Interested in learning about using the BRRRR real estate investing strategy in Odessa? This class is a deep dive into the strategy of buying properties at a deep discount, rehabbing them, renting them and refinancing out all or most of your money to keep it as a long-term rental. This is called the BRRRR strategy which stands for Buy, Rehab, Rent, Refi, and Repeat. The class includes a qualitative class discussing what the strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence.
Show Notes
A deep dive into the Buy, Rehab, Rent, Refi and Repeat (BRRRR) strategy in Odessa, Texas.
Includes a qualitative class discussing what the BRRRR strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence.
Check out our BRRRR modeling (and other real estate investing strategies) for Odessa, Texas:
https://RealEstateFinancialPlanner.com/model/TX/Odessa/
Topics discussed include:
- Money, credit and skills required
- The style of this strategy (investor/entrepreneurial)
- The stability and scalability of this strategy
- What is your risk exposure and profit speed doing this strategy
- Finding and analyzing deals including any direct marketing suggestions
- The best real estate market conditions for this strategy
- How accessible and available are properties for this strategy
- Whether you can do this strategy with a retirement account
This class was recorded to give investors a solid overview of the BRRRR real estate investing strategy and how it compares to other strategies like traditional buy and hold, Nomad™ and house hacking.
Watch the video version of this class and download the handouts from the live in-person version:
https://realestatefinancialplanner.com/brrrr-real-estate-investing-strategy/
Additional Resources
The following are additional resources mentioned in the class recording:- Return Quadrants - Learn about James Orr's Return Quadrants for better understanding of how real estate investments make money and how much.
- Real Estate Financial Modeling for 300 Cities - See how buy and hold might perform for properties in your local real estate market and see our modeling for implementing a variety of real estate investing strategies using city-specific numbers for over 300 cities.
https://RealEstateFinancialPlanner.com/spreadsheet
What is Odessa Real Estate Investing & Real Estate Financial Planning™ Podcast?
Learn all about investing in real estate in Odessa, Texas with a combination of real estate financial planning and modeling with numbers specific to Odessa plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Odessa).