Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Kyle Phelps
0
Votes |
6
Posts

When starting BRRR is it best to buy with cash or finance?

Kyle Phelps
Posted

I am reading through the BP BRRR strategies book right now. I plan on jumping in head first into real estate investing two months from now. While reading through the book it mentions that buying your first brrr property with cash is ideal. I have always heard that you should invest as little as possible. I dont have a problem buying my first property with cash, I just want to make sure I'm doing the right thing. What are your experiences?

Most Popular Reply

User Stats

1,012
Posts
604
Votes
Brad Hammond
  • Real Estate Agent
  • Portland, OR
604
Votes |
1,012
Posts
Brad Hammond
  • Real Estate Agent
  • Portland, OR
Replied

@Kyle Phelps, what makes BRRRR so powerful is being about to recycle that cash over and over again quickly. If you purchase and rehab a property for $250k, raise the value, and are able to pull all or most of your money out, then you can do it over again.

If you don't have cash on hand, then you will want to get a loan. That is perfectly acceptable but it is not the most efficient way to BRRRR.

  • Brad Hammond

Loading replies...