Secrets behind BRR Property Investing Strategy from Kevin Wright

BRR is a fantastic strategy for serious property investors, who would like to grow their property portfolio as quickly as possible. Property Filter is a crucial tool that will help you focus on generating hot leads, assessing numbers and moving on from research and admin to negotiating deals.

We had the enormous pleasure of hosting Kevin Wright, a property expert, author and speaker at this week’s Deal Finder’s Corner. Kevin has an impressive 30 years of experience in the property business and has been educating and helping proactive property investors and deals sourcers in achieving their goals for over a decade now.

BRR (Buy-Refurbish-Refinance)

One of his favourite strategies is BRR (Buy-Refurbish-Refinance), which allows you to pull money back out of a property deal. It works as follows: you purchase a property below market value, add value to the property through refurbishment, and then refinance it at the new market value, pulling back some or all of your initial investment. With this approach, you can either rent the property out or sell it (B2L, SA, HMO, Flip). The beauty of this strategy is that you can recycle that cash over and over again, pulling out your money each time, which enables you to rapidly build your portfolio. Additionally, you can use bridging finance to fund the purchase, repaying the bridging loan once the property is refinanced with a buy-to-let mortgage.

Once you have chosen BRR as your strategy, using Property Filter will help you find great deals in no time. After defining your area, it’s time to set the strategy. You can either go for BRR be more specific by choosing one of the following options:

HMO PD Conversions – Existing HMO in Article 4 – 1->2 beds conversions – Short Leases – Lease Options (Negative Equity) – Flips – Buy to Let 2 or 3 beds

No matter what you decide, Property Filter will enable you to:

• Compare all market insights using real-time database

• Find properties below market value

• Identify motivated sellers

• Perform due diligence

• Assess deals quickly using built-in calculators and comparables

• Organise your viewings calendar

• Utilise functional Follow-up-System 

Ultimately, you’ll be able to make more great deals and achieve your goals faster.

BRR is a fantastic strategy when executed wisely: by focusing on the carefully selected hot leads from motivated sellers and reducing risks through precise calculations. If you would like to follow in Kevin’s footsteps and build your own property business make sure you are using the right tools to speed up your journey.

For more insights on mastering property investment, watch Deal Finder's Corner Episode 2 with Kevin Wright on our YouTube channel.

Don’t wait and sign up today for a FREE 14-day trial with Property Filter.

Additional Resources

• The Best BRRR Deals for 2024? with Adam Lawrence

• 50+ BRR Deals & Business Success: Top Tips & Tactics from Terry Blackburn

• Unlocking Property Investment Success: The Power Of Lease Options With Barry White

• Riches When Others See Rags with Hayley Andrews

• 5 Creative Strategies To Make The Most Of Lease Options From Shimon Rudich

Deal Finder's Corner is your weekly property talk show, proudly brought to you by Property Filter. Our mission is to equip you with the best resources by inviting expert guests to share the most up-to-date and effective strategies, tactics, and insights for finding and securing property deals across the UK.