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BRRRRing Through Chicago

Mark Ainley - Wednesday, September 23, 2020
BRRRRing Through Chicago

What does it mean to be a BRRRR investor? First, lets answer the question: ”what is BRRRR?”  This is actually an acronym that breaks down the steps of a specific real estate investment strategy. The aforementioned investment model has become a very popular way for people to invest in properties. Value can be added to the property and the owner can spend minimal amounts of their own funds. 

  • B-Buy

  • R-Rehab

  • R-Rent

  • R-Refinance

  • R-Repeat

The less money left in a deal after the refinance step, the more successful of an investment it is said to be. 

Related: Why Investing In Chicago Makes Sense

As investors, we turned our focus to using the BRRRR strategy in 2008 before the term was even being coined. I wish that I was the one who would have thought of the idea to name the strategy first. To me, the framework of this strategy was just a simple way for me to invest the least amount of money out of pocket and I repeated it over and over again.

I recently sat down with the team at Roofstock, and we went over many of the mistakes we made on our journey to use the BRRRR strategy hundreds of times over the last 15 years. This show focuses on the issues we encountered, ways we would have done it differently, and processes that really worked for us.  

https://podcasts.apple.com/us/podcast/the-remote-real-estate-investor/id1502473360?i=1000491516006


Check out the show but also reach out to us today to discuss the top items you need to know if you want to be a successful BRRRR Investor.  

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Author

post.authorName
Mark Ainley
Investor, Managing Broker, and Property Manager
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased...
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased over 4,000 properties, featured on CNBC’s TV show The Deed, co-host on Chicago's AM560 Real Estate Revealed Radio Show, and invited to speak & sit on panels at numerous investment summits across the country. I have also been blessed with the opportunity to be a guest on over 30 top podcast platforms. GC Realty & Development, LLC, currently manages over 1,200 investment properties throughout the Chicagoland area. In 2019, 2020, 2020 and 2022, GCR&D was featured on the Inc. Magazine list of top 5,000 fastest growing companies in the United States. I take great pride in providing valued feedback to beginners and less experienced entrepreneurs on what steps not to take or what steps to take sooner in growing a younger business.
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