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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.
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31 January 2025 | 7 replies
Hey bigger pockets family, I'm facing a dilemma that consists of me choosing whether or not to buy a tiny home and put it on my current home's property, creating an ADU to rent out or to save that money that I would put into the tiny home and save for my next purchase.
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9 January 2025 | 12 replies
It is in my book (available in January) and the score sheet is part of my forms package available for purchase.
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28 January 2025 | 3 replies
Hello- I am considering purchasing a property that is a main home (3 bed 3 bath) with an attached apartment over the garage (1 bed, 1 bath) with separate entrance.
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17 January 2025 | 19 replies
Specifically, I am looking at partnering with an individual who owns securities (stock and mutual funds) having them take out a line of credit against their portfolio (SBLOC) at a low interest rate, and using that to purchase properties rather than using a mortgage.
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28 January 2025 | 2 replies
Purchase price: $850,000 Cash invested: $335,000 Historic downtown Fargo property.
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23 January 2025 | 2 replies
I purchased a townhome in Fort Mill, SC (Lancaster County) in July 2023.
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13 January 2025 | 9 replies
Start by researching different types of properties, such as residential, commercial, or rental investments, to determine which aligns best with your goals.Building a strong network is also crucial.
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12 January 2025 | 12 replies
I'm currently trying to determine the feasibility for a park on that property.
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12 January 2025 | 11 replies
The credit score and income will help you determine if they can pay and will likely pay on timeThe landlord references, eviction history, and criminal history can help you determine how they will treat you and the property.none of it is full proof, but the more info you have the better.