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The BRRRR strategy is a powerful method for growing your rental property portfolio without putting any of your own money into it. The strategy involves buying a property at a discount, rehabbing it, renting it out, refinancing it, and repeating the process. The key to the strategy is buying houses at a discount, which can be done through various sources such as foreclosures, courthouse steps, and wholesalers. Building relationships with wholesalers is a great way to find discounted properties. Direct-to-seller is another way to buy houses at a discount. When it comes to financing the purchase of a property, there are several options available. One popular option is to use a hard money lender, who can fund 100% of the purchase price and rehab costs. Other options include using a home equity line of credit or private money from friends and family. After rehabbing the property, the next step in the BRRRR method is to rent it out. The final step in the BRRRR strategy is to repeat the process, which involves leveraging the power of real estate to grow your portfolio as much as you want. You can repeat the process as many times as you want, as long as the bank will allow you to. The key to success in this step is to learn from each property and get better with each repetition. The BRRRR method is a powerful way to create your legacy and long-term generational wealth through single-family houses.
The BRRRR strategy is a powerful method for growing your rental property portfolio without putting a