598: How to "Invest on Repeat" with The BRRRR Strategy 01:38:14

    <p>The <a href="https://www.biggerpockets.com/guides/brrrr-method"><strong>BRRRR method</strong></a> can be taught by no one better than <strong>David Greene</strong>,<strong> author of </strong><a href="https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat"><strong><em>Buy, Rehab, Rent, Refinance, Repeat</em></strong></a>, and adorably dubbed “<strong>Sir BRRRR</strong>” by co-host <strong>Rob Abasolo</strong>. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on <strong>buy, rehab, rent, refinance, and repeat</strong> rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a<strong> full walkthrough on his latest BRRRR</strong>.</p><p>This <strong>hillside property</strong> situated in David’s native San Francisco Bay Area has huge potential to become a <strong>cash-flowing, equity-increasing deal</strong>. David is <strong>turning this large home into multiple smaller units</strong> that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations.</p><p>David walks through exactly <strong>how to find BRRRR properties</strong>, telltale <strong>signs of a good (or bad) BRRRR</strong> deal, how to use the <a href="https://www.biggerpockets.com/brrrr-calculator"><strong>BiggerPockets BRRRR calculator</strong></a>, funding options for your BRRRR (from David's broker!), writing up a <strong>contractor scope of work (SOW)</strong>, and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode!</p><p>In This Episode We Cover:</p><p>The first signs that a property may be a<strong> great BRRRR deal </strong></p><p><strong>Using the BiggerPockets BRRRR calculator</strong> to evaluate deals and <a href="https://store.biggerpockets.com/products/raising-private-capital">raise private capital</a></p><p><strong>Financing options</strong> you have when funding (and rehabbing) a BRRRR</p><p>Contractor bids and<strong> BRRRR budgets</strong> (even if you don’t have rehab experience)</p><p>Before photos and David’s exact conversion plan to <strong>turn a single property into a cash-flowing multifamily </strong></p><p>The huge <a href="https://www.biggerpockets.com/blog/number-1-wealth-building-strategy-everyone-should-do"><strong>wealth-building</strong></a> benefits of getting creative when <strong>finding value-add real estate</strong></p><p>And <strong>So </strong>Much More!</p><p>Links from the Show</p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.youtube.com/c/biggerpockets">BiggerPockets Youtube Channel</a></p><p><a href="https://biggerpockets.com/calc">BiggerPockets Calculators</a></p><p><a href="https://www.biggerpockets.com/pro">Biggerpockets.com Pro Upgrade</a> Code: <strong>REPOD21</strong></p><p><a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a></p><p><a href="https://www.zillow.com/">Zillow</a></p><p><a href="https://www.realtor.com/">Realtor.com</a></p><p><a href="https://www.biggerpockets.com/events">BiggerPockets Conference and Events</a></p><p><a href="https://www.rentometer.com/">Rentometer</a></p><p><a href="https://www.the1brokerage.com/">The 1 Brokerage</a></p><p><a href="https://www.biggerpockets.com/blog/real-estate-583">Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang</a></p><p>Books Mentioned in the Show:</p><p><a href="https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?_pos=1&amp;_sid=7b22c937a&amp;_ss=r"><em>Buy, Rehab, Rent, Refinance, Repeat</em></a> by David Greene</p><p><a href="https://store.biggerpockets.com/products/the-book-on-estimating-rehab-costs?_pos=1&amp;_sid=cf2de3b31&amp;_ss=r"><em> The Book on Estimating Rehab Costs</em></a> by J Scott</p><p>Connect with Rob:</p><p><a href="https://www.tiktok.com/@robuilto">Rob's TikTok Profile</a></p><p><a href="https://instagram.com/robuilt">Rob's Instagram</a></p><p><a href="https://www.youtube.com/c/Robuilt/">Rob's Youtube Channel</a></p><p>Connect with David:</p><p><a href="https://www.instagram.com/davidgreene24/">David's Instagram</a></p><p><a href="https://www.tiktok.com/@davidgreeneteam">David's Tiktok Profile</a></p><p><a href="https://thedavidgreeneteam.com/">David Greene Team</a></p><p>Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-598</p>
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