I don't have 5 million in real estate but I already don't have to set my alarm if I don't want to most days lol. Congrats to her and her husband who it sounds like she could not have done this without do to him continuing to work and being able to reinvest all the cash flow, not to mention using his 401k. This really is a testament to how much you can do with a supportive spouse.
Her idea of acquiring properties by hospitals and most likely targeting the traveling medical field is perfect for short-medium term rentals. From my experience, tenants that work in this space have always seemed to be much more mindful of my property and have always kept good communication with me about any issues that arise. Another thing that has helped me tremendously with occupying my properties is offering deals for returning guests and for referrals. it gives a sense of comfort having recommended guests stay and the greatest part is that it’s all done organically by word of mouth .
I know this goes without saying, but David is a very wise man and really inspirational too. Thank you Rob and David for all the content you put in day in and out. I haven’t invested in a single property but I diligently watch all your videos and I will be getting ready to do my first purchase.
Love the Shmeedium concept! I relate to this story so well, as im also in PM and have learned a ton from being in the industry. Although, it was only after learning from BP that this real estate thing is so much more attainable than i ever thought, ... if you're willing to work hard in the beginning. We are almost finished with our 1st rehab and getting ready to get our appraisal soon! 🤞🤠
I feel like all these amazing stories come from a different time in a different market. It’s like, “Here’s what you missed out on. If only you had started when the market was good. You missed your window. Too bad for you.”
When the interviewee says "So my husband started another company, a new company, so we just had ALL OF THIS EXTRA INCOME" then I think most viewers will just be like WTF, this is not MY situation.
Right! She was already rich to begin with. She was a stay at home mom. The avg woman has to work. Her strategy was to marry a high earning guy and use his capital to buy assets, which she happened upon by way of a very lucky string of events which could have only happened for an already rich person. Remove her relative randomly, asking her to work for them because she doesn't actually work and a doctor selling her a house for 50% off to start her portfolio never happens. They should have been interviewing her husband.
@user-xe7wc4nb3f how was she rich to begin with?? What a b.s. statement. They had to deplete their 401k and savings to buy a 80k house. Doesn't sound rich to me. Being a stay at home mom means you're rich?? Lol what?? They live in Oklahoma. He probably makes 75k a year. What a judgemental comment. She is clearly the brains behind it all. Why would they interview the husband?? A lot of bad assumptions on your part
@stevend481 you read too many fairytales my friend. The fact remains her husband, whether for her area or in general was a high income earner. That's they only way any of what she detailed could ever have transpired. Her skill is she was pretty enough to acquire the right guy. I imagine the vast majority of people watching this are men and the vast majority of us will never be in her starting situation. (74% of women won't either.) It's more likely that we would be the husband supporting our family. She should be on a dating channel talking to women about the value of choosing a great man and how he can change your life.
What a competitor/Fighter! I learn from family members who works in the medical field that a patient’s attitude when receiving a diagnosis such as cancer is paramount to beat the odds. I’m happy for her and using the situation as a motivator is command-able. Best wishes to Brittney as she continues to crush her goals. I love the goal of having “no alarm clock”. David and Rob thanks for her on the show to share her story with the BP community.
Do you see that someone does ok if they’re like, it’s ok I had a long life but I’m not doing chemo! Or I hate doctors but I’m going to live life to the fullest.
Thank you so much! It was truly a life changing experience & I'm thankful I was able to come out better on the other side. I've heard from others that your attitude when you get devastating news really can help or hurt you, too!
Call me crazy but I've watched this video over and over again! Game on baby!! Thanks for the tips, for the advice! Incredible story! Hard work pays off! I love this channel
IRA - Took out funds from an IRA to buy a small rental in Stone Mountain, GA and sold it for 4x return. Haven’t managed to build a rental portfolio since then. Congratulations on your growth. Where do you find loans for these rental purchases?
Making 110k a year, take home after taxes is 60k max a year for me. Im renting near work for 2850 monthly plus utilities 2 bedroom. After expenses barely can save 400 a month. Canada is a nightmare even with degree period
Thank you!! We have a few properties and have been thinking of going into retirement and equity to finance additional opportunities. There’s so many 🔑🔑🔑 in this video. Appreciate it! Keep up the great work!
@@janedawson1398 I'm not thrilled with the number and especially the quality of prospects on there. I hardly ever get responses when I actively send text messages and emails. 95% completely ignore. By reading inquiry descriptions, many seem picky and some are looking for really short stays like a month or two. They're basically looking for cheap Airbnbs. I keep on going back and forth on renewing. I renewed this year.
Young lady (not sure if you are even younger than me) if you defeat cancer, you don't ever have to prove anything to anyone ever again. I admire the fight. Great work!
The parts when Brittany and Rob talked about nice things when you remodel are so overloocked! 90% of the investor and 99% of flippers just throw cheap stuff and ask top dollars! Disgusting behaviors. Thank you guys for a good episode.
Brittany your insights gave me such great grasps of starting. As a mother, I agree that work was always more predetermined and measurable than parenting. Thank you for sharing. I wish you an easier fight in your health. Take care!
I am an engineer, used to work construction in high-school and college. I'm saving to start building single family rentals. We are moving for my wife's work, she just graduated with her M.S. RN. The market we are moving to is INSANE. Crazy strong seasonal rental market. $60k+/season. I already priced out building homes for $200k that would sell for over $500k. A $200k investment gets a seasonal cash flow of $50k assuming we save $10k for maintenance, etc. If we could get traveling nurses to stay in them during the off season or do medium term rentals it could bring in another $15k. By avoiding debt, especially with high interest rates now, I eliminate the bank taking their cut and maximize the cash flow/profit for each house. I can do with 4 properties what she is discussing accomplishing with 59 properties. WAY easier to manage 4 properties vs 60. Granted they will be amassing equity extremely fast with so many properties as long as the market doesn't tank. I can't imagine risking possibly being upside-down on so many mortgages. I hope they have MASSIVE cash reserves just in case SHTF.
This story doesn't make any sense. She claims $200,000 per year/cash flow in three years. How is cash flow here defined? She admitted to using banks and credit unions to get the mortgages. Even at the former 3.5% to 4%, mortgages must be paid. Is she including these mortgage payments in cash flow? Is she including any of PITI? For me, just purchased a unit and with the 7% interest rates and now losing $400/month. The only reason I can justify its purchase is that I have another house that is fully paid for (I got that unit back in 2012) and with that cash flow of $1400/month, I am paying the $400 month loss and counting on the interest rates falling eventually, after doing a refinance. Of course, I am also counting on rent increases. With only 5.5 million in R/E, how much of it is paid off and how much does the bank own? There is something very strange about these numbers. These numbers don't happen in only three years.
Yes $200k a year is after deducting mortgage payments, taxes, insurance, vacancy, CapEx and maintenance. We would never purchase a property we would lose money on so that’s probably where the confusion is here 😃
Hello, So I would have a few questions if I may? Since you had no money how were you able to secure loans for investing in properties? What process did you use? Since no money in first year for a 80k property? Than you
My wife and I, both in our 40s, married 14 years, 2 kids, only make 155K a year combined together. Only debt is the mortgage. We wouldn't know what to do with $400K a year. I'd like to see these people live on what we do. what could I do with this money to bring in more revenue for to cater for the kids?
Notice how David really digs deep with his follow-up questions so that he can probe valuable/actionable insights out of the guests. He could easily just blow through topics but instead he digs deep to get value out of the interviews. I love it!!
Robs "buy nice not thrice" is basically what we in the firearms world say when people ask us about attachments and training. I always say "buy once cry once" spend more for better quality, may hurt the wallet more than a cheaper alternative, but you get what you pay for usually. I love that saying. I apply it to most of what I do now.
Such an awesome video! I totally relate to you Britany and your experience with cancer. It's life changing. So happy for you! I wanted to ask if the cost to furnish a house for mid term rental is tax deductible, in your experience?
@@brittanyswait hi brittany. When you cashed out your 401k , were you penalized since you are not at retirement age? Did they charge you a 10% penalty or did you do a 401k loan and repaid it as you go along?
Great content and congratulations on your success! Sorry if I missed this in the interview... How much all-in time do you spend running your real estate business (managing the 59 units, researching new properties, etc)?
What area are you investing in? Where I live houses start at $300K. I don't understand the part where you estimate the value of repairs. What final number you need for it to be worth or not to purchase?
You should’ve asked how she bought so many houses so quickly. There’s no way you buy your 1st house by exhausting all savings & 401K to year two owning 10 homes making only $3500 in year one. Did she have an investor??
Thank you for such a wonderful interview and the conversation overall! On a side note, I'm in CA and wonder if you have an advise specific to the current--2023--California real estate investment market. With many new laws in place, it really brings a question if it worth starting RE investments journey in this state... Thank you!
You should talk about the risks too, it’s not all easy. What about that this is all based on a red hot real estate market, as soon as it cools house evaluations go with it and so goes the value of the assets while your borrowing stay the same.
Would love to hear what specific granite product is used? I had thought that quartz rather than granite was becoming essential, but I like the durability of granite, if there is a line that is acceptable to renters. Thanks!
Brittany, I'm so glad that you're doing good you're an amazing person, love your story is very inspiring,I wish you and your family the best, may God bless you'll 🙌 ❤️ 🙏thank you for sharing. 👍
So I’m new to this channel. I help hearing people say I “ran the numbers and it made sense”. Where is a good place to start watching this channel from since I’m completely new here and in the real estate space?
The really old channels with Brandon and Josh, the guy who actually started BP and lived in Colorado. Watching Brandon as a beginner was what really fueled BiggerPockets.
Hi this was amazing , so would you say someone stating to invest should start with a BRRR Single family house or duplex or four plex , appreciate the advice.
I typically tell people if they can house hack their first investment by using an FHA loan and getting a 4 plex that's the best route (considering the numbers work of course). If we had that option available to us we would have definitely done that for our first investment!
Ok so she bought a 80k property, the did a helock witch the interest varies, than they used all there 401k witch you pay a penalty, and they threw in all there savings my question is how much did that property generate?
Being low income and not having money but wanting to get into investing I'm thinking I'd rather buy old and cheap, and fix broken things over time. i.e. a few hundred here a few hundred there is easier than paying $180,000 upfront for a newer nicer property
Unfortunately in California, General Building contractors, although they have the experience and knowledge to re-roof a home, cannot legally do so. Has to be a roofing contractor. And in our area, the decks are more costly to replace or repair than a roof! So our 4 "walk-aways" are roofs, decks, septic and HVAC. These are usually the most costly items. Inside is cake!
Someone please me with some insight… how can someone buy two properties within one year using the brrr method. I hear you have to rent/refinance until after the year?? What am I missing? Also, for investment properties you need at min 20% down so you would have to bank that your cash out refi comes in higher so that you have enough for down payment.. someone guide me…
To have all these properties, do you need a real estate license or brokerage license? Or are all these independently owned without the need of a real estate license?
You definitely catch the deferred maintenence quicker with short term. Our BNB is great - its on a creek property in Kingsport (Tricities) TN minutes from the hospital but with the amount of guests, there's only a few days to a few weeks max before we're back in there looking it over and making sure everything is up to snuff. Plus we love being there - it's beautiful and so peaceful.
Seems like allot of properties to make $200 cash flow. 4 properties usually gives $100k for a long term rental in CA. What state and city do you buy your properties?
Can anyone explain what she means when she is talking short term rental, medium term rental and long term. What are the time frames she is referring to? Thanks!
In general, short-term is less than 30 days (think airbnbs), medium term is 30 days or more (usually 3 month/6 month leases and furnished, think housing for traveling nurses, students, etc.) and long term is 1 year+ leases (standard apartment or rental homes).
I wish i could learn from her. I do worry she's growing too fast. If the market goes bad which it could easily do in 2 years she could lose everything.
there’s always “ifs” in every situation. If you don’t take a risk, you’re always on the couch wondering. Listening to her story she sound smart enough. And clearly stated she’s still working and not solely relying on her investing.
There is no way she can lose everything if the market turns. Her mortgages are fixed and so her expenses are nearly fixed. Her cash flow after expenses is $200k/year. She mentioned all of her medium term rentals also work as long term rentals. The only risk would be something like a moratorium that allows tenants to not pay. But she is diversified in medium term and long term so the medium term rentals would still pay her out of her long term tenants decided not to pay.
@@tom-f5k I don't think that how it works, many investors lost everything when the market crashed , I think it was sometime in 2008. When economy is bad people will stop renting, where do you think the 200k comes from? There is no way she has the income from her other job to cover it all. Your mindset I think is gonna get you in trouble if you stick to that all the time
Shmedium…. As a fat man this term gets used a lot when my “clothes shrink” just got my first BRRRR. Looking to rent medium term to skilled workers staying out of town for months at a time. Lots going on in the area. Love all the info! Thank you!
I don't have 5 million in real estate but I already don't have to set my alarm if I don't want to most days lol. Congrats to her and her husband who it sounds like she could not have done this without do to him continuing to work and being able to reinvest all the cash flow, not to mention using his 401k. This really is a testament to how much you can do with a supportive spouse.
How do you not have to set an alarm?
Her idea of acquiring properties by hospitals and most likely targeting the traveling medical field is perfect for short-medium term rentals. From my experience, tenants that work in this space have always seemed to be much more mindful of my property and have always kept good communication with me about any issues that arise. Another thing that has helped me tremendously with occupying my properties is offering deals for returning guests and for referrals. it gives a sense of comfort having recommended guests stay and the greatest part is that it’s all done organically by word of mouth .
Come on be honest how can you apply acquiring properties without putting 30% down
👍
@@Jepi369 gotta spend money to make money
@@chiefkeef8902 which she clearly did not explain or purposefully hide , how she put 30% down
For 110
Units
@@Jepi369she kinda did though. Cashed in 401k and HELOC to acquire a cheap property worth 150k ARV. Combination of BRRR and Flips after
I know this goes without saying, but David is a very wise man and really inspirational too. Thank you Rob and David for all the content you put in day in and out. I haven’t invested in a single property but I diligently watch all your videos and I will be getting ready to do my first purchase.
Love the Shmeedium concept! I relate to this story so well, as im also in PM and have learned a ton from being in the industry. Although, it was only after learning from BP that this real estate thing is so much more attainable than i ever thought, ... if you're willing to work hard in the beginning. We are almost finished with our 1st rehab and getting ready to get our appraisal soon! 🤞🤠
I feel like all these amazing stories come from a different time in a different market. It’s like, “Here’s what you missed out on. If only you had started when the market was good. You missed your window. Too bad for you.”
When the interviewee says "So my husband started another company, a new company, so we just had ALL OF THIS EXTRA INCOME" then I think most viewers will just be like WTF, this is not MY situation.
💯
Right! She was already rich to begin with. She was a stay at home mom. The avg woman has to work. Her strategy was to marry a high earning guy and use his capital to buy assets, which she happened upon by way of a very lucky string of events which could have only happened for an already rich person. Remove her relative randomly, asking her to work for them because she doesn't actually work and a doctor selling her a house for 50% off to start her portfolio never happens. They should have been interviewing her husband.
@user-xe7wc4nb3f how was she rich to begin with?? What a b.s. statement. They had to deplete their 401k and savings to buy a 80k house. Doesn't sound rich to me. Being a stay at home mom means you're rich?? Lol what?? They live in Oklahoma. He probably makes 75k a year. What a judgemental comment. She is clearly the brains behind it all. Why would they interview the husband?? A lot of bad assumptions on your part
@stevend481 you read too many fairytales my friend. The fact remains her husband, whether for her area or in general was a high income earner. That's they only way any of what she detailed could ever have transpired. Her skill is she was pretty enough to acquire the right guy. I imagine the vast majority of people watching this are men and the vast majority of us will never be in her starting situation. (74% of women won't either.) It's more likely that we would be the husband supporting our family. She should be on a dating channel talking to women about the value of choosing a great man and how he can change your life.
Her strategy/methodology is still valuable to pull insight from.
What a competitor/Fighter! I learn from family members who works in the medical field that a patient’s attitude when receiving a diagnosis such as cancer is paramount to beat the odds. I’m happy for her and using the situation as a motivator is command-able. Best wishes to Brittney as she continues to crush her goals. I love the goal of having “no alarm clock”. David and Rob thanks for her on the show to share her story with the BP community.
Do you see that someone does ok if they’re like, it’s ok I had a long life but I’m not doing chemo! Or I hate doctors but I’m going to live life to the fullest.
Thank you so much! It was truly a life changing experience & I'm thankful I was able to come out better on the other side. I've heard from others that your attitude when you get devastating news really can help or hurt you, too!
Call me crazy but I've watched this video over and over again! Game on baby!! Thanks for the tips, for the advice! Incredible story! Hard work pays off! I love this channel
IRA - Took out funds from an IRA to buy a small rental in Stone Mountain, GA and sold it for 4x return. Haven’t managed to build a rental portfolio since then. Congratulations on your growth.
Where do you find loans for these rental purchases?
I haven’t set an alarm for 30 years. It’s just as AWESOME as you think it would be. 🎯
I can’t wait!!
@Brittany Swait, You are a champion and our hero! Amazing story, strength, and persistence! Kudos, and thank you! :boon
Thank you so much!! 😁
Making 110k a year, take home after taxes is 60k max a year for me. Im renting near work for 2850 monthly plus utilities 2 bedroom. After expenses barely can save 400 a month. Canada is a nightmare even with degree period
Rent is forever and goes up with inflation. Mortgage is a set amount and ends after 30 years.
Thank you!! We have a few properties and have been thinking of going into retirement and equity to finance additional opportunities. There’s so many 🔑🔑🔑 in this video. Appreciate it! Keep up the great work!
I’ve almost completely dropped Airbnb as a platform. Furnished Finder is on game!
There are loads of listings in my area but no reviews.
I’ve used furnished finder for my rental and it was fruitless.
@@janedawson1398 I wish you the best.
@@janedawson1398 I'm not thrilled with the number and especially the quality of prospects on there. I hardly ever get responses when I actively send text messages and emails. 95% completely ignore.
By reading inquiry descriptions, many seem picky and some are looking for really short stays like a month or two. They're basically looking for cheap Airbnbs.
I keep on going back and forth on renewing. I renewed this year.
Brilliant !!! Well done. You guys are inspiration
Thank you!
Young lady (not sure if you are even younger than me) if you defeat cancer, you don't ever have to prove anything to anyone ever again. I admire the fight. Great work!
The parts when Brittany and Rob talked about nice things when you remodel are so overloocked! 90% of the investor and 99% of flippers just throw cheap stuff and ask top dollars! Disgusting behaviors. Thank you guys for a good episode.
Thanks so much! It's easier to sleep at night when you do things the right way :)
As far as design goes, what should we design-challenged people do?
Brittany your insights gave me such great grasps of starting. As a mother, I agree that work was always more predetermined and measurable than parenting. Thank you for sharing. I wish you an easier fight in your health. Take care!
Every time I’m furnishing a home I always remember Rob’s “Buy nice not thrice” 😊
Where do you buy nice items at? Would like to show i have some style in my own property?😊
This is the best video I have seen. Thank you Britany. I want to wake up when I want to.
Thank you so much!!
I am an engineer, used to work construction in high-school and college. I'm saving to start building single family rentals. We are moving for my wife's work, she just graduated with her M.S. RN. The market we are moving to is INSANE. Crazy strong seasonal rental market. $60k+/season. I already priced out building homes for $200k that would sell for over $500k. A $200k investment gets a seasonal cash flow of $50k assuming we save $10k for maintenance, etc. If we could get traveling nurses to stay in them during the off season or do medium term rentals it could bring in another $15k. By avoiding debt, especially with high interest rates now, I eliminate the bank taking their cut and maximize the cash flow/profit for each house. I can do with 4 properties what she is discussing accomplishing with 59 properties. WAY easier to manage 4 properties vs 60. Granted they will be amassing equity extremely fast with so many properties as long as the market doesn't tank. I can't imagine risking possibly being upside-down on so many mortgages. I hope they have MASSIVE cash reserves just in case SHTF.
Exactly! Margins are scary.
Yes. Just closed on a house that sold for $125,000 5 years ago and sold for $250,000
That was amazing. Massive kudos to Brittany! Great interview. Impressive stuff!
This story doesn't make any sense. She claims $200,000 per year/cash flow in three years. How is cash flow here defined? She admitted to using banks and credit unions to get the mortgages. Even at the former 3.5% to 4%, mortgages must be paid. Is she including these mortgage payments in cash flow? Is she including any of PITI?
For me, just purchased a unit and with the 7% interest rates and now losing $400/month. The only reason I can justify its purchase is that I have another house that is fully paid for (I got that unit back in 2012) and with that cash flow of $1400/month, I am paying the $400 month loss and counting on the interest rates falling eventually, after doing a refinance. Of course, I am also counting on rent increases. With only 5.5 million in R/E, how much of it is paid off and how much does the bank own?
There is something very strange about these numbers. These numbers don't happen in only three years.
Yes $200k a year is after deducting mortgage payments, taxes, insurance, vacancy, CapEx and maintenance. We would never purchase a property we would lose money on so that’s probably where the confusion is here 😃
Hello,
So I would have a few questions if I may?
Since you had no money how were you able to secure loans for investing in properties?
What process did you use?
Since no money in first year for a 80k property?
Than you
u messed up lol why buy something doesn’t regenerate at least break even
My wife and I, both in our 40s, married 14 years, 2 kids, only make 155K a year combined together. Only debt is the mortgage. We wouldn't know what to do with $400K a year. I'd like to see these people live on what we do. what could I do with this money to bring in more revenue for to cater for the kids?
Notice how David really digs deep with his follow-up questions so that he can probe valuable/actionable insights out of the guests. He could easily just blow through topics but instead he digs deep to get value out of the interviews. I love it!!
What is my actions to you or he paid money for you to post a positive review the bullshit review
your honesty is very refreshing Brittany and I hope you're in great health now! Beautiful interview ALL! Thank you for the valuable information :)
Thank you so much, Marianne! 3 1/2 years in remission & feeling better than ever!
OMG, she is GORGEOUS! Love her!
Robs "buy nice not thrice" is basically what we in the firearms world say when people ask us about attachments and training. I always say "buy once cry once" spend more for better quality, may hurt the wallet more than a cheaper alternative, but you get what you pay for usually. I love that saying. I apply it to most of what I do now.
Such an awesome video! I totally relate to you Britany and your experience with cancer. It's life changing. So happy for you! I wanted to ask if the cost to furnish a house for mid term rental is tax deductible, in your experience?
It is tax deductible. I furnish my long term rentals and I’ve deducted every piece of furnishing.
@@tom-f5k thank you so much! How do you convince your tax professional to do that? Ours wouldn't do it
Loved this episode , and loved Brittney very inspiring
Yes. That’s more realistic: $5,000-$7,000 to furnish a short term rental
Your risk of investing your 401K funds into real estate was brilliant!!
Thank you! It definitely paid off!! 😁
@@brittanyswait hi brittany. When you cashed out your 401k , were you penalized since you are not at retirement age? Did they charge you a 10% penalty or did you do a 401k loan and repaid it as you go along?
Great content and congratulations on your success!
Sorry if I missed this in the interview... How much all-in time do you spend running your real estate business (managing the 59 units, researching new properties, etc)?
What do you do if someone trashes your property. How do you reclaim that loss?
Hey guys! Great episode. What is the episode you guys mentioned about goal setting. I haven’t watched that one
Where can you find medium rental rates?
This was very inspirational! Thank you!
Thank you, Stefani!
What area are you investing in? Where I live houses start at $300K.
I don't understand the part where you estimate the value of repairs. What final number you need for it to be worth or not to purchase?
You should’ve asked how she bought so many houses so quickly. There’s no way you buy your 1st house by exhausting all savings & 401K to year two owning 10 homes making only $3500 in year one. Did she have an investor??
Thank you for such a wonderful interview and the conversation overall! On a side note, I'm in CA and wonder if you have an advise specific to the current--2023--California real estate investment market. With many new laws in place, it really brings a question if it worth starting RE investments journey in this state... Thank you!
You should talk about the risks too, it’s not all easy. What about that this is all based on a red hot real estate market, as soon as it cools house evaluations go with it and so goes the value of the assets while your borrowing stay the same.
Great guest! She's an intelligent investor with a well-thought-out philosophy behind all her investment decisions.
Where can I go to learn how to get started in BRRR? Are there courses? Books?
Yes. Good highlight using $50,000 example
Good part 33:47 (note to self)
Great podcast. I really related with her alot l. Thanks for this
Great insight from this interview.
She said she buys 1 or 2 bedroom for mid-term. But, did not say is it a house, condo, what type of property?? Can you please clarify?
They'll never clarify. Just crap follow up.
Would love to hear what specific granite product is used? I had thought that quartz rather than granite was becoming essential, but I like the durability of granite, if there is a line that is acceptable to renters. Thanks!
I would actually love to use quartz instead because there is 0 maintenance on them! We just haven’t found a supplier that fits our budgets yet.
you don't need real quartz stone. There is fabricated quartz that looks nice and it's cheaper!
Brittany, I'm so glad that you're doing good you're an amazing person, love your story is very inspiring,I wish you and your family the best, may God bless you'll 🙌 ❤️ 🙏thank you for sharing. 👍
So how did she get her first property
I wish you can remember the book she read that changed her whole mindset and her goals.
Very interesting, thank you.
Bring you goals up girl!
So I’m new to this channel. I help hearing people say I “ran the numbers and it made sense”. Where is a good place to start watching this channel from since I’m completely new here and in the real estate space?
The really old channels with Brandon and Josh, the guy who actually started BP and lived in Colorado. Watching Brandon as a beginner was what really fueled BiggerPockets.
I renovate properties (even for long term rentals) to be of a quality that I would be fine living in with my family.
Hi this was amazing , so would you say someone stating to invest should start with a BRRR Single family house or duplex or four plex , appreciate the advice.
I typically tell people if they can house hack their first investment by using an FHA loan and getting a 4 plex that's the best route (considering the numbers work of course). If we had that option available to us we would have definitely done that for our first investment!
Ok so she bought a 80k property, the did a helock witch the interest varies, than they used all there 401k witch you pay a penalty, and they threw in all there savings my question is how much did that property generate?
What an inspiring story Brittany ❤
Is the 5mins location from hospital by foot or by car?
are you guys on Rumble?
Brittany's a beast! And a super awesome smile to match!
Thanks so much!! All those years of braces finally paid off 🤣
Amazing 👏 congrats 👏
Thank you!!
How can I get more information please?
I might have missed it but where did she say her location is for all these rentals?
I love you guys already shared with friends haven’t even listened
Thank you!!
What is the time frame that you mean by short and medium terms
Question: is portfolio net worth equal to the total value of the portfolio or do I have to subtract the mortgages?
You would subtract what you owe on the properties to get the net worth 😁
Powering up the BRR with the shmedium rentals is genius.
Being low income and not having money but wanting to get into investing I'm thinking I'd rather buy old and cheap, and fix broken things over time. i.e. a few hundred here a few hundred there is easier than paying $180,000 upfront for a newer nicer property
David can’t help making an analogy on Everything lol great episode!
These videos give me the strength to continue with real estate investments. Thank you! 💪
I will make similar content too!
I need to follow some of these steps. Great information!
Unfortunately in California, General Building contractors, although they have the experience and knowledge to re-roof a home, cannot legally do so. Has to be a roofing contractor. And in our area, the decks are more costly to replace or repair than a roof! So our 4 "walk-aways" are roofs, decks, septic and HVAC. These are usually the most costly items. Inside is cake!
Someone please me with some insight… how can someone buy two properties within one year using the brrr method. I hear you have to rent/refinance until after the year?? What am I missing? Also, for investment properties you need at min 20% down so you would have to bank that your cash out refi comes in higher so that you have enough for down payment.. someone guide me…
To have all these properties, do you need a real estate license or brokerage license? Or are all these independently owned without the need of a real estate license?
You definitely catch the deferred maintenence quicker with short term. Our BNB is great - its on a creek property in Kingsport (Tricities) TN minutes from the hospital but with the amount of guests, there's only a few days to a few weeks max before we're back in there looking it over and making sure everything is up to snuff. Plus we love being there - it's beautiful and so peaceful.
Recap 44:36
Seems like allot of properties to make $200 cash flow. 4 properties usually gives $100k for a long term rental in CA. What state and city do you buy your properties?
The 6:30am alarm clock!!! I'm already pulling into the parking lot at work at that time (said with a big sigh).
Can anyone explain what she means when she is talking short term rental, medium term rental and long term. What are the time frames she is referring to? Thanks!
In general, short-term is less than 30 days (think airbnbs), medium term is 30 days or more (usually 3 month/6 month leases and furnished, think housing for traveling nurses, students, etc.) and long term is 1 year+ leases (standard apartment or rental homes).
I wish i could learn from her. I do worry she's growing too fast. If the market goes bad which it could easily do in 2 years she could lose everything.
there’s always “ifs” in every situation. If you don’t take a risk, you’re always on the couch wondering. Listening to her story she sound smart enough. And clearly stated she’s still working and not solely relying on her investing.
There is no way she can lose everything if the market turns. Her mortgages are fixed and so her expenses are nearly fixed. Her cash flow after expenses is $200k/year. She mentioned all of her medium term rentals also work as long term rentals. The only risk would be something like a moratorium that allows tenants to not pay. But she is diversified in medium term and long term so the medium term rentals would still pay her out of her long term tenants decided not to pay.
@@tom-f5k I don't think that how it works, many investors lost everything when the market crashed , I think it was sometime in 2008. When economy is bad people will stop renting, where do you think the 200k comes from? There is no way she has the income from her other job to cover it all. Your mindset I think is gonna get you in trouble if you stick to that all the time
@@eksinepeople always rent whether bad economy or not tf
I wonder what type of cancer it was. Going through my wife being diagnosed with cancer right now. So happy this lady is doing well now.
Do you think it is wise to sign up for a real estate mentorship program?
Can you please define medium term rentals?
She did not mean survivor she meant competitor. 💪
Yesssss!!!
Good interview
Is there any FULL episode on squaters, troubles with rentals that doesn't pay, laws about evictions etc?
What a strong lady
What is the Bur method?
Don’t be disrespectful to Brandon. He helped a lot.
Another great show ❤🎉
What does BRRRR system mean
Are they buying these properties under LLCs?
Wonderful session
My Dream!!!!!!!!! Let’s go 🎉
Shmedium…. As a fat man this term gets used a lot when my “clothes shrink” just got my first BRRRR. Looking to rent medium term to skilled workers staying out of town for months at a time. Lots going on in the area. Love all the info! Thank you!
Thank you! Clothes....rentals....we love all things shmedium over here! :)
Amazing content as always!
How do you define medium term? And nearby hospitals - How are you marketing to that specific demographic? Traveling Nurses? Or?