brrrr book review David greene

Book Review: The BRRRR Rental Property Investment Strategy Made Simple

I am an avid reader, and there is nothing better than getting an excellent book recommendation from a friend who is in the same professional arena as you. I am “old school” and love nothing better than the feel of a book, although my girlfriend, for my last birthday, was so fed up of me stuffing books into my carry on, that she bought me a kindle, so now I can travel (hopefully in the future) much lighter!

I am one of these people that live by the mantra of “knowledge is power,” but in one of my “aha moments,” I always think that the knowledge you learn is only powerful when you use it to your best advantage. Anyone can gain experience by reading, online videos, social media, etc. etc., but the key is using that knowledge to ultimately make some money from what you have learned.

With this in mind, I want to share with you all a great book from a great author that I have learned from, and that is ‘ Buy, Rehab, Rent, Refinance, Repeat,’ yes folks, the hot trending topic of The BRRR Strategy. In this book, you have all the information you need in one place, to use this knowledge and become an expert in this particular real estate arena.

Greene is a former police office and real estate investor with more than nine years of experience. He has rehabbed 35+ single-family rental properties, has shares in multifamily apartment buildings and is a top producing realtor at Keller Williams. He has helped people achieved total financial independence through real estate, and this book is his second book on a real estate topic.

To give you a heads up, the BRRR method (makes me feel cold just reading this!) is when you buy a property to fix it up, improve its value, and then refinance. You are, in effect, borrowing against the value of the property at its highest. If you become an expert in this method, you can recover more frequently, all of the money you invested in the property. The acronym for BRRR is BUY, REHAB, RENT, REFINANCE.

Without going into the process in this article, as it is pretty detailed, in his book David shares the exact system and procedures used to scale his particular experiences from buying two houses per year to buying two houses per month using the BRRR method. It teaches you an easy to follow strategy to grow your business quickly without a lack of cash getting in the way of making it happen.

You will learn from Mr. Greene, how to get started even with limited capital, how to identify target properties in your ‘farm’ area or nationwide, negotiate terms for making offers that get accepted, how to recover a 100% (or more) of your money in a deal.

He also explains unique ways to identify increasing emerging markets destined for massive growth due to regentrification and how to recruit top talent to work on your deals, so in turn, they build wealth for you personally.

Although this is a complex strategy, the author has simplified it through breaking the process down into manageable steps with clarity and thoughtfulness. So, for all you budding investors go and gain some knowledge and turn it into power!

Gina Stern

Gina Stern

Gina Stern is a property investor who has been flipping homes for the past twenty-five years and has had many years of experience in the Real Estate Arena. She is passionate about passing her knowledge and experience onto other investors whether they be newbies or seasoned. Her other great passion is writing, that is why she is very honored to be part of the Property Onion Educational Team. Her specialty has been in commercial investing, mainly investing in shopping centers and strip malls, but she is now excited to be fixing and flipping in retirement communities.

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