Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple

David Greene

Publisher: BiggerPockets Publishing Pages: 341 Price: (paperback) $24.99 ISBN: 9781947200081 Reviewed: April, 2019 Author Website: Visit »

In Buy, Rehab, Rent, Refinance, Repeat (BRRRR), David Greene skillfully lays out his nontraditional strategy when it comes to property investment.

Unlike traditional real estate acquisition, in which investors secure a loan, buy the property and fix it up, Greene’s plan changes the order of events. He suggests that investors instead purchase a property with cash on hand, fix it up, then refinance. Refinancing after a rehab has added value to the property, he notes, yields greater reward. That money can then be used to make more deals. Greene notes that renting these properties instead of flipping them is often (though not always) the better choice, as “flipping” has the negative impact of taxes and commissions.

The author dedicates thorough chapters to each of the five BRRRR steps, reinforcing his arguments with real-life scenarios and showing how to maximize efficiency at each stage. To achieve great results, he notes that investors need to reach a “black belt” level of commitment. They attain that level by avoiding a piece-meal strategy that uses random investment advice. Instead, he urges investors to commit to his BRRRR strategy, one that rewards patience, diligence and perseverance.

He also smartly advocates for building a network of talented contacts who are also investors and have specialized knowledge in areas critical to the BRRR cycle, like lenders, property managers, contractors and real estate agents. They become the go-to team for everything from sniffing out leads to explaining the vagaries of construction legal requirements.

Greene is an authoritative guide, laying out his plan in well-organized, easy-to-read prose filled with specifics that readers will appreciate. For each step of the investment process, he offers practical examples to illustrate the bottom line.

Buy, Rehab, Rent, Refinance, Repeat is a valuable primer for those just getting their toes wet in the market, and also for investors who may have gotten their toes burnt once but are ready—using alternative strategies—to try again.

Author's Current Residence
Denver, Colorado
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