If you’ve been on BiggerPockets recently, or are involved in REI at any capacity, you’ve more than likely heard about this trending investment term.
It’s known as BRRRR.
When I first saw the term, I wasn't sure what to think.
I'd receive emails with subjects that said, "Check out this BRRRR deal!"
Did it mean a really, really cool deal?
Didn't make sense to me.
After some quick investigation, I learned BRRR was actually an acronym that stands for: Buy, Rehab, Rent, Refinance, Repeat.
Brandon Turner, VP of Growth at BiggerPockets, coined this catchy, new term.
Now, there’s nothing new about this strategy. It’s sort of just a hybrid between “Buy and Hold” and “Fix and Flip”.
In fact, even though we didn’t use the term BRRRR back then, this is exactly how my business partner and I got started back in the early 2000s.
So, what exactly is this method, and why has it become so wildly popular?