How Much Do You Need To Invest In BRRRR?
A BRRRR is when you're buying the property, refurbishing and refinancing. Some people like to include renting the property and recycling the cash, which is why there could be three, four or five Rs!
How To Get Your First BRRRR
The BRRRR model is, buying the property, refurbishing the property, re-financing and then renting out the property. It's an extremely powerful model, for example, you could have a lump sum to buy one property, £50,000 - £70,000, typically you would be able to buy one property. Then you would need to save up to by the next one, but that takes a very long time.
How To Find BRRRR Property Deals?
In this episode, I will be breaking down the BRRRRR strategy, approaching this type of deal, and getting a house for free because that's the holy grail. If you manage to execute this strategy correctly, you will be able to go again and again and again. The majority of the money I make from my Rent-to-Rent portfolio I reinvest into cash-flowing assets through the BRRRRR strategy. I am making sure that my money is working for me, creating recurring income for today and the future.
What Is The BRRR Property Strategy?
This podcast episode is dedicated to the BRRR strategy. I specialise in Rent-to-Rent; however, I'm very strategic in how I spend the money I earn from my Rent-to-Rent properties. You need to be careful about how you spend your money. It's my personal belief that you should re-invest that money into assets. Once you have re-invested your money into assets, and those assets start to make money, then you can go ahead and spend the money as you wish.
My First Investment Property
It took me around six months to find my first three-bed mini HMO, I remember tirelessly searching for the perfect deal using the knowledge from the courses I had attended…