Real Life Example of BRRRR Real Estate Investing Method in Canada

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Added 5 years ago by andem

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What is the BRRRR real estate investing strategy? How can you use the BRRRR investing strategy to make money in real estate? This strategy may also be known as a cash out refinance.

BRRRR is a term coined by bigger pockets. It stands for:
BUY
RENOVATE
RENT
REFINANCE
REPEAT

When BRRRRing a property you purchase a distressed or underutilized property, improve it through strategic renovations, then rent it out for a higher value - now because you've improved the property through the renovations + increased rents - you can now have it reappraised and pull out the new equity you've created.

Want to read the book that inspired Matt to get into real estate investing: http://amzn.to/2y7aCqg

In this video (and the next one) Matt walks you through a real life example of the BRRRR investing strategy in action! And shows you exactly how to calculate a successful BRRRR investment!

Early Retirement Extreme: http://amzn.to/2xNamN1
Think and Grow Rich: http://amzn.to/2xMLVPU

http://earlyretirementextreme.com/ At Early Retirement Extreme Jacob goes indepth into the theory behind how to retire within 5 years.
Mr Money Mustache: http://www.mrmoneymustache.com/ and the amazing article that discusses the 4% safe withdrawal rate and the trinity study: http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/

Matt McKeever

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Website: http://www.fieh.ca

Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this YouTube Channel Matt will walk the viewer through how to invest in real estate using such strategies as the BRRRR method while also documenting his personal experience as a real estate investor. Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College. In 2016 he's acquired over 25 units.

As well on this channel Matt will share his personal monthly spending and discuss the strategies and tactics needed to reach financial independence (retire early) at a young age. We’ll discuss such topics as safe withdrawal rates, how to build passive income streams and how to reduce your personal consumption

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