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"We've seen the interest in BRRRR fall off a cliff over the last 12 months." Buy a property, a year later your interest rate is 25 or 50 basis points lower and you're able to add a lot of value quickly," Trench said. "That was a real winner in a falling-rate environment. It was also a great time to implement the strategy that's associated with Bigger Pockets: " Buy, Rehab, Rent, Refinance, Repeat," or BRRRR.īRRRR is a way to make quick profits and build up a sizable real estate portfolio, and until recently, market conditions were very favorable for the approach. Trench told Insider in a recent interview that the combination of surging home prices and low interest rates over the last few years made for an environment that was good to novices and pros alike. "The worse you were at rehabbing the property, the slower you did it, the more money you made," says Scott Trench, the CEO of real estate investing platform BiggerPockets. When it comes to the housing market, for the last few years it might've been better to be lucky than to be good.

He also explained what options his listeners are considering in today's higher-rate climate.

He told Insider that prospective investors should be very cautious in today's market.

Scott Trench is the CEO of real estate investing platform BiggerPockets.

Whether you’re looking into commercial or residential real estate, this is a can’t-miss episode.In This Episode We Cover:Locking up your first deal with $0 How commercial real estate can not only be profitable, but safer than residentialThe importance of your inner investor/mentor circleWhether residential or commercial real estate works for your mindsetOffensive vs.Account icon An icon in the shape of a person's head and shoulders. even with no prior knowledge of the space.You may want to bring a notepad and pen, as Matt walks us through advanced strategies such as reverse 1031 exchanges, seller carrying, cost segregations, and triple net leases.

From financing, taxes, mentorships, and more, Matt shows how someone from a completely different field can thrive in real estate. In fact, he did a multi-million dollar deal in his first year in real estate!Minnesota-based health care professional Matt Onofrio helps us break down the stigma behind big commercial deals. Our guest today shows us why this isn’t the case. Many investors look at commercial real estate as a high-risk, confusing, and sometimes scary way to invest.