What Is BRRRR?
Buy, Rehab, Rent, Refinance, Repeat. The BRRRR strategy lets investors recycle the same capital across multiple properties — building a rental portfolio without tying up all their cash in one deal. In CT and MA, it's particularly effective in tertiary markets where distressed inventory is available at meaningful discounts.
Step 1: Buy
The deal is made at acquisition, not at sale. BRRRR investors target properties 20–35% below after-repair value (ARV). Your investor-friendly agent helps you identify motivated sellers, distressed properties, and off-market opportunities that fit your parameters.
Steps 2 & 3: Rehab & Rent
A smart rehab targets forced appreciation — improvements that add the most value per dollar spent. Your agent's contractor relationships matter here. Once rehabbed, the property should rent at market rate or above, establishing the income history needed for a cash-out refinance.
Steps 4 & 5: Refinance & Repeat
A DSCR or conventional cash-out refinance based on the new appraised value pulls your equity back out — ideally returning most or all of your original investment. That capital goes into the next deal. Your agent should have lending relationships to streamline this step.
Franco Malagisi, Artisan Home Network
Real Estate Agent Matching Service
Licensed in Connecticut and Massachusetts, affiliated with Marr & Caruso Realty Group LLC. Artisan Home Network connects buyers, sellers, and investors with qualified local professionals across CT and MA.