Lane Kawaoka
Why You Should Avoid the BRRR Strategy
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:11:06
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Synopsis
Summary: The BRRR Strategy (Buy, Rehab, Rent, Refinance) is a hot strategy coined by Brandon Turner of BiggerPockets. The goal is to add enough value to a property so that you can recoup your capital when you refinance. Lane gives his two cents on why this strategy isn't for everyone, especially for individuals who have a higher net worth. Doing BRRR's take up a lot of time and if you're not working with a contractor you can trust, you may end up getting burned.