743: Better Than BRRRR!? How to Make $200K+ on ONE Deal w/Janice Stitzer

The BRRRR method is one of the most celebrated, highly-effective real estate investing strategies the world has ever known. Never heard of it? BRRRR stands for “Buy, Rehab, Rent, Refinance, Repeat” and is a simple framework to allow any real estate investor, no matter their skill level, to get into real estate investing for no money at the end of the deal. This down payment recycling system allows you to use the same amount of cash to build a real estate portfolio that’ll expand to infinity. And for a while, the BRRRR method was yet to be bested—until now. Janice Stitzer may have cracked the code. As a house-hacking California native, Janice was pushed out of the golden state right before the last crash when housing prices were high, cash flow was low, and traffic was at a standstill. She and her husband decided to boost their quality of life by relocating to Colorado, where they started a construction company and a BRRRR-ing empire. Then in 2008, when lending screeched to a halt, her BRRRRs died down. But some years later, a new idea hatched—the BRRRR 2.0. Using this simple strategy, Janice got a brand new short-term rental that cash flows like crazy, all while gaining $200K in equity before her first guest checked in. This repeatable system can be used by almost anyone and doesn’t require much experience. With just five properties, this “BRRRR 2.0” investing style could make you a millionaire. But you won’t know how it works if you don’t tune in! So, stick around! In This Episode We Cover: The BRRRR 2.0 method and how it unlocks MASSIVE amounts of equity  House hacking in expensive markets and the lowering your cost of living (even in LA) The BRRRR strategy explained and why it’s still one of the most profitable ways to invest The five things to look for when developing land or investing in new construction  Why you NEED a great general contractor at your side ANY time you plan on building  Short-term rental investing and why the cash flow beats consistent long-term rentals  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter How to Succeed in Real Estate Investing Using the BRRRR Method 14 Questions to Ask Before You Hire a General Contractor 4 Vital Points to Consider BEFORE Getting Into New Construction Book Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Connect with Janice: Janice's Instagram Janice's Website   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-743 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices