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Are you ready to exponentially increase your ROI and net worth? Are you looking for a strategy to enable you to crush your investing goals? Look no further as Bigger Pockets Podcast co-host and best selling real estate author David Greene shares his simple investment strategy; BRRRR.
In this episode of the Nashville Investors Podcast, David goes through his investment strategy Buy, Rehab, Rent, Refinance, Repeat in thorough detail. As David speaks you’ll learn:
The 5 elements of BRRRR
– In depth analysis of selecting and working with contractors
– How BRRRR improves your ROI
– The velocity of money
– How BRRRR makes you a better overall investor through mastery
– How it helped David change from buying 2 properties a year to buying 2 properties per month
David holds nothing back as he takes a deep dive into the BRRRR strategy and, as a result, this episode is PACKED with highly applicable content from beginning to end.
Quotable moments from this episode:
“BRRRR is the order in which you buy properties in order to maximize their value before you pull your money out.”
“I would say that cash flow is a defensive metric. Cashflow is not designed to make you wealthy, cashflow is designed to keep you from losing that asset. If it generates more than it costs to own you’ll never have to worry about it being lost.”
“There are people that will say ‘I’m safer if I leave equity in the house’ and I would vehemently disagree. Equity is adjusted when the market crashes and you can’t stop that. If you’ve got your capital out of the deal the market crashes, who cares? As long as it’s cashflowing you’re going to be fine.”
Resources mentioned in this episode:
BRRRR David Greene
– https://amzn.to/2NPwwXO
Long Distance Real Estate Investing David Greene
– https://amzn.to/30wxvxG
Andrew Cushman Bigger Pockets Podcast Episode
– https://www.biggerpockets.com/blog/bp-podcast-279-how-to-find-overlooked-opportunities-in-a-hot-market-with-andrew-cushman/
Brivity CRM
– https://www.brivity.com/
www.biggerpockets.com/hirecontractor
www.rentometer.com
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