Real Estate Tips HOW TO evaluate a BRRRR
PART 2 - Evaluating Real Estate Deals
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The most common strategy being used right now by real estate investors is the BRRRR strategy.
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With this strategy investors buy a property, renovate it, rent it out, refinance with a lender and then repeat the process. People have famously been able to get houses almost completely for free with this process.
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If you want to learn how to wholesale real estate and actually make money doing it, you'll need to thoroughly understand this process. You'll need to know how to evaluate deals to see if they are a good candidate for the BRRRR strategy and if they are, you'll have to understand it well enough to explain to your cash buyer why it is a great deal.
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The better you can evaluate a wholesale deal, the more likely you are to get a big assignment fee and walk away a profitable wholesaler. Wholesale fees can range between 2k-200k and it depends entirely on your ability to evaluate and offer on the property.
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