Videos · Investing
The BRRRR strategy for Baltimore investors
Buy, rehab, rent, refinance, repeat. Stephen, an investor and contractor, explains how BRRRR works on Baltimore rentals and who belongs on your team.
Stephen Wilson · · 2:46
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What this video covers
- BRRRR stands for buy, rehab, rent, refinance, repeat.
- Buy: look for a house priced below its value because it needs work, with room for appreciation or cash flow.
- Build the team before you buy: an agent who knows the area, a home inspector, and a title company or closing attorney.
- Rehab: repairs, new finishes or even an addition, aimed at raising the value and making the home easy to rent.
- Rent: the rent covers the mortgage and expenses and is the cash flow.
- Refinance: a new loan on the higher value pulls your cash back out so you can buy the next one.
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Filmed in 2023, when Stephen was with a different brokerage. This is general information, not legal or tax advice; rules change, so confirm the details for your situation.