It may be simple to confuse with a sound you make when the temperature levels drop outside, however this somewhat strange acronym has absolutely nothing to do with winter weather condition. BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. This technique has gained quite a bit of traction and popularity in the property community in the last few years, and can be a clever way to earn passive income or build a substantial investment portfolio.

While the BRRRR approach has a number of actions and has actually been fine-tuned over the years, the principles behind it - to buy a residential or commercial property at a low rate and increase its worth to construct equity and increase cash flow - is absolutely nothing new. However, you'll desire to think about each action and comprehend the disadvantages of this method before you dive in and dedicate to it.
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Pros and Cons of BRRRR

Like any income stream, there are benefits and downsides to be mindful of with the BRRRR approach.

Potential to make a substantial quantity of cash

Provided that you have the ability to purchase a residential or at a low adequate cost and that the value of the home boosts after you lease it out, you can make back much more than you put into it.

Ongoing, passive income source

The main appeal of the BRRRR technique is that it can be a reasonably passive source of income