Kurt Volk is a real estate investor who owns 19 properties in Tulsa, Oklahoma City, and St. Louis. He has been investing in real estate since 2009.
When investing in real estate, the BRRRR (buy, rent, rehab, refinance, repeat) strategy can be a viable method to equalize cash flow. This approach involves many factors, including appraisals and construction financing. So, how can you optimize the BRRRR technique to maximize your ROI?
Real estate investor Kurt Volk advises establishing a clear budget to structure the investing process. This allows you to evaluate renovation and contracting options. It's beneficial to receive an appraisal before completing potential rehabilitations and additions to increase the value of your investment. Kurt leverages a 1031 real estate exchange when refinancing and flipping homes to defer capital gains and maximize equity.
In this episode of The Same Day Podcast, Mat Zalk chats with real estate investor Kurt Volk about investing in real estate using the BRRRR and 1031 exchange methods. Kurt explains how appraisers evaluate rental properties, the benefits of receiving an appraisal before completing a renovation, and how to defer capital gains using the 1031 real estate exchange strategy.
