The BRRRR Method: Does it Still Work? (Real Estate Pro Reveals All)
The BRRRR Method: Does it Still Work? (Real Estate Pro Reveals All)
What is the correct method to buying a property? Jenny shares her personal experience using the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), a real estate investment approach that involves flipping a distressed property, renting it out and then getting a cash-out refinance on it to fund further rental property investments.

Part 3 of the 5-Year Review Miniseries. The BRRRR Method: Does it Still Work? (Real Estate Pro Reveals All)

Jenny Bayless is back with part 3 of the 5-year review miniseries using the BRRRR method -if you need a refresh, check out part 1 and part 2-. In this episode, Jenny dives into the details of each step of the BRRRR method, discussing the importance of finding the right property, calculating the potential return on investment, managing the rehabilitation process, tax regulations, insurance costs, finding tenants that will take care of the home, and refinancing at the right time. She also shares her lessons, mistakes, and crucial tips like understanding what a seasoning period is, why you should always get a sewer scope inspection, and more.

Jenny’s Experience

Jenny purchased the first home in 2017 from a wholesaler at $113.000, put 10% down, and funded the rehab which was about $25.000. Now the house is rented at $1,425 with amazing tenants that love the space. One important concept to mention is the seasoning requirement and which is the amount of time that has to pass between your original loan on the property and when the bank is ready to give you a cash out on a new loan on the property.

The BRRRR Strategy

This episode is an excellent resource for anyone interested in real estate investing and looking to turn a distressed property into positive cash flow through the BRRRR strategy. Learn how Jenny managed to buy more properties from 2017 to 2022, and get insider knowledge on how to start building your real estate portfolio today!

Looking to Optimize Your Portfolio?

If you already have a portfolio, optimize it with our in-house consultants for cash flow, appreciation, and generational wealth.

3 Learning Options!
  1. Listen to the previous part of the miniseries “#121: 5 Year Hold Miniseries: Taking A Negative Cash Flow Property to Positive Cash Flow” on the Colorado Springs Real Estate Investing Podcast
  2. Listen to the full episode (at the bottom)
  3. Use our BRRR Calculator Spreadsheet here

In This Episode We Cover

  • Jenny’s first purposeful BRRRR (Buy, Rehab, Rent, Refinance, Repeat) property.
  • How mistakes can lead Jenny to success in future properties.
  • What Seasoning Period means and why you should be aware of it!
  • Jenny’s experience with Seasoning Period (spoiler: had to wait six months with this lender!)
  • Why do you need to get a sewer scope inspection.
  • The benefits of having insurance.

Help Us Out!

We want to know what you want to hear! What struggles are you having in your real estate investing journey? What have you stumped? What will help you level up your investing game?

We want to know!

Please send an email to [email protected] to submit your answers!

Check out the podcast below!

Analyze Before You Buy
Start Evaluating Properties Today with Our Free Toolkit
In a rapidly changing market, having the tools you need to help you analyze the data is critical. Know what the numbers will look like ahead of time so you don't buy a bad deal. Our toolkit is designed to help you thoroughly analyze any kind of deal so you can invest with confidence.
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Authors
Jenny Bayless
Jenny Bayless is an investor-friendly agent with Envision Advisors, Colorado real estate investor, and the host of the Colorado Springs Real Estate Investing podcast.
Similar Post You Might Also Like
Denver
Real Estate Development from Concept to Reality | Deal Analysis
Real estate developer, Adam Fenton, joins us for an in-depth deal analysis of Narrate’s current development project, covering key aspects
Podcasts - Denver
Building Generational Wealth: How to Safeguard Your Real Estate Assets for Your Kids
One of the main reasons many investors get into real estate is to build generational wealth. But over 90% of
Sign Up For Our Newsletter
What do you want to learn today?

All registrants get the recording sent to them automatically.