Glossary – B

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Buyer’s Agent

The buyer’s agent is a licensed real estate agent. During the property purchase, the buyer’s agent represents the buyer’s interests. Likewise helps them navigate the real estate market and home buying process.

Buy and Hold

Buy and hold is the real estate strategy for long-term profit. The investor buys a rental property such as multi-family units. Rental units create income over time which is the reason why investors hold on to it. The main factor in generating profit is the demand for rentals and traffic patterns.

BRRRR

The BRRRR strategy refers to the Buy, Rehab, Rent, Refinance, Repeat. Investors who buy the fixer-upper and make a profit out of it, use the method repeatedly. In essence, the strategy is to rent an improved property, seek a new loan, and repeat the process.