David Greene - Buy, Rehab, Rent, Refinance, and Repeat: The BRRRR Rental Property Investment Strategy Made Simple

Digital Rights Disclaimer

All rights reserved. No portion of this book may be reproduced, distributed, stored in a retrieval system, or transmitted in any form or by any means, (including, without limitation, by electronic, mechanical, photocopy, recording, scanning, or other electronic of mechanical methods) except for brief quotations in critical reviews or articles, without the prior written permission of the publisher. This ebook is licensed and not sold. If you are reading this and did not purchase on .

Praise for

Buy, Rehab, Rent, Refinance, Repeat

I am simply blown away by the way David takes something as intimidating and complex as scaling a real estate portfolio and simplifies it to the point anyone can do it. Buy, Rehab, Rent, Refinance, Repeat is a true gem and guaranteed to make you a better investor and a wealthier individual.

Hal Elrod, international bestselling author of The Miracle Morning

David has committed himself to mastering real estate and it shows! This book has everything youll need to become a black belt real estate investor and build wealth like the pros. From A-Z (or B-R), David covers just what youll need to execute like a master and build wealth.

David Osborn, New York Times
bestselling author of Wealth Cant Wait

This book is what weve all been waiting for! David clearly breaks down each step of the process, with clear details and a meat-and-potatoes approach to sharing exactly how to excel at each step of the process. Mastering BRRRR really WILL help you master real estateand this book will show you how.

Pat Hiban, New York Times bestselling author
and host of the Real Estate Rockstars podcast

The only thing wrong with this book is that it wasnt written sooner! This BiggerPockets classic covers every single step in the process. Best of all, the principles are universal and can be applied to all types of real estate, from a single-family house to a 100-unit apartment complex, and everything in between. The BRRRR strategy as detailed in Davids book is an absolute must-have tool for any successful real estate investor!

Andrew Cushman, real estate investor
and blogger on BiggerPockets.com

David follows up his success with Long-Distance Real Estate Investing with another heavy hitter! Davids first book helps you choose your market, and this one shows you what to do once youve got it. The whole process is covered, with fantastic advice for how to master each step and become a true real estate black belt. If you want a guide for how to build a real estate investing business, you need this book.

Rock Thomas, Founder and CEO of March to a Million

This publication is protected under the U.S. Copyright Act of 1976 and all other applicable international, federal, state, and local laws, and all rights are reserved, including resale rights: You are not allowed to reproduce, transmit, or sell this book in part or in full without the written permission of the publisher.

Limit of Liability: Although the author and publisher have made reasonable efforts to ensure that the contents of this book were correct at press time, the author and publisher do not make, and hereby disclaim, any representations and warranties regarding the content of the book, whether express or implied, including implied warranties of merchantability or fitness for a particular purpose. You use the contents in this book at your own risk. Author and publisher hereby disclaim any liability to any other party for any loss, damage, or cost arising from or related to the accuracy or completeness of the contents of the book, including any errors or omissions in this book, regardless of the cause. Neither the author nor the publisher shall be held liable or responsible to any person or entity with respect to any loss or incidental, indirect, or consequential damages caused, or alleged to have been caused, directly or indirectly, by the contents contained herein. The contents of this book are informational in nature and are not legal or tax advice, and the authors and publishers are not engaged in the provision of legal, tax or any other advice. You should seek your own advice from professional advisors, including lawyers and accountants, regarding the legal, tax, and financial implications of any real estate transaction you contemplate.

Buy , rehab , rent , refinance , repeat : the BRRRR rental property investment strategy made simple
David Greene

Published by BiggerPockets Publishing LLC, Denver, CO
Copyright copyright 2019 by David Greene.
All Rights Reserved.

Publishers Cataloging-in-Publication data

Names: Greene, David M., author.

Title: Buy , rehab , rent , refinance , repeat : the BRRRR rental property investment strategy made simple / by David Greene.

Description: Includes bibliographical references. | Denver, CO: BiggerPockets Publishing, 2019.

Identifiers: LCCN 2018960519 | ISBN 9781947200081 (pbk.) | 9781947200098 (ebook)

Subjects: LCSH Real estate investment--United States. | Real estate management--United States. | Real estate business--United States. | Investments. | Finance, Personal. | BISAC BUSINESS & ECONOMICS / Real Estate / General | BUSINESS & ECONOMICS / Real Estate / Buying & Selling Homes Classification: LCC HD255 .G74 2019 | DDC 332.63/24--dc23

Published in the United States of America
Printed on recycled paper

10 9 8 7 6 5 4 3 2 1

Dedication

To Josh Dorkin and Brandon Turner,

To Brandon, host of the BiggerPockets Podcast and creator of the term BRRRR. You have been the biggest influence on my life in the last year, a terrific friend, inspiring figure, and great role model for what it means to be successful, humble, trustworthy, and noble. Your mind is a catalyst for great ideas. Thank you for your friendship.

To Josh, creator of BiggerPockets and superdad. Thank you for the opportunity youve created for our community and for investors everywhere. Your example in following whats important in life over whats easy is inspiring and encouraging. Thank you for passing me the baton and setting us all up for success.

Table of Contents

Owning real estate has the ability to change lives. When my parents bought their first home around 1985 in Manteca, California, they paid around $60,000. That house is now worth about $375,000. Had they rented it out, the tenants would have paid off the entire mortgage for them during the time theyd owned it. At a 10 percent down payment, my parents would have turned $6,000 or so into $375,000all while letting the tenants create the wealth for them.

Had they applied the cash flow from rent payments toward the loan principal, the loan mortgage would probably have been paid off twice. Had they reinvested that second mortgage amount into real estate, they could have started this same process over with about four new houses.

Imagine the financial power that comes from owning a large portfolio of cash-producing rental property that appreciates in value while the tenants pay your loan down for you. Imagine using someone elses money to fund this portfolio, then taking the wealth youve created and spending those same dollars over and over to buy new properties. With each new property you start a new wealth-building cycle, increase your efficiency and effectiveness, and create equity to fund your next purchase. Soon you end up with a powerful wave, carrying you to financial freedom.