BRRRR Method

BRRRR is buy, rehab, rent, refinance, repeat — improving a distressed property enough that a cash-out refinance at the new value returns your original capital, which you then redeploy. It works when the after-repair value comfortably exceeds total cost. It fails predictably when renovation runs over, when appraisals come in low, or when rates rise between purchase and refinance, leaving the capital trapped.