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Real estate investment has long been recognized as a lucrative venture for those seeking financial growth and passive income. However, navigating the complex world of real estate requires knowledge of effective investment strategies. One such strategy that has gained significant popularity among investors is the BRRRR method. We've broken down its core principles, and how it can help you build a successful real estate portfolio.

What is the BRRRR Method?

BRRRR stands for Buy, Rehab, Rent, Refinance, and Repeat. It allows investors to buy properties, improve their value through renovations or repairs, rent them out to generate cash flow, refinance to recover the money spent, and then repeat the process to continue to build their portfolio.

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Real estate investing can be a lucrative opportunity if you do it right! If you’re just dipping your toes into real estate investing, there is a lot to learn before you make the move to buy your first property. Here are some of our best real estate investing tips to help you in buying your first rental property: 

1. Make sure you’re up for the job

Being a landlord isn’t for everyone. Can you be available for home maintenance issues like clogged toilets or HVAC issues? If you can’t find the time to manage the property, this might not be for you. Although some investors hire someone to handle these issues, that eats into your profits. As a first time investor, you probably don’t have the budget to source that out to someone else, so it’s…

Taking the leap from renting to buying a home is one of the biggest financial decisions a person can make. But did you know than a monthly mortgage payment can often be cheaper than paying rent? 

According to a study done last year by trulia.com, buying a home is 23% cheaper than renting nationwide. To put that into perspective, consider that as of May 2016 the average rent for a one-bedroom apartment in Chattanooga is $792 and a two-bedroom comes in at an average of $965, according to rentjungle.com. This is a pretty hefty sum of money to be putting toward something that won’t be an investment for you in the long run.

With mortgage rates at an incredible low and rental prices only getting higher, there is no better time than now to purchase…