BRRRR Method vs. Turnkey Rentals

Physicians typically earn a good living, however a high income doesn't necessarily ensure a well-funded retirement. It's why workers are encouraged to invest their income over the course of their professions so their money can grow as they work. Retirement funds connected to the stock market, such as 401( k) s and IRAs, are popular methods to grow one's incomes, but many of these accounts are limited by just how much you can contribute each year.

What if you wish to invest more than your retirement accounts will enable? Fortunately, there are other ways to earn more money without putting in additional hours at the office. Real estate is one of the more common ones. While realty investing isn't as passive as lots of claim it to be, it can be a terrific method to produce an additional income stream without a lot of additional day-to-day work.

If you choose to start a realty investing journey, you'll discover that there are a lot of different choices readily available to you. Turnkey genuine estate and the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method are simply two of them. Keep checking out to get a much better understanding of what these genuine estate financial investment techniques entail, the advantages and drawbacks of each, and which may be the better option for you.

BRRRR Method Overview

The BRRRR technique (aka home turning) involves buying a distressed residential or commercial property, renting it, and after that refinancing it to get money to money another rental residential or commercial property (and another, and another).

Here's a streamlined version of the BRRRR technique (we're not including charges or taxes in this example):

Buy a $300,000 house ($ 60,000 deposit