arman AhmedPro Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 957 votes
    4mo
    Quote from @Mitchel Johnson:
    Hi all, my name is Mitchel Johnson and I recently graduated from college last year and I am currently working full time in accounting. A few months ago my girlfriend and I bought our first rental property in DC. We’re currently living in it as a house hack, and it’s been a introduction to real estate investing so far. As a next step, I’m interested in pursuing a BRRRR deal or potentially a flip. I’d appreciate any recommendations for books, podcasts, or other resources that helped you understand ARV, rehab costs, and deal analysis.

    Honestly, the best way to learn BRRRR isn’t just books and podcasts, it’s analyzing hundreds of deals and getting contractor feedback on rehab budgets. ARV gets easier once you start studying sold comps every day, and rehab costs become much clearer after walking properties and reviewing real contractor estimates. Since you're in DC, it may also be worth looking at out-of-state Midwest markets where BRRRR deals are often easier to find, and the numbers can be more forgiving. Keep learning, but keep underwriting deals too, that’s where the real education happens.
    [email protected]614-418-6081
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