@Michael HuntI like to differentiate between BRRRR and stabilized value add (I talk about this in depth on my podcast episode BP 373). 

Every episode goes like this: 1) Owner/seller brings something interesting into the pawnshop for quick sale & cash2) Rick, somehow knows and expert that can tell all of them what it is worth3) Expert tells everyone the item is worth $x4) Rick turns around and tell the owner/seller he can only pay $x-profit for the item5) Owner/seller usually, but not always ACCEPTS LESS THAN WHAT ITEM IS WORTH!