RCN Capital Blog

The Rise of BRRRR: A Broker’s Guide to Helping Clients Build Wealth

Written by RCN Capital | Sep 17, 2019 4:00:00 AM

If you’ve been in the real estate game for a while, you’ve probably noticed a shift in how investors are approaching the market. Gone are the days when everyone was solely focused on flipping properties for a quick profit. Today, more and more investors are turning to the BRRRR strategy—Buy, Rehab, Rent, Refinance, Repeat. As a broker, you’re in the perfect position to help your clients capitalize on this powerful wealth-building tool.

In this blog, we will break down the BRRRR method, why it is becoming popular, and how you can walk your clients through each step. Whether your clients are experienced investors or new to the game, this guide will enable you to add value to their investment experience.

What is BRRRR, and Why is it So Popular?

The BRRRR strategy is a proven way to build wealth through real estate. Here’s how it works:

  1. Buy: Purchase an undervalued or distressed property.
  2. Rehab: Renovate the property to increase its value.
  3. Rent: Lease the property to generate rental income.
  4. Refinance: Pull out equity through a cash-out refinance.
  5. Repeat: Use the refinanced funds to buy another property.

This technique enables investors to recycle their funds, create a portfolio of income-generating properties, and accumulate wealth in the long term. And as a broker, you can help your clients implement this technique successfully.

Step 1: Buy the Right Property

The first phase of the BRRRR technique is the discovery of a suitable property. Your clients must identify undervalued or distressed homes in markets that have high rental demand.

How Brokers Can Help:

  • Market Research: Use your local market expertise to identify neighborhoods with high rental demand and growth potential.
  • Property Analysis: Help your clients evaluate potential properties based on factors like purchase price, repair costs, and after-repair value (ARV).
  • Negotiation: Assist your clients in negotiating the best possible price for the property.

By helping your clients find the right property, you set them up for success in the next steps of the BRRRR strategy.

Step 2: Rehab for Maximum Value

After your clients buy a property, the next step is to restore it. The objective here is not to construct a luxury home—it's to make the property habitable and appealing to renters.

How Brokers Can Help:

  • Contractor Recommendations: Connect your clients with trusted contractors who can handle the renovations efficiently and within budget.
  • Budgeting: Help your clients create a realistic renovation budget that maximizes ROI without overspending.
  • Quality Control: Ensure the renovations meet local building codes and rental market standards.

By guiding your clients through the rehab process, you help them increase the property’s value and rental potential.

Step 3: Rent for Cash Flow

With the property restored, the next move is to obtain tenants and begin generating rental revenue. Cash flow is the BRRRR strategy's lifeblood, so setting the appropriate rent and securing dependable tenants is imperative.

How Brokers Can Help:

  • Rent Analysis: Use your market knowledge to help your clients set a competitive rent that maximizes cash flow.
  • Tenant Screening: Recommend tenant screening services to ensure your clients find reliable renters.
  • Lease Agreements: Provide templates or resources for creating comprehensive lease agreements that protect your clients’ interests.

By helping your clients secure steady rental income, you ensure their property is cash-flowing and ready for the next step.

Step 4: Refinance to Pull Out Equity

After renting the property and earning income, your clients are able to refinance and tap their equity. This process is important since they're able to recycle their original investment and use it to invest in another property.

How Brokers Can Help:

  • Lender Connections: Partner with lenders like RCN Capital to offer your clients competitive refinancing options.
  • Equity Analysis: Help your clients calculate how much equity they can pull out based on the property’s current value.
  • Refinance Strategy: Guide your clients through the refinance process to ensure they get the best possible terms.

By helping your clients refinance, you enable them to reinvest their capital and continue building their portfolio.

Step 5: Repeat the Process

The last step in the BRRRR process is to do it all over again. Using the money from the refinance, your clients can buy another property and begin the process anew. With time, this process enables them to accumulate a portfolio of cash-flowing properties and increase their wealth exponentially.

How Brokers Can Help:

  • Portfolio Growth: Help your clients identify new investment opportunities and expand their portfolios.
  • Ongoing Support: Provide ongoing guidance and resources to help your clients manage their properties and maximize ROI.
  • Networking: Introduce your clients to other real estate professionals, such as property managers and contractors, to streamline their operations.

By supporting your clients through each step of the BRRRR strategy, you position yourself as a trusted advisor and valuable partner in their investment journey.

Why Brokers Should Partner With RCN Capital

At RCN Capital, we know the special needs of real estate investors—and the brokers that serve them. Here's why brokers prefer to work with us:

  • Flexible Programs: From fix-and-flip financing to long-term rental funding, we provide solutions to suit your client's requirements.
  • Fast Closings: We can close loans in as few as 10 business days, helping your clients move quickly on opportunities.
  • Broker-Friendly: We value our relationships with brokers and offer competitive commissions, fast approvals, and dedicated support.

By partnering with RCN Capital, you can provide your clients with the financing solutions they need to succeed in the competitive world of real estate investing.

Conclusion: Be the Broker Who Helps Clients Build Wealth

The BRRRR strategy is a powerful way to build wealth through real estate, and as a broker, you’re in a perfect position to help your clients succeed. By guiding them through each step of the process—from buying and rehabbing to renting and refinancing—you can help them build a portfolio of cash-flowing properties and achieve their financial goals.

And when it comes to funding, RCN Capital is here to assist you every step of the way. Whether your customers are house flipping, constructing new builds, or investing in rentals, we've got the answers to assist them in their success. Ready to take your brokerage to the next level? Connect with RCN Capital today to discuss our real estate financing solutions and how we can help you grow your business.