I believe @brandon Turner coined the term but the strategy is to buy a discounted property that needs some work.

Read this:https://www.baynews9.com/fl/ta...There are always 2 sides to a coin.

I turned $50k into $300k in the crypto bubble of 2017, only to have my profits evaporate in the crash of 2018.

And when we meet with a potential listing client OR an off-market lead, we share both sides of the coin. 

It always give me the heebie jeebies when it suddenly becomes extremely popular to do something like buy crypto-currencies or flip houses.

We just purchased our first rental property, a 4-unit, all 1bed/1bath, coin laundry in basement, and 4 car garage in the rear.

Later I learned that the phrase Brandon Turner coined as the BRRR strategy is exactly what I did, and boy did it work wonders.

Also other lenders have shared with me that because the name has the word "lodge," there are coin washers and dryers, the doors have electronic locks for each room, and the rooms are numbered, this makes it commercial. 

its a coined term.. but basically it just means buying  a house that has been rehabbed or is in great shape and will need no major repairs and or is already rented with a PM in place. 

The crypto market is currently experiencing one of the most significant downturns in the past 18 months.