Investing Strategies from Beginner to Expert
Two of the more popular real estate investing strategies are house hacking and BRRRR investing. House hacking is a great strategy for the beginner who wants to buy a home and also be a landlord. “BRRRR” investing is a more complex strategy but familiar to you if you’ve seen a house flipping show on TV.
BRRRR Investing (Buy, Rehab, Rent, Refinance, and Repeat)
Defined: buying a distressed home, rehabbing it, renting it out, refinancing the loan, and repeating the process with another property. If analyzed correctly, you can recoup most of your initial investment from the value created during the rehab. Your property will appraise for more than your cost (purchase price + rehab costs) and you can extract this equity during the refinancing.
Check out out latest BRRRR deal – a condo just outside of Boston and purchased straight off the MLS. If you don’t think you can buy investment properties in Massachusetts – you’re wrong. Deals are more difficult to come by but with the proper due diligence and a keen eye, you can certainly find an investment that meets your risk/return criteria. And the experienced real estate investors/agents at Blackacre can help.