Ep.8 Buy-Renovate-Rent-Refinance (BRRR) Strategy

greyscale photography of condenser microphone

Episode 8 of the Property Business Club Podcast

Use the Buy-Renovate-Rent-Refinance (BRRR) Strategy sweeping across North America, which can work just as well in the UK market. Find out more in this episode. To get started on sourcing your wealth building real estate opportunities in London and/or Kent visit https://benjaminpropertyservices.co.uk/services

Podcast script 

Hello and welcome to the Property Business Club Podcast episode 8. I’m Lena Benjamin, strategic property search consultant and project manager at Benjamin Property Services with over 10 years of residential real estate experience. I’m also host of this podcast and founder of topical events and webinars at benjaminpropertyservices.eventbrite.co.uk.

At Benjamin Property Services – we source off-market and below market value properties in London & Kent prime and regeneration areas to transform them into income generating assets for company directors, corporate executives, family offices and other sophisticated investors. You can schedule in a free consultation at benjaminpropertyservices.co.uk/schedule

Today I’m going to briefly outline the Buy-Renovate-Rent-Refinance (BRRR) Strategy and how we can help you purchase a new property portfolio in London and/or Kent. In the next 3 months you could experience an increase in net worth of over three million pounds all with the BRRR Strategy. So let’s go through this wealth building strategy now:

BUY – You buy the property under market value, financially distressed or off-market to negotiate the deal with the vendor. This is where we can help busy professionals like company directors, family offices and corporate executives. How we work is to find those deals in prime and regeneration areas of London and Kent, negotiate the purchase and secure the exchange and completion with the legal representative. We can also help with identifying finance through our preferred suppliers. Get started on this journey via benjaminpropertyservices.co.uk/services 

RENOVATE – Once you have completed on the property purchase this is the time where the renovation begins. Now we would have worked with you to identify the feasibility of work and this can be done with or without the services of an architect. Even better if you have your own team of property professionals. However with a 10 year background in real estate from small refurbishments to large building and infrastructure projects I can provide a strategic overview on what is possible. First and foremost is ensuring the local authority planning department is on board and will grant any permission to convert a commercial real estate to residential dwellings. As mentioned in Episode 7 this will be more likely to be granted because of the Permitted Development Rights for no planning permission needed to convert commercial to residential. Plus the financial saving are huge no higher stamp duty and reduction in VAT. 

RENT – You now can rent the renovated and now beautifully presented real estate to a premium tenant or tenants. We work with PropTech providers that have the algorithms and technology in place to source these types of tenants for the now high-end development. Of course you also have my expertise as a sales and lettings negotiator for multiple real estate agents in London plus my residential landlord expertise project managing refurbishments. 

REFINANCE – Now you have increased the value of the property through the negotiation of buying below market value and the renovation. You have tenants that are empowering your cashflow each month. This is time to refinance and pull all the money out from the deal once the property has been valued via a registered valuer through the mortgage company. Again we have access to preferred suppliers or you may already have your team in place to pull all the money out of this deal to then work on the next opportunity at Buy-Renovate-Rent-Refinance always considering the conversion of commercial to residential. A commercial solicitor and mortgage broker would be extremely advisable.

To get started on your Buy Renovate Rent Refinance real estate journey with us in London and/or Kent visit benjaminpropertyservices.co.uk. If you want to leave a message on the 24 hour 7 days a week client enquiry line on 020 8720 6460. Or request a callback no matter where you are in the world at benjaminpropertyservices.co.uk/callback-request or schedule a call at benjaminpropertyservices.co.uk/schedule. Email clientbrief@benjaminpropertyservices.co.uk.

I’d like to interview successful real estate professionals from around the world for the Property Business Club Podcast, you can schedule in the interview in your timezone by visiting benjaminpropertyservices.co.uk/podcast. I look forward to hearing from you and thanks for listening.

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Written by 

This podcast provides property wealth building opportunities in the UK and Internationally. Together with a mix of thought leadership interviews with successful investors and wealth builders from around the world. Hosted by Lena Benjamin, with over 10 years of experience in property management, real estate and global multidisciplinary engineering consultancy. Visit BenjaminPropertyServices.co.uk/Podcast to schedule your remote podcast interview. Listen, leave a message and support the show at anchor.fm/propertybusiness