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Podcast: BiggerPockets Real Estate Podcast
Episode: Does the BRRRR Method Still Work in 2024?
Description: For years, the BRRRR method (buy, rehab, rent, refinance, repeat) was every real estate investor’s favorite strategy. And it’s easy to see why. Using this simple formula, you can buy an outdated property, fix it up, lock in some solid equity, and then refinance, having the bank pay you back all the money you put into a deal. It sounds foolproof in theory, and up until 2020’s hot housing market, it essentially was.But things have changed. Home prices are higher than ever, mortgage rates are still double what they were during 2021, and everyone and their...