Everyone loves a good BRRRR. You take an old, outdated, and for Tarl, trash-filled house, and turn it into something beautiful. Instead of flipping the house, you do a cash-out refinance, keep your equity in the home, and sit back as your cash flow and appreciation pile up. This is what Tarl COULD have done on this hoarder house up in Washington, instead, he and his team flipped it.
As a “recovering house flipper”, Tarl knows how great it can be to walk away with tens of thousands after a successful flip, but he also says that this is his biggest regret. Trading a small amount of cash now for an enormous amount of potential cash flow in the future is a good way to get yourself stuck in a never-ending flip cycle, instead of building long-term wealth.
Tarl walks through the acquisition of the property, the rehabs costs, and some truly stunning before and after pictures. Tarl also touches on how smart land development could have netted him millions if he knew what he does now, back then. Learn from Tarl’s mistakes and always calculate your BRRRR rental potential before putting a flip on the market!
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Flipping vs BRRRR Investing:
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How to Properly Analyze a BRRRR Property:
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Land Development 101: Choosing the Right Parcel of Land 🏠
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Why Investors Should Ask for a Seller Assist When Buying Property:
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@tarlyarber or
00:00 The BRRRR That Got Away...
01:58 Exterior Pictures
02:52 Pro Tip: Master Your Skill, THEN Add On
04:53 Interior Pictures
06:43 Acquisition Costs & ARV
08:50 Pro Tip: Who You Hang Out with Matters
10:41 After Photos
12:14 Final Numbers
14:37 What if Tarl Kept it as a BRRRR?
17:37 Pro Tip: What Lens are You Viewing Properties Through?
23:12 Multi-Million Dollar Development Mistake
Recommended Reading >> bit.ly/32kRpzw
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