Tag Archive for: private money

Intro to BRRRR

Are you looking for a simple, easy-to-use strategy to use on your rental investments? Then we recommend Bigger Pockets’ BRRRR strategy (also known as BARRRR).

Intro to BRRRR

BRRRR/BARRRR stands for:

Buy

Advertise

Rehab

Rent

Refinance

Repeat

For a full introduction to this real estate investment method, check out this video from Bigger Pockets.

Motivational Monday – Accomplish

Friday Fun – It’s Friday

Motivational Monday – Cash Flow

Friday Fun – Great Deal

Friday Fun – Going Into a Deal Like…

Friday Fun – Run Away

Motivational Monday – Price and Value

Friday Fun – Yes, but No

Take Advantage of the Fix and Flip Escalator

Now that you’ve seen the benefits of the Fix and Flip Escalator, let’s talk about what you can do to take advantage of it!

  1. Start with what you have and see how you can enhance it. For example, what are your assets and experience level, and how can you use them to accelerate yourself up the escalator?
  2. Show off your work! Create a portfolio. The more you analyze your project history the more likely bankers and lenders will fight for your business.
  3. Fix your credit. Your credit should range between 670-800+. If it’s below that, you should focus on fixing it.
  4. Keep up to speed on the finance world. Be aware of what products are available to support your current and future plans.
  5. Find people who can help you with the finance stuff. Because, again, math. Ugh!
  6. Create a roadmap to financial success!

By moving away from an expensive partner and heading toward profit boosting cash, you’re sure to make A LOT more money A LOT faster.

Which means you can start fulfilling all of your lifelong dreams sooner.