BRRR STRATEGY NEED HELP!

[Latasha Shipman]

Greetinfs!

I am slightly confused on how the BRRR strategy can help out in my investing needs.

I recently purchased an investment property for $23,000 in cash. It was appraised for $42,000. I have been hearing non stop about a particular investing strategy called BRRR!

Based on the information given, could someone elaborate on my next steps as it pertains to using the BRRR strategy? Also, if possible give pros and cons.

[Travis Beehler]

Hi Latasha,

Check out the Education section at the top of your screen. That'll be able to help explain things better. But, quick thing is that you'll be able to go to a lender, get a 75% LTV loan, and they will cut you a check for $31,500 (Before closing costs, taxes, etc.). Take that money, and go buy another $23,000 house if you can!

I'm really boiling it down here, so I would highly suggest going to the Education section first.