The BRRR Appraisal

Purchase, refurb, end value and how much you genuinely pull back out

The whole promise of BRRR rests on one number: how much of your own money is left in a deal once it is refinanced and let. This book teaches you to work that out honestly before you commit. It covers the numbers that matter and the limits of the rule of thumb, and where to find free evidence for end value, rent, purchase price and refurbishment cost. You will learn the insight beginners miss most often, that the rent can cap the loan, and why the mortgage product changes the answer. The full cost stack includes buying, finance, refurbishment, holding and refinance costs. The appraisal is stress-tested against a lower valuation, a costlier refurbishment, a rate rise, a void and the limits of your own reserves. A complete worked example runs from first viewing to let and refinanced, and the final chapter sets out your calculator in order and the legal questions it cannot answer. Next in this series: “Bridging, Six-Month Rules and Down-Valuations”.

What’s inside

• The only numbers that actually matter
• Where to find reliable local data for free
• Working out true income, not optimistic income
• The full cost stack nobody mentions
• Stress-testing for the bad month, the void, the rate rise
• A complete worked example, start to finish
• Your deal calculator, and the legal questions it cannot answer

Educational material only, not financial, legal or tax advice. Results are not typical and are not a guarantee of income. Freedom Property Academy LTD, registered in England and Wales.