Desiree Rejeili
The BRRRR Strategy: A Comprehensive Guide to Building Wealth Through Real Estate Inve
24 January 2025 | 0 replies
The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.
Jeanette Land
Next up: Turnkey property
8 January 2025 | 10 replies
Also, we will be having a free REI networking event Feb 6th if you're in the Milwaukee area.
Ronit Lodd
Best Property Management Software to Scale to 10+ STR Listings? + Direct Bookings
26 January 2025 | 13 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
Alex Fenske
I bought a neighborhood strip center and brought no money to the closing
20 January 2025 | 3 replies
How was the switch to commercial?
Robert Pickett
How to roll over 1031 exchange funds
29 January 2025 | 5 replies
That’s fine but how big is the gain?
Charles J Sabo
Huge news in the conventional loan product space *Hot off the press*
23 January 2025 | 7 replies
There's literally no advertising in the post at all, it's simply a news update on changes to UW guidelines...
Erik Sanders
Mentorship groups/investment clubs for beginners
22 January 2025 | 2 replies
don't buy the hype that you don't.
Marquell Proctor
Hello BiggerPockets! New PRO here
7 January 2025 | 2 replies
Your Lender My suggestion to find #2 & #4 would be to go to the top of this page and click on AGENTS & LENDERS.There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.
Evan Haas
New to the forum, hoping to get started with a multi-family
16 January 2025 | 11 replies
Welcome to the community, Evan!
Alan Asriants
The realities of when you start acquiring more units - unexpected vacancy
14 January 2025 | 9 replies
Annual lease is the way to go.