BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. Investors buy a distressed property, renovate it to force appreciation, rent it out, then refinance to pull their capital back out and repeat the process on the next deal.

A BRRRR analysis compares your all-in cost (purchase + rehab + carrying costs) against the property's After Repair Value and refinance loan amount. The goal is a refinance large enough to return most or all of your invested cash while the rental still cash flows.

Cash left in the deal equals your total cash invested minus the cash returned at refinance. A "perfect BRRRR" returns 100% of your capital. Model the rental returns with our rental property calculator.

Investors typically acquire and rehab with short-term financing like a fix and flip loan, then refinance into long-term financing such as a DSCR loan.