Re: BRRRR

Buy, Rehab, Rent, Refinance, Repeat – How many times can you do that in your career?

The answer?

As many as you want.

It’s not often I come across an article online that I really enjoy.

Here is an article filled with common sense, realistic expectations and my favorite acronym – BRRRR.

You can also find it here at this link –   https://www.forbes.com/sites/davidgreene/2018/10/30/how-to-prepare-for-the-next-real-estate-downturn/

In one of the best paragraphs of the article we find this gem:

“In today’s market, we see a much different scenario. I work as a real estate agent in the San Francisco Bay area, and I’ve yet to see any funky, clearly foolish loans from any of the buyers I’ve worked with. Rates are generally fixed over 30 years, do not adjust, and are absolutely reasonable based on the buyer’s income. It’s obvious that home prices are up, but what’s not often talked about is how wages are up, too. Let’s not forget that there have been 13 years of wage increases since 2006. That’s a pretty healthy number. Prices may be higher, but they’ve increased in proportion to wages as well. The danger of a massive wave of loan defaults hitting the market all at once isn’t all that high.”

Did you catch that? “13 years of wage increases” is something we aren’t hearing too much about tucked inside the doom and gloom slowdown headlines.

Check out the article at the link above – it’s going to give you some ammunition when you join us at our last WREIA meeting of 2018 next Monday in Bethesda.

Have you noticed a slowdown in DC area sales?

Has your traffic at open houses been slow?

Where are we headed going into 2019?

I hope you join us at WREIA next Monday.

We are going to talk about THREE KEYS I think are going to be invaluable to your success in real estate in 2019.

Whether you are getting started, beginning to grow, or slowly building your real estate holdings, there will be something for everyone this month at WREIA.

If you’re interested in GROWING your business and adding skills that will help your investing career join us at WREIA on Nov. 12th in Bethesda.

Monday, Nov. 12th at Washington REIA.

Will I see you there?

Bring your questions for the Q&A section.

Save a few dollars and reserve your seat early. Then join us at WREIA – Monday, Nov. 12th. It will be a great meeting to get you motivated, and get some momentum for the final weeks of 2018.

Join us as we enjoy “Three Keys To A Successful ’19 In Real Estate”

Meet real people doing real deals in real estate – right here in the DC/Baltimore area.

Reserve your seat at this link.

John Peterson
Founder, Washington Real Estate Investors Association