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BRRRRSTR Breakdown | Luxury Cabin Investment Property
Most people have heard of the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy, as it is one of the best ways to recycle your money into future deals. The BRRRR is proven, works incredibly well, and is a strategy I’ve used successfully several times in the past. However, if you rent the unit as a short-term rental (STR), you can supercharge your return on investment - this is known as the “BRRRRSTR”. The BRRRRSTR strategy combines the principles of BRRRR investing with Short-Term Rentals (STRs) to optimize returns on real estate investments.
How to scale with real estate investing in Calgary | Financial Strategy Deep Dive
The best real estate investment opportunities in Calgary are homes that you can add forced appreciation through a secondary suite or similar house-hack, multi-family property improvements, fix and flips, and targeted short term rentals. In each case, you must find a way to add value on both equity and revenue to succeed.
How to get a high appraisal | Maximize your BRRRR
The best way to ensure a strong appraisal is to establish positive working relationships with your mortgage broker, real estate agent, and lender. You want to work with them to align your goals in a way that is mutually beneficial. Once you have strong relationships in place, you can then leverage real comparables and data to support your recommended valuation. Following these steps will help ensure that you have the strongest chance at maximizing your next home appraisal.