What is the BRRRR method?
BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. You buy a property below its potential value, renovate it, rent it out, then refinance based on the higher appraised value. If the numbers work, the refinance returns some or all of your cash so you can buy the next property.
What is ARV and how do you figure it out?
ARV, or after-repair value, is what a property should be worth once the planned renovations are done. We estimate it from recent sales of similar, updated homes nearby on the MLS, adjusted for size, condition, features and location.
What is the 70% rule for flips?
It's a quick filter many flippers use: offer no more than about 70% of the ARV, minus the repair costs. It's a starting point, not a guarantee, since holding costs, closing costs and the local market all affect whether a deal works.
What is the 1% rule for rentals?
A rough screen where the monthly rent is about 1% of the purchase price (for example, $1,500 a month on a $150,000 home). Many properties won't hit it, so it's best used as a first look before a full analysis of rent and expenses.
Can you help with seller financing or other creative financing?
Yes. We understand how seller financing, subject-to, lease options, DSCR loans, hard money and private money work, and we can write those terms into an offer. We always bring in a lender, title company or real estate attorney to review the details, since every deal is different.
Do you help investors find off-market deals?
Yes. Along with the MLS and coming-soon listings, we share off-market opportunities with our investor buyer list when we have them. Join the list and tell us your deal types, price range and areas so we only send what fits.
Can I invest in Florida or Ohio from out of state?
Yes. Many of our investors live somewhere else. We handle showings by video, share our analysis, and connect you with local lenders, inspectors, contractors and property managers so you have a team on the ground.
Can you help with a 1031 exchange?
Yes, on the real estate side. We help you find and buy replacement property within the exchange deadlines (45 days to identify and 180 days to close) and work alongside your qualified intermediary and tax advisor, who handle the exchange itself.
How accurate is the rent estimate?
The Rentometer estimate is based on nearby rentals and is a helpful first look. For a property you're serious about, we'll pull local rental comps and talk through condition, features and demand to give you a more complete picture.
Eric Gross Group are licensed REALTORS with eXp Realty, not financial, tax or legal advisors. Information on this page is educational and is not a promise of any return. Please talk with your lender, CPA or attorney about your situation.