BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago on . Most recent reply
Small multi family homes
I'm 21 and just starting in real estate I wanna scale as quickly as I can I'm looking to buy my first rental property and wondering if it's smart to start out with the BRRRR Method ?
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Whitney Hutten
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Rental Property Investor
- Boulder, CO
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Whitney Hutten
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Rental Property Investor
- Boulder, CO
@Leonel Vanegas why not both! If you househack, you can greatly reduce or even eliminate your number one expense - housing. You can also get in for a low down-payment using an FHA loan. Then you can speed up your savings to invest in other strategies like BRRRR. Just a thought:). This would all be dependent on if it makes sense in your area (I see you are NY). BRRRR is powerful too, as you can recycle your capital over and over to increase your income. PM me with Q's!