The Ultimate Guide to BRRRR Method: Building Wealth through Real Estate Investment

By: Luke Skinner | January 5, 2024January 5, 2024

Introduction

Are you seeking for a strategy that will optimize profits, make the best use of available resources, and seize chances for rapid expansion in the real estate sector? The pursuit of financial independence by investors often leads them in different directions when it comes to real estate investing. Among these, the BRRRR method is a prime illustration of a disciplined strategy that empowers individuals to capitalize on real estate’s capacity to produce substantial wealth and passive income.

This blog is aimed for those looking to increase their wealth in real estate investments quickly and methodically. This strategy appeals to the investors at all stages because it is in line with the maximization of returns and the seizing of opportunities. The reader will examine a proforma-based model based on the BRRRR method and delve into the benefits and drawbacks of the method in this article.

Background

The BRRRR Method means “Buy, Rehab, Rent, Refinance, Repeat” and outlines a plan and framework investors use to gradually increase their passive income¹. The BRRRR method gained prominence among investors seeking to build a sustainable portfolio with minimal initial investment. By recycling capital through each phase of the cycle, investors can effectively leverage their resources to acquire multiple properties, enhance their value, generate consistent income, and reinvest the extracted equity into further acquisitions. Let’s examine a couple of the data points. The percentage of people who own a home today is 66%, which is lower than in previous years. The percentage of first-time homebuyers fell from 45% in 1990 to 41.6% in 2021.

Additionally, the percentage of first-time homebuyers fell to just 26% in 2022—the lowest amount since data collection by the National Association of Realtors began in 1908². To put it simply, a sizable segment of the populace chooses to rent rather than pursue homeownership or is forced to do so. The US economy will continue to produce a growing number of renters who will never own a home, gradually transforming this nation into a nation of renters due to a number of factors. Here’s where you, the investor, will profit by offering housing to an inevitable renters’ nation. One asset type that none of the well-known S.T.E.M. sectors can alter is this one. This is an aspect of existence. People need a place to live, and by meeting that need with housing, you’re benefiting from both the front and back ends of the market, including passive income, appreciation and tax advantages like 1031 exchanges etc.

Objective

The main objective of the BRRRR approach is to purchase properties at a discount, make improvements to raise their value, rent them out to provide steady income, refinance to take advantage of the extra equity, and then reinvest the money in other properties. The goal of this cycle is to reduce risk and increase returns³. This method is ideal for cash investors or investors with access to private funds with reasonable terms for an acquisition and rehab that ends in a refinance. For this blog and pro-forma reasons we will focus on a cash acquisition model.

The After Repair Value (ARV) of a property and the fact that most banks only permit a 75% LTV (Loan To Value) on the refinance are two crucial pieces of information to know going forward into this blog. The ARV⁴ is a property’s estimated worth following repairs, improvements, or renovations. Lenders, appraisers, and real estate investors use the ARV, which is a crucial statistic, to determine the market value and potential profitability of a property after repairs or upgrades. Investors take into account the present state of the property, the cost of any necessary repairs or renovations, and the possibility of a gain in value once the work is finished when assessing a property for investment purposes. Investors can assess whether a property is a good investment opportunity for the BRRRR method and estimate the potential return on investment (ROI) with the use of the ARV. The objective is to purchase a distressed property where the ARV would make sense at a 75% LTV refinance, allowing you to recover the entirety or close to your investment so you can repeat. Compared to waiting to invest net profits from an income property until you had sufficient funds to leverage a second property, this will enable you to accelerate portfolio growth.

Property Acquisition Guidelines – Renovation And Rental Metrics

When using the BRRRR method, guidelines for property acquisition and metrics related to renovation and rental income are essential. By establishing precise guidelines, investors can be sure to find properties that meet their investment objectives and take into account various factors such as market trends, location, and potential costs associated with renovations. Metrics related to renovation and rental properties are essential for evaluating a project’s viability, comparing renovation costs to projected rental income, and computing return on investment. But the key to success is doing due diligence, which entails doing in-depth investigations, property inspections, and financial analyses to reduce risks and make wise choices. Strong guidelines increase the chances of a successful BRRRR strategy execution by streamlining the investment process and reducing potential hazards. Below I will go through bullet points highlighting:

Property Acquisition Guidelines:

Market Research & Analysis:
- Study local real estate trends, neighborhood growth, and property appreciation rates.
- Analyze rental demand, vacancy rates, and rental income potential in the area via resources such as the MLS or websites such as RentOMeter and RentCast.
Property Inspection & Evaluation:
- Conduct a thorough property inspection by a certified inspector to identify structural, electrical, plumbing, and cosmetic issues. Walk the property(s) with more than one licensed and insured general contractor to obtain multiple bids on needed renovations.
- Assess the property’s potential for value appreciation through renovation and improvements.
Financial Evaluation:
- Calculate the After Repair Value (ARV) based on comparable sales in the area after renovations.
- Determine the maximum purchase price considering renovation costs, holding costs, and desired profit margin.
Networking & Partnerships:
- Build relationships with real estate agents, contractors, lenders, and property managers to facilitate smooth transactions.
Legal & Regulatory Compliance:
- Ensure compliance with zoning regulations, property codes, and any legal requirements before acquisition.

Renovation & Rental Metrics:

Renovation Budgeting:
- Create a detailed renovation budget based on thorough property inspections and contractor quotes.
- Include a contingency buffer (typically 10-20%) for unforeseen expenses.
Value-Add Renovations:
- Prioritize renovations that add significant value, such as kitchen upgrades, bathroom remodels, roofing, electrical, flooring improvements, and curb appeal enhancements.
Time Management:
- Set a realistic timeline for renovations to minimize holding costs and maximize rental income. You want to stay under a 6-8 month reposition period.
Rental Income Analysis:
- Determine competitive rental rates by analyzing similar properties in the area via a comparative market analysis.
- Calculate potential rental income by considering market demand, property condition, and amenities.
- Keep rental rates for a property between the ranges .8%–1.1% of the property(s) ARV⁵.
Tenant Screening & Management:
- Implement a robust tenant screening process to ensure reliable tenants with good rental histories.
- Create lease agreements that protect both the landlord and tenant, outlining rules, expectations, and responsibilities clearly.
- If property management is a factor you want to stay below a 10% PM fee.
Occupancy & Cash Flow:
- Aim for high occupancy rates by maintaining the property well and addressing tenant concerns promptly so the tenant renews lease.
- Monitor cash flow to ensure the property generates positive income after expenses, including mortgage, taxes, insurance, and maintenance.
- Prior to acquisition do due diligence on the insurance cost, reassessments in property taxes, refinance terms and factor in at least a 5% of annual GOI for maintenance.
Refinancing Strategy:
- Prepare for refinancing by ensuring the property meets lender criteria post-renovation, aiming for an appraisal that matches or exceeds the projected ARV. In order to obtain a like kind property to repeat the process you want to stay within a 65%-75% LTV.

One common guideline used by real estate investors when analyzing renovation costs is to set aside between 10% and 30% of the ARV for rehabilitation expenses.

Here’s a breakdown of how this range might be applied:

Light Rehab or Cosmetic Updates:

For properties needing minor cosmetic improvements like paint, flooring, or basic kitchen/bathroom upgrades, the rehab budget might fall within the lower range, around 10% to 15% of the ARV.

Moderate Renovations:

Properties requiring moderate renovations, including significant repairs or upgrades to multiple areas like kitchens, bathrooms, roofing, or HVAC systems, might fall within the middle range, around 15% to 25% of the ARV.

Extensive Rehab or Full Renovation:

Properties needing substantial renovations or a complete overhaul, including structural repairs, extensive remodeling, or addressing major issues, might require a higher rehab budget, reaching up to 25% to 30% or more of the ARV.

It’s crucial to conduct a detailed property inspection and get accurate contractor quotes to estimate the actual rehab costs. Moreover, having a contingency buffer of 10% to 20% within the rehab budget helps cover unforeseen expenses or any additional work that may arise during the renovation process. Remember, while guidelines are helpful, each property is unique, and a thorough evaluation by professionals, along with a detailed cost breakdown, is essential to ensure the rehab budget aligns with the property’s needs and the investor’s financial goals.

These guidelines and metrics serve as a roadmap for investors following the BRRRR method, emphasizing the importance of meticulous research, accurate financial planning, strategic renovations, and effective property management to maximize returns and mitigate risks.

Property Evaluation Guidelines – What To Look For

Examine the neighborhood’s facilities, safety, and accessibility to medical facilities, retail establishments, schools, and transit. Verify any planned construction or infrastructure alterations that could have an impact on the value of the property. Take into account the property’s age and how well it fits your investment objectives; newer homes may require less upkeep and renovations. Personally, I advise concentrating on block-constructed, post-1980 homes with two or more bedrooms. I advise concentrating on block construction because it will reduce the likelihood of structural damage from termites or wood rot. Having at least two bedrooms will also increase your equity and earn you a higher rental rate, which will increase buyer demand when it comes time to sell your property.

There’s no one-size-fits-all answer. The best choice depends on your investment goals, financial capability, risk tolerance, and the specific market conditions. Evaluating each property individually based on its condition, location, potential for appreciation, and alignment with your investment strategy is crucial in making an informed decision.

Refinancing – Timeline And Shifting Markets

Refinancing within 6-12 months during a BRRRR process is a strategic move crucial for an investor’s success in maximizing returns and leveraging available equity efficiently. When maximizing cash-out refinancing you will want to gain access to liquidity as soon as possible for additional investments and expanding their real estate portfolio. Early refinancing helps reset the Loan-to-Value (LTV) ratio based on the property’s improved value post-rehab. Lowering the LTV ratio potentially secures better loan terms and reduces interest rates.

Mitigating market risk is one of the BRRRR method’s main challenges. Because of this, it’s critical to stick to your timeline so that investors can profit from a steady or growing market before any changes or downturns take place. Being aggressive to your timeline will set the stage for continued success in the dynamic realm of real estate investing.

BRRRR Model Example

Let’s take a look at a duplex that I found in central Fl that would be a great BRRRR property. The property asking price is $225k, the duplex needs light renos to bring it to current market standards and a new roof. Estimated rehab amount is $50k putting your all in cost at $275k (not including closing cost). Each unit can be rented at $1500 giving you a yearly GOI of $36,000 and an ARV of $385k. Once the property has been stabilized the goal is to refi as soon as possible and on a standard 75% LTV you would be looking at getting $288,750 back on the refinance leaving the investor with more money than invested into the deal. See below illustration of a proforma based NOI with a 10 year hold after the stabilization of the subject property alongside a line chart showing cash flow over time. From here you can repeat the process indefinitely growing your portfolio at an exuberant rate with a refinance and repeat every 6-12 months.

The pie chart below illustrates the allocation of cash-out refinancing proceeds over a 10-year period for 10 properties. The proceeds are distributed among new property investment funds, rehab costs, cash reserves, and investor profits, demonstrating a strategy of capital recycling. based on the following guidelines as discussed above: Purchase price 65-85% of ARV, Rehab budget <30% of ARV, and keeping rental rates for a property between the ranges .8%–1.1% of the property(s) ARV and then Refi every 6-12 months repeating the process. The proceeds are distributed among acquisition funds, rehab costs, cash reserves, and investor profits as illustrated below.

Comparative Case Studies

Let’s take a look at two case studies of two identical duplex properties, one conducting a comparative case study contrasting outcomes with and without due diligence in the context of the BRRRR method.

Property A: Thorough Due Diligence Conducted

Pre-Acquisition Research: Investor conducts comprehensive due diligence, including property inspection, received multiple general contractor bids, thorough market analysis with an experienced Realtor, assessment of repair costs, and professional tenant screening.
Rehab: Rehab work is based on accurate estimates derived from detailed inspections and several contractor quotes. Budgeting includes contingency.
Rental Strategy: After necessary improvements the listing of the rental property is to be priced aggressively but competitive with the rental market and then adjust if there is a market rejection so you can strive for the highest ROI. Keeping in mind vacancy rate and a future refinance.
Refinancing: Post-rehab, the property is appraised accurately, and the investor secures favorable refinancing terms.

Property B: Surface-Level Research Relied Upon

Pre-Acquisition Research: Limited research conducted, relying mostly on surface-level information, handyman estimates, and assumptions based on word of mouth.
Rehab: Unexpected repair issues arise during the renovation due to poor due diligence, leading to budget overruns due to unforeseen expenses.
Rental Strategy: Property is rented out, but due to overlooked flaws, the rental rate is lower, and occupancy is affected.
Refinancing: Appraisal falls short due to unresolved issues from the rushed rehab, causing a gap in expected refinancing values causing a possible negative cash flow or requiring the investor to take out a lower LTV.

The research and key takeaways from this comparative case study highlight the importance that precise property valuation, market analysis, and repair cost estimation are to the successful implementation of BRRRR. You will be able to set cost benchmarks, realistic budgets, take backup plans, and account for unforeseen expenses with the right due diligence. The success of BRRRR investments is greatly impacted by careful due diligence, as this case study demonstrates. It affects rehab costs, rental income, occupancy rates, and refinancing outcomes.

BRRRR in Action: A Case Study

To showcase how the BRRRR methodology can be implemented, let’s walk through a real-world example.

John is a savvy real estate investor based out of Tampa Fl and is looking for his next BRRRR property. After thoroughly researching neighborhoods using real estate heat maps filtering for cash flow potential, he identifies Lakeland Florida with a population of 115k+. Digging deeper using MLS listings, an investor friendly realtor and market data, John spots a 1240 sqft 3/2 with an asking price of $135k and an ARV of $250k. This falls way below his 65-85% max threshold of ARV. The home was built in 1980 and is outdated and needs a new roof. John connects with his real estate agent to tour it and conduct further diligence with contractor bids. They confirm it has solid bones as it is block construction and has a strong tenant leasing potential.

Since John received multiple bids he was able to get an average bid cost of $35K in renovations, aligning with John’s $30-50K rehab budget range or within the 10%-30% range ARV for rehabilitation expenses. Since John is purchasing cash which removes many contingencies for acquisition and allows for a quick close, he is able to get over a 10% discount and acquires the home for $115,000. John adds a new roof, remodels the kitchen with new cabinets and surfaces, updates bathrooms, paints, adds new laminate flooring and landscapes to update the curb appeal putting shy of $40k into renovations. All in cost are $155,000 putting John into a position to refinance once the property has been occupied. Using information from the Multiple Listing Service (MLS), his top local real estate agent, and other rental analysis websites like RentoMeter, John was able to ascertain that the average rent in this neighborhood is $1850, which gives him a $22,200 gross operating income.

Executing his exit strategy within 6 months, John refinanced at 75% LTV, capitalizing on the increased ARV of $255k post-renovation. Factoring in closing costs and reserves, he netted $171k—a significant ROI. This success fuels his future endeavors, allowing him to repeat the BRRRR cycle, scaling his equity and property portfolio. John’s strategy, grounded in research, strategic renovations, and accurate rental assessments, exemplifies how the BRRRR method can systematically build wealth in real estate allowing John to scale upwards in equity and passive income by adding more doors to his portfolio.

Publicly Traded Stocks Allowing Investment Opportunities Related To The BRRRR Method

Companies like Home Depot (NYSE: HD) and Anywhere Real Estate (NYSE: HOUS) provide ancillary investment avenues. Alongside, firms like Progress Residential (NYSE: PR) and American Homes 4 Rent (NYSE: AMH) directly align with this strategy, owning and managing single-family rental homes across lucrative US markets.

Progress Residential, a major private owner and operator of single-family rental homes, strategically operates in metro areas favorable for BRRRR. Their business model, from acquisition to renovation, leasing, and management, syncs well with investors seeking similar avenues. Similarly, American Homes 4 Rent’s sizable portfolio, especially in markets like Florida, Texas, and Georgia, dovetails into the BRRRR approach, emphasizing property acquisition, upgrades, and rental management.

When considering ancillary options, Home Depot emerges as a crucial player. As the largest home improvement retail chain, it’s a prime source for renovation materials. The influx of real estate investors engaging in property upgrades could significantly boost Home Depot’s revenue. With its strong brand, performance, and the current trajectory of lumber prices, there’s potential for considerable growth in this sector.

Anywhere Real Estate, a powerhouse in residential real estate services, spanning brokerage, mortgage, title, and property management, holds significance. As a major player in these essential aspects of housing transactions, it becomes an invaluable partner for investor networking and executing real estate deals aligned with the BRRRR strategy.

These companies collectively form a comprehensive ecosystem for investors pursuing the BRRRR strategy. Progress Residential and American Homes 4 Rent offer direct exposure to rental property ownership and management in target markets. Meanwhile, Home Depot and Anywhere Real Estate present ancillary opportunities crucial for sourcing materials and facilitating transactions, respectively. Investing in these firms could provide a diversified approach to leveraging the BRRRR strategy within the realm of publicly traded real estate entities. There are also related real estate ETFs/REITs focused specifically on rental properties, home builders, loan originators, and adjacent services that allow investors to gain diversified exposure to the general real estate upside.

Here are some examples of real estate ETFs and REITs that could be relevant ancillary investment opportunities related to the BRRRR real estate strategy:

Rental Focused:

iShares Residential and Multisector Real Estate ETF (REZ) – Focuses specifically on US residential & multi-family REITs.
Invesco Active U.S. Real Estate ETF (PSR) – Holds US-based REITs including apartment, retail, office, industrial and residential.
Vanguard Real Estate Index Fund ETF (VNQ) – Largest US real estate ETF with broad exposure including residential.

Home Building:

iShares U.S. Home Construction ETF (ITB) – Tracks home construction companies & home improvement retailers.
Hoya Capital Housing ETF (HOMZ) – Invests in over 100 US housing industry stocks across home owners & suppliers.

Mortgage Finance:

iShares Mortgage Real Estate ETF (REM) – Focused on US REITs involved in mortgage lending or operating mortgage-backed securities.
VanEck Vectors Mortgage REIT Income ETF (MORT) – Tracks 25 US mortgage REITs earning interest income on property loans.

Unveiling the Potential: How Early BRRRR Success Sparks Exponential Growth in Real Estate

In the realm of strategic real estate investment models like BRRRR (Buy, Rehab, Rent, Refinance, Repeat), there exists a pivotal moment—an “Ah-Ha” moment—that reshapes an investor’s trajectory. Many who embark on this journey often overlook the exponential potential of BRRRR until they’ve traversed a considerable distance. However, unlocking this potential early in the process is paramount for maximizing overall returns. The essence of BRRRR lies in its cyclic nature, revolving around capital recycling and acceleration. It’s within the disciplined execution of the initial cycles—acquisition, targeted rehab, optimized rental management, timely refinance, and strategic reinvestment—that investors encounter tangible moments of revelation. Witnessing $50,000 to $100,000 extracted within a year from an initial $200,000 purchase represents a watershed event. This snowball effect of capital and the visible surge in equity, cash flow velocity, and portfolio expansion are transformative. They reshape the mindset of investors, propelling them towards the exponential flywheel.

Confidence builds, and the hunger to swiftly scale up rental assets takes root. What might have initially been a plan to steadily build a $20 million portfolio over several decades now shifts to achieving that scale within 7 to 10 years. Deeply experiencing the early fruits of BRRRR execution has the capacity to recalibrate expectations and commitment. It shifts the psychology from a linear progression to an exponential growth mindset as multiplying returns materialize across the initial properties. This transformation is pivotal in igniting the hyper-growth phase essential for mastering the BRRRR strategy. The key to unlocking this potential lies in setting the trajectory early on. Ambitious yet strategic acquisition, upgrading, renting, and recycling of investment property inventory become the cornerstone of this journey. Each cycle fuels the next, compounding the returns and propelling investors toward exponential growth.

The “Ah-Ha” moment in BRRRR isn’t just a revelation; it’s a catalyst. It marks the shift from merely participating in real estate investing to mastering the art of leveraging the cyclic power of BRRRR. Early success stories become the beacon, guiding investors towards a path of accelerated growth, wealth creation, and mastery of strategic real estate investment models.

Let’s take a look at an example of compounding interest over a 5 year hold.

With $100,000 to invest, you plan to start flipping houses as an additional job. Your objective is to earn a 50% return on your investment capital in years 1 through 3 and a 33% return in years 4 and 5 over the course of the next five years. Put another way, using your $100,000 capital in year one, you must make a $50,000 profit (remember, after taxes). That is a profit that can realistically be made with two or three solid flips. You will use the profits from the first year to fund even more projects in the second year and every year after that. Your initial $100,000 plus the $50,000 you made in year one (remember no taking money out). Years 2 -5 you will do the same. How fast will that initial $100,000 grow and how much work will actually be required to get it there?⁶

*Chart Illustration By: Flipping deals and power of compounding – BRRRR Investing.*
*(2020, October 24)*

Key Takeaways for BRRRR Success

Adhere to stringent property selection criteria optimized for rehab and rental upside.
Conduct diligent research to accurately project repair costs and rental demand.
Utilize trusted partners for renovation execution and tenant sourcing.
Refinance promptly within 6-12 months of rental stabilization.
Redeploy capital aggressively into additional acquisition opportunities.
Scale portfolio rapidly while closely tracking property metrics.
Remain nimble and responsive to shifts in market conditions.
Allow ample time for proper due diligence before a purchase.
Be conservative in underwriting assumptions and financial projections.
Maintain extensive cash reserves and contingency funds.

By putting these top 10 takeaways into practice, real estate investors can maximize returns, mitigate risks, and build significant wealth over both the short and long-term through effectively executing the BRRRR method. This structured approach coupled with disciplined adherence to critical success factors unlocks the exponential potential of strategic real estate investing.

Problem Statement – Capital, Property Sourcing and Managing Risks

As previously mentioned, investors who wish to earn a high rate of return on their investment and have liquid assets are the best candidates for this strategy. The BRRRR approach to real estate investment is beset by major obstacles that hinder its smooth execution, despite its potential to generate substantial returns and promote portfolio expansion. Finding undervalued properties, accurately projecting renovation costs, managing market risk, locating trustworthy tenants, navigating the complexities of refinancing, and sustaining profitability throughout the cyclical process are among the difficulties faced by investors. These intricate problems pose significant challenges that may limit the approach’s capacity to reliably deliver high-yield outcomes to real estate investors.

You cannot predict what the future holds, even with all the accredited services and due diligence in the world, so when using this strategy, beware of construction delays, low appraisals, market adjustments, and other economic challenges; after all, as they say, high risk equals high rewards.

Impact Statement – Scalability, Due Diligence and Exit Strategy

The BRRRR method’s scalability, which provides a dynamic framework enabling investors to compound their capital efficiently, revolutionizes real estate investment. With this method, exponential portfolio growth is possible without the conventional limitations of small initial capital. Investors can increase their real estate holdings and maximize returns by continuously reinvesting in new ventures by leveraging the recycled equity from each property cycle. For investors looking for long-term financial success, the scalability of the BRRRR method converts real estate investment from a linear progression to an exponential growth model, making it easier to create sizable wealth and diversified portfolios.

Utilizing dependable and trustworthy services is crucial in this method for a successful execution. You will need a general contractor, a property management company that can provide you with accurate rental comparisons, a handyman, a good broker who has access to off-market opportunities or who has insight to value add properties that will soon hit the market, and a good lender who can offer you favorable terms on your refinance. In the end you do not want to rely solely on other sources so it is crucial to meticulously research and analyze properties, accurately assess renovation costs with multiple contractor bids, study the market of interest dynamics, and evaluate rental potential through comparables. Self-due diligence mitigates unforeseen challenges.

Selling your entire portfolio as a whole, using a 1031 exchange⁷ the process in which the owner(s) of an investment property may defer paying capital gains tax on the sale of the property and purchase like-kind property. to roll over funds into a larger and betterquality like-kind asset. If the investors goal is to extract as much equity as possible, selling the vacant, turnkey home for a homeowner looking to pay top dollar as opposed to an investor focused on ROI are all examples of exit strategies that can be looked at when it comes to disposition.

Conclusion and Call to Action

Conclusion:

In navigating the complex terrain of real estate investments, the BRRRR method emerges as a transformative strategy, offering investors a systematic approach to maximize returns and foster sustainable wealth creation. Its cyclical nature, encompassing Buy, Rehab, Rent, Refinance, Repeat, presents an opportunity for exponential growth in property portfolios while mitigating traditional barriers to entry.

The Financial Policy Console stands as a catalyst, providing a platform that converges the expertise of investors, economists, policy experts, and industry leaders. It offers a forum to dissect the challenges within the real estate landscape and explore solutions that ensure equitable access to wealth-creating strategies for every American.

Call to Action:

Join us at the Financial Policy Council, where minds converge to advocate, deliberate, and promote strategies like the BRRRR method. Our aim is to foster awareness, debate while championing innovative approaches that democratize wealth creation. By uniting diverse perspectives, sharing insights, and advocating for policies that support topics such as real estate investment strategies, we can empower individuals from all walks of life to participate in wealth building. Let us collectively strive to create a future where quality and prosperity in real estate are accessible to every American. Join us in shaping this narrative and driving meaningful change within the realm of real estate finance and the FPC.

(Note: *Investing in any company carries risks, and it is important to conduct thorough research and consult with a financial advisor before making any investment decisions. *Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investing in stocks or other securities carries risks, and past performance does not guarantee future results. Always do your own research and consider your investment goals and risk tolerance before making any investment decisions.)

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