People like you do nothing good for society. You're only worth is driving up home ownership and rental costs to make it difficult for regular people to even live. Go build an apartment building and stop ruining the market. Get a job that actually benefits society.
Hey Chuck! Sorry you feel that way. Unfortunately you don’t really understand what I do. If you did, you would know that I take run down houses that people can’t afford to fix up and I make them livable and rent them out to amazing families and have very small profit margins. It’s ok to not understand… but ignorantly blasting a stranger on TH-cam is an interested alternative. Have a great day! Hope you are doing well!
Dudes literally teaching you how to make a ton of money. This is tried and true. I quit my god awful factory job and used this exact method to make more money than most doctors. Society isn’t here for you Chuck
@Chuck He's actually teaching you and many others to make money. You should thank them for that. They're not trying to make you buy a course. It's all FREE INFORMATION.
This makes me feel better about doing a refinance on my first investment property. I was kind of scared because I will have another debt on my personal credit. This video puts my mind at ease😊 I just need to make sure it stays occupied and/or make sure I have reserves in the event the property is vacant.
absolutely! When we run our cashflow numbers we account for yes mortgage, taxes, insurance, maintenance, and property management but also VACANCY! It will happen and you might as well have the numbers work to where the issue pays for itself..Because vacancy is an issue (the most expensive one I might add) DM me on IG @SamFasterFreedom if you want my FREE training💯
Great video! Nice to see how you walk us through property from beginning to end, it would be nice to see how you really started on your first property and where you got your first private lending money from. It would be nice to see how you set up the private lender loan, maybe even showing the specific contract on how to structure it between you and the lender. Keep the videos coming, it’s great material!
Man I cant wait to do my first Brrrr. I just need to take care of a few things and my god I cant wait. I cant sleep and/or eat some days lol Thanks for all the free info guys.
Great video. I will be buying my first BRRR very soon. Finding a bank without a seasoning period is a great point i need to look into. The hard money fees would just eat up your profits.
What I love the most about your BRRRR approach is that yall buy for equity, y'all build for the long term game. I love this! My only question is how do you know the ARV? Who evaluates the ARV for you?
It is great because like you said at the end you don't have to come up with so much capital....even if you broke even or was down $5000 after the deal finalized you are getting 50% cash on cash return if you are flowing $200/month....beats the hell out of 10% return....and you can do it again and add to your portfolio of appreciating assets that are cash flowing. This is an excellent method. I just need to really get good at properly estimating repair costs and finding provate hard money lenders and of course finding the deals
This is awesome! I’ve had a long term rental in the past, and I’ve recently changed to short term. I love the cash flow that I get from short term and the better care my property receives from guests, however I want to get more properties. I can’t really start doing this stuff right now, but I’m seriously looking at starting in the next 6ish months or so.
Thanks you guys! Olympia WA here the market is Hot. Scarcity the Rent and Listing price points are amazing. I just started Real Estate my goal bye next year is to use BRRRR method thanks and God Bless. Tgr
Great video! I would love to see a video where you show the damage, the estimated cost to fix it, and the finished product with the finalized repair costs laid out for each repair. I feel that is my biggest knowledge gap...knowing how much repairs will cost to know if a house is a good deal for a BRRRR.
Here's a good read for to cover your knowledge gap: "The Book On Estimating Rehab Costs" by J. Scott. This was recommended by David Greene, a very successful BRRRR investor with BiggerPockets.
I understand everything in the video, but was wanting to know how you made the purchase. How much did you put down of the $72K purchase price? For the remaining loan amount, what was the interest rate? I'm assuming it was a higher rate. ? Where did the $30K for repairs come from? Was that also part of the initial loan? Or was that your own money?
Best video I ever seen on BRRRR but what concerns me is you have no equity in home after pulling 80 percent out. To me hard part is finding homes at 40 percent discount which is where your at. Are banks giving you 30 year loans on these an investment? How did you handle covid and renters not paying rent? I real enjoy how you explained everything
A couple of questions that I have. #1 How do you find reputable contractors to do the rehab. #2 How do you determine the ARV before you purchase the house to know how much you should pay for it? #3 What happens if the ARV comes back lower than you expected once you have completed the rehab?
Perfect timing to find this video! I absolutely love it! I clicked on another video of yours and I was like nope wait a second go back and give these guys some credit for their awesome work so here I am! Anyways... on to your next video!
Question: when you purchase the home are you buying out with your cash or are you borrowing from the bank ? Once everything is completed and you receive the 80% do you use this money to purchase another property? I’m confused about the start of this. Is sounds like if you first buy your property with cash than start the BRRR
Love this video so much! Currently a realtor in Los Angeles !!! Would love to start brrrring but the home prices are insane right now! This video has so much value thank you!
Don't let that hold you back! You can leverage people in different markets and have systems and team on the other side of the country helping your efforts! a few streets away or a few states away the process is the same and mostly done over the phone and on the computer anyways!🚀
I am so interested in starting this. But I have three major questions: 1- realistically, what will our first property cost us out of our own money? 2- what if no one will help us? Like what if we can’t find a private lender? What if we don’t get accepted for refinancing? 3- what if I can’t find cheap homes in this market? Please help us! We’re desperate to start this!
lot of limiting beliefs here. Mindset is everything. Ask yourself "How Can I?" instead of I can't. Watch my channel for the education, then start networking. We have programs but they're geared towards those who are committed to it. The learning should come first.
You guys are funny God bless you both i enjoy learning this brrr strategy its more clear easy to understand thank you i have a friend she did this too shes now very successful because of this strategy
The reason most people avoided investing in digital currency or Crypto and missed out on the first wave is because ... A. You didn't listen to any stock broker or expert trader. B. You didn't do your own research. C. You listened to the media.
You are missing the wave. Stop doing what they say and do what they do !! They are getting richer and richer and people continue to listen to their LIES.
Great walkthrough on the video guys. You mentioned in this video this is how the BRRRR method works but it doesn’t always work this way perfectly. Do you guys have a video on what can go wrong? Or past experiences on what has gone wrong for you guys and how you bounced back from it?
I would like to see more details about the appraisal. What gets it accepted? What’s gets it decline? Do you have to live in the first property? What are the tips and tricks of getting around the appraisal? Any loops holes?
Do you have to get the appraisal to get the loan from the bank. They need to know a market value that they could base their loan off of. I have other videos to talk about this but also go to www.freerentawebinar.com to talk about my free training and information on my mentorship
Great info, but I do have one question. Private money lenders cover approximately 80%. I've not seen one that gives 100%. You said you didn't make enough to invest 20% of your own money. Where did you get the extra 20% from? Did you use 2 separate lenders to acquire the property?
We use one private lender. I’ve never heard of a private lender not lonely 100%. Some hard money lenders won’t but most private money lenders well. I have several videos on this channel about private money lenders
I salute you guys for being successful at this. But all I can think about as an electrician is whether or not that home is safe behind the walls. No one EVER mentions electrical in a rehabs when imo it’s the most crucial part to get right
Thanks for the video. You bought at $72k and had $30k in for $102k. ARV was $133k. 80% LTV gives you about $106k. That leaves about about $4k to cover closing on new loan and cash out. How did you repeat with less than $3000? What did the next deal look like based on the results of this?
Great job guys! One quick question - Do you refi for 30 or 15yrs, which one do you usually go for on your deals? Also, can you guys go more into detail on the type of loan at the time of refi such as, fix or variable rates, ballon period, etc?
Curious what your sell strategy is? Do you plan on holding these forever or do you guys have a specific exit strategy like selling off homes at say 55 years old.
Hi Brandon, right now we're focused on growth so we select our properties and do our rehabs in a "built to last" mindset. Real estate is awesome because it has so many exits if you know what you're doing
Great content, explained very well. Do you guys have a method for finding houses at a discounted price? Or, do you kind of just look around online and going to open houses until you find one at a low cost, but with potential requiring limited rehab costs?
That is the best complement in the world thank you! We actually signed up for a lot of those course and spent hundred of thousands of dollars in education and decided that we could do it better for a fraction of the cost! enjoy the free content and DM me on IG for my Course info!👍
So what does that $30k in rehab costs cover? Materials, paying contractors, paying yourselves for labor? And what happens with that $200 in cash flow? Do each of you get $100? What about taxes on that money?
The cash flow is just funny money to help you get by with expenses that pop up. The real wealth is in the appreciation! $30k covered all renovation costs.
@@TheFasterFreedomShow I assume you mean appreciation over the longer term (5-30 years). Am I understanding you correctly that the idea is to actually to sell the rentals here and there later on?
Turn to get an apartment complex that makes you two to three hundred grand a month that way you're not paying so much an interest you're losing so much money
I just wanted to clarify things here. So you actually got your money back to pay for the private lenders through refinancing the house, meaning that you borrow 80% from the bank and repay the borrowed money back to the private lenders. is that a fair statement?
What brand of appliances you get? Would love recommendations for my current rehab. Also for the granite and floors. Any brands you use is greatly appreciated! Nice job!
Awesome video, I'm new to the BRRR strategy. So just to be clear... the goal here is to scale. $200 liquid cash-flow after all that work and taking out a 100k+ note on the property doesn't seem super worth it to me? So the only way this process makes sense is to scale up as much as possible. But what about risk? You just hold multiple mortgages on a ton of property at all times? What if you experience a high vacancy rate?
Vacancy is super low and there is risk but hedged by discounted pricing and cash flow. Go to www.freerentalwebinar.com for my free training and info on my mentorship
Scaling is definitley goal....but how else can you get 50% cash on cash return? You can't in real estate. You can in mobile homes but they aren't appreciating. This is best way to get a great cash on cash return (with of course a lot of hard work and risk) in the real estate appreciating asset world. You can build some serious net worth over time without needing a lot of up front start up money.
I have inherited debt-free properties that are worth 5 million. I know how to manage properties but I am just learning about investing. I will be inheriting another 2 million in the next few years. How would you maximize that 2 million the most in putting that down on a property?
Wow.. That's an amazing opportunity! That is a bigger question than just a simple answer. I would have to know a lot more about your goals, experience, risk tolerance, and how passive you want it to be. But I will say that leveraging debt is the most powerful aspect of real estate.. I offer 1 on 1 private calls and we can go over your plans in detail. Dm me on IG!👍
What’s happens after you refinance with your tenants and the monthly rent? Wouldn’t you have to raise their rent to cover for the higher mortgage balance?
Rents are set by the market and mortgages are set by the banks.. I can't really control either one of those numbers.. What I can control is the underwriting on the front end to make sure I have enough of a spread to cover all expenses 👍
Great Q. I recommend going to local REI you'll find a room full of people that believe in real estate and some of them are lawyers, doctors, and business owners that have money but no time to invest..These are the people you want to be friends with👍
![How I Turned $10,500 into $210,000 at 19 (in 90 days) [Beginner Real Estate]](/img/n.gif)
People like you do nothing good for society. You're only worth is driving up home ownership and rental costs to make it difficult for regular people to even live. Go build an apartment building and stop ruining the market. Get a job that actually benefits society.
Hey Chuck! Sorry you feel that way. Unfortunately you don’t really understand what I do. If you did, you would know that I take run down houses that people can’t afford to fix up and I make them livable and rent them out to amazing families and have very small profit margins. It’s ok to not understand… but ignorantly blasting a stranger on TH-cam is an interested alternative. Have a great day! Hope you are doing well!
Dudes literally teaching you how to make a ton of money. This is tried and true. I quit my god awful factory job and used this exact method to make more money than most doctors. Society isn’t here for you Chuck
@Chuck He's actually teaching you and many others to make money. You should thank them for that. They're not trying to make you buy a course. It's all FREE INFORMATION.
Who are you really mad at Chuck?
🤡
you should do a video and show when it doesn’t always work correctly, it could be a real eye opener for some!
That’s a great idea! We will look into it!
Agree
You covered the strategy in less than 15 min. Amazing and very clear...
Love the video!! So much value!’ Just closed my first whole deal for $40,000!!
🚀🚀🚀
Congrats
These are the type of people you need to surround yourself with! God bless and thank you
Thank you!
This makes me feel better about doing a refinance on my first investment property. I was kind of scared because I will have another debt on my personal credit. This video puts my mind at ease😊
I just need to make sure it stays occupied and/or make sure I have reserves in the event the property is vacant.
absolutely! When we run our cashflow numbers we account for yes mortgage, taxes, insurance, maintenance, and property management but also VACANCY! It will happen and you might as well have the numbers work to where the issue pays for itself..Because vacancy is an issue (the most expensive one I might add)
DM me on IG @SamFasterFreedom if you want my FREE training💯
Thanks for taking the time to break it down (visually), it makes more sense now.
Thanks! I just replied to you IG message!
@@TheFasterFreedomShow thank you
This is the first time i kind of understand the BRRRR strategy. Thanks for this simple and practical illustration.
Glad it was helpful!
Hope this helps👍
DM me on IG @SamFasterFreedom
for my FREE training
@@TheFasterFreedomShow I’m doing that right away!!
Great video! Nice to see how you walk us through property from beginning to end, it would be nice to see how you really started on your first property and where you got your first private lending money from.
It would be nice to see how you set up the private lender loan, maybe even showing the specific contract on how to structure it between you and the lender. Keep the videos coming, it’s great material!
Thanks for the feedback. We will look into it. We do have a video or two on this subject as well!
@@TheFasterFreedomShow then I better find them and watch them too!
Thank you!
Finally finding a video that explains and shows the whole process from start to finish.
My favorite video right here💯
Very informative video for people who don't know how to get started. Thank you!
Thank you very much! Appreciate you!
best information i’ve ever gotten at 18!! thank you!
Thank you! Appreciate you!
Man I cant wait to do my first Brrrr. I just need to take care of a few things and my god I cant wait. I cant sleep and/or eat some days lol Thanks for all the free info guys.
Thanks for commenting! Appreciate you! See you on the next one!
Great video. I will be buying my first BRRR very soon. Finding a bank without a seasoning period is a great point i need to look into. The hard money fees would just eat up your profits.
You can find one for sure!
Great tips about the outside of the house in terms of annual maintenance, marketing strategies and tenant rules/laws.
Thank you!
What I love the most about your BRRRR approach is that yall buy for equity, y'all build for the long term game. I love this!
My only question is how do you know the ARV? Who evaluates the ARV for you?
We calculate it. I have a video that explains how to on here as well!
It is great because like you said at the end you don't have to come up with so much capital....even if you broke even or was down $5000 after the deal finalized you are getting 50% cash on cash return if you are flowing $200/month....beats the hell out of 10% return....and you can do it again and add to your portfolio of appreciating assets that are cash flowing. This is an excellent method. I just need to really get good at properly estimating repair costs and finding provate hard money lenders and of course finding the deals
Thanks! Go to www.freerentalwebinar.com for my free training and info on the mentorship!
I’m officially a student. This was PHENOMENAL thank you.
Thanks Zera! Please feel free to subscribe to the channel so you get all the newest content!
Please more start to finish rehab videos with included financial numbers 👏🏾👏🏾👍🏾
I agree...Coming soon!💯
This is awesome! I’ve had a long term rental in the past, and I’ve recently changed to short term. I love the cash flow that I get from short term and the better care my property receives from guests, however I want to get more properties. I can’t really start doing this stuff right now, but I’m seriously looking at starting in the next 6ish months or so.
You got this!!
It's been 1 year since your comment, did you ever get started again?
Thanks for your content!
Thank you for commenting!
Enjoyed the video. Makes sense about outsourcing. Reminds me of my Dad saying, Penny wise pound foolish.
You guys are awesome! We just bought our first rental using the BRRRR strategy!
NICE WORK!👍
I'm ready to start this!
Let’s go! Stay tuned here and DM me on IG for the training!
Thanks you guys!
Olympia WA here the market is Hot.
Scarcity the Rent and Listing price points are amazing.
I just started Real Estate my goal bye next year is to use BRRRR method thanks and God Bless.
Tgr
Thanks for sharing!
Great video! I would love to see a video where you show the damage, the estimated cost to fix it, and the finished product with the finalized repair costs laid out for each repair. I feel that is my biggest knowledge gap...knowing how much repairs will cost to know if a house is a good deal for a BRRRR.
I have several of those!
Here's a good read for to cover your knowledge gap:
"The Book On Estimating Rehab Costs" by J. Scott.
This was recommended by David Greene, a very successful BRRRR investor with BiggerPockets.
Here from you live TikTok... Thanks for sharing your videos, heading to IG to follow and dm you!
Perfect! Will check it later! Thanks!
How have I missed your channel after all of this time? Smh. Glad I subscribed now.
Glad you are here!
Very insightful!
Thank you!!
I understand everything in the video, but was wanting to know how you made the purchase. How much did you put down of the $72K purchase price? For the remaining loan amount, what was the interest rate? I'm assuming it was a higher rate. ? Where did the $30K for repairs come from? Was that also part of the initial loan? Or was that your own money?
NEVER use your own money! Purchase price and rehab costs came from lender..the 80% refi was able to pay back those lenders + interest!👍
Great video!!!
Thank you very much!! See you on The next one!!
Best video I ever seen on BRRRR but what concerns me is you have no equity in home after pulling 80 percent out. To me hard part is finding homes at 40 percent discount which is where your at. Are banks giving you 30 year loans on these an investment? How did you handle covid and renters not paying rent? I real enjoy how you explained everything
Thank you!! We usually get 25 years and pretty much all our tenants paid!
A couple of questions that I have. #1 How do you find reputable contractors to do the rehab. #2 How do you determine the ARV before you purchase the house to know how much you should pay for it? #3 What happens if the ARV comes back lower than you expected once you have completed the rehab?
I love this kind of videos, I'm about to start my own journey.
Let’s go!
Perfect timing to find this video! I absolutely love it! I clicked on another video of yours and I was like nope wait a second go back and give these guys some credit for their awesome work so here I am! Anyways... on to your next video!
Hope you enjoyed it!🤣
Any questions about this deal?!
@STL Investor it was pretty easy!
Do you have a video of actually buying the house what you will need and what not
Sorry for my ignorance but you guys don’t take out a loan for the rehab only to purchase the property.
Please explain how you are not spending your own money. Are you taking a loan and refinancing? Confused on this part
Question: when you purchase the home are you buying out with your cash or are you borrowing from the bank ? Once everything is completed and you receive the 80% do you use this money to purchase another property? I’m confused about the start of this. Is sounds like if you first buy your property with cash than start the BRRR
Great information!
Thank you very much!!
Love this video so much! Currently a realtor in Los Angeles !!! Would love to start brrrring but the home prices are insane right now! This video has so much value thank you!
Don't let that hold you back! You can leverage people in different markets and have systems and team on the other side of the country helping your efforts! a few streets away or a few states away the process is the same and mostly done over the phone and on the computer anyways!🚀
This helped a lot actually 😂👍🏼
Thank you. Appreciate the comment!
We ate way toooo much today. Merry Christmas, happy holidays. Great example
Glad you had a good one! Have a great weekend!
I am so interested in starting this. But I have three major questions:
1- realistically, what will our first property cost us out of our own money?
2- what if no one will help us? Like what if we can’t find a private lender? What if we don’t get accepted for refinancing?
3- what if I can’t find cheap homes in this market?
Please help us! We’re desperate to start this!
lot of limiting beliefs here. Mindset is everything. Ask yourself "How Can I?" instead of I can't. Watch my channel for the education, then start networking. We have programs but they're geared towards those who are committed to it. The learning should come first.
You guys are funny God bless you both i enjoy learning this brrr strategy its more clear easy to understand thank you i have a friend she did this too shes now very successful because of this strategy
Thank you!
Great video guys!
Thank you!
Awesome job!
Thanks Ron! Appreciate you!
Always the best content!
Thanks Amy! Appreciate you!
The world is really taking a new shape in Technology, Digital currency are talking over every part of the world.
The reason most people avoided investing in digital currency or Crypto and missed out on the first wave is because ...
A. You didn't listen to any stock broker or expert trader.
B. You didn't do your own research.
C. You listened to the media.
They made you fear it and think it was fake. Most of you still to this day think it's fake.
You are missing the wave. Stop doing what they say and do what they do !! They are getting richer and richer and people continue to listen to their LIES.
Yeah this is absolutely the best time to buy and Invest
Stop listening to the media !!! Start today to invest and earn good profits like others.
Yessss! Love all of the info!
Thanks a bunch!
@@TheFasterFreedomShow no problem, I’m hoping to be where you’re at by 32. I’m 28 now and I am sick and tired of struggling!
Great walkthrough on the video guys. You mentioned in this video this is how the BRRRR method works but it doesn’t always work this way perfectly. Do you guys have a video on what can go wrong? Or past experiences on what has gone wrong for you guys and how you bounced back from it?
We are working on one now!!!
Awesome information!! cant wait to get started
This excites me!! Let’s go
this is so helpful! thanks for the precise content in each video.
Thank you for the comment!
Love all your videos! Would love to join your free webinar!
Nice! Go to www.freerentalwebinar.com
Loved the bloopers too 😭
We like to have fun🤣
Thank you for sharing the knowledge 🤗
Thank you for commenting! See you on the next one!
I would like to see more details about the appraisal. What gets it accepted? What’s gets it decline? Do you have to live in the first property? What are the tips and tricks of getting around the appraisal? Any loops holes?
Do you have to get the appraisal to get the loan from the bank. They need to know a market value that they could base their loan off of. I have other videos to talk about this but also go to www.freerentawebinar.com to talk about my free training and information on my mentorship
Great info, but I do have one question. Private money lenders cover approximately 80%. I've not seen one that gives 100%. You said you didn't make enough to invest 20% of your own money. Where did you get the extra 20% from? Did you use 2 separate lenders to acquire the property?
We use one private lender. I’ve never heard of a private lender not lonely 100%. Some hard money lenders won’t but most private money lenders well. I have several videos on this channel about private money lenders
I salute you guys for being successful at this. But all I can think about as an electrician is whether or not that home is safe behind the walls. No one EVER mentions electrical in a rehabs when imo it’s the most crucial part to get right
if the panel needs it we will do it..If the walls are coming down we will make sure it's up to code
Love your Tiktoks!!
Thank you!! Appreciate you!
Thanks for the video. You bought at $72k and had $30k in for $102k.
ARV was $133k. 80% LTV gives you about $106k. That leaves about about $4k to cover closing on new loan and cash out.
How did you repeat with less than $3000?
What did the next deal look like based on the results of this?
Salute Fellas. tons of value here. Good vid
Appreciate that William!!
Great job guys! One quick question - Do you refi for 30 or 15yrs, which one do you usually go for on your deals? Also, can you guys go more into detail on the type of loan at the time of refi such as, fix or variable rates, ballon period, etc?
We usually do as long amortization as possible! And yes we can work on some!
Get 30 year fixed as low a rate as you can I would guess
Very informative and funny!
Of course!
Hey guys! Thanks for the content! I was curious about the size of the property in this deal? Sqft and beds/baths? Thanks so much!
Thanks! It is a 3 bed 2 bath, 1200 sq foot house!
Explained it well and thanks for the video. You mentioned the cabinets color were slate gray, what about the wall color? Thank you.
Amazing result congrats you guys wonderful
Thank you Sally!
I'm here from your live TikTok stream
Thanks Robin!
Thank you for this video, exactly what I was looking for!
Thank you! Check out my other stuff!
Those are very good educated estimate
🚀For the midwest, YES
Hi what’s the bank that you use for the short term loan? I feel like it’s very hard to find a lender
How long is your Rehab process and do you factor your vacancy time into your repair cost?
I pens on the project sometimes 1 to 3 months. And yes we include that in there
Great video guys! Straight to the point!
Thanks!!! Appreciate yiu!
It would be nice to have a team
Curious what your sell strategy is? Do you plan on holding these forever or do you guys have a specific exit strategy like selling off homes at say 55 years old.
Hi Brandon, right now we're focused on growth so we select our properties and do our rehabs in a "built to last" mindset. Real estate is awesome because it has so many exits if you know what you're doing
Very good video. I totally learned something today!
Aweosme! Glad you did! Stick around for more!
Awesome video and information! Thanks.
Thank you!!
Great content, explained very well. Do you guys have a method for finding houses at a discounted price? Or, do you kind of just look around online and going to open houses until you find one at a low cost, but with potential requiring limited rehab costs?
We have a ton of different ways to find off market properties. I have TH-cam videos about it on here and also DM me on Instagram if you would like
I spent money and time on useless courses and video's and none of them made things this easy to understand real estate.
That is the best complement in the world thank you! We actually signed up for a lot of those course and spent hundred of thousands of dollars in education and decided that we could do it better for a fraction of the cost! enjoy the free content and DM me on IG for my Course info!👍
So what does that $30k in rehab costs cover? Materials, paying contractors, paying yourselves for labor?
And what happens with that $200 in cash flow? Do each of you get $100? What about taxes on that money?
The cash flow is just funny money to help you get by with expenses that pop up. The real wealth is in the appreciation! $30k covered all renovation costs.
@@TheFasterFreedomShow I assume you mean appreciation over the longer term (5-30 years). Am I understanding you correctly that the idea is to actually to sell the rentals here and there later on?
I’d like to see the numbers behind the interest paid to the private money lender and how the projects timeline
Go to FreeRentalWebinar.com
and that will help answer some of your questions👍
Awesome start to finish!
thanks!
This is very helpful. I have been looking to get into real estate, so it is helpful to get more knowledge.
Thank you!
1st one since Covid
❔What..
1:45 in the netherlands we say: garage
DM me on IG "FREE" @SamFasterFreedom for my FREE training guide 💯
how to get started in real estate without using any of your own money in 2023
Turn to get an apartment complex that makes you two to three hundred grand a month that way you're not paying so much an interest you're losing so much money
I just wanted to clarify things here. So you actually got your money back to pay for the private lenders through refinancing the house, meaning that you borrow 80% from the bank and repay the borrowed money back to the private lenders. is that a fair statement?
Correct
What brand of appliances you get? Would love recommendations for my current rehab. Also for the granite and floors. Any brands you use is greatly appreciated! Nice job!
Great video! Nice effort
Thanks a lot!👉 th-cam.com/video/90OAUrBPz78/w-d-xo.html
That was awesome 👌
Thank you! You are awesome!
Great content. SLR autofocus was distracting though.
Awesome video, I'm new to the BRRR strategy. So just to be clear... the goal here is to scale. $200 liquid cash-flow after all that work and taking out a 100k+ note on the property doesn't seem super worth it to me? So the only way this process makes sense is to scale up as much as possible. But what about risk? You just hold multiple mortgages on a ton of property at all times? What if you experience a high vacancy rate?
Vacancy is super low and there is risk but hedged by discounted pricing and cash flow. Go to www.freerentalwebinar.com for my free training and info on my mentorship
Scaling is definitley goal....but how else can you get 50% cash on cash return? You can't in real estate. You can in mobile homes but they aren't appreciating. This is best way to get a great cash on cash return (with of course a lot of hard work and risk) in the real estate appreciating asset world.
You can build some serious net worth over time without needing a lot of up front start up money.
I’m not a student I just gained free knowledge.
Awesome!
Loved the video, great content... Any private lenders you might recommend??
I have inherited debt-free properties that are worth 5 million. I know how to manage properties but I am just learning about investing. I will be inheriting another 2 million in the next few years. How would you maximize that 2 million the most in putting that down on a property?
Wow.. That's an amazing opportunity! That is a bigger question than just a simple answer. I would have to know a lot more about your goals, experience, risk tolerance, and how passive you want it to be. But I will say that leveraging debt is the most powerful aspect of real estate.. I offer 1 on 1 private calls and we can go over your plans in detail. Dm me on IG!👍
Thank you! I will do that. The whole thing is a bit confusing to me still lol
Good summary guys
💪💪💪
What’s happens after you refinance with your tenants and the monthly rent? Wouldn’t you have to raise their rent to cover for the higher mortgage balance?
Rents are set by the market and mortgages are set by the banks.. I can't really control either one of those numbers.. What I can control is the underwriting on the front end to make sure I have enough of a spread to cover all expenses 👍
Im gonna post my journey too. Thank you
awesome!
Thank you great info 👍
Thank you!!
Thank you very much
Your welcome!
Love your videos. Add me to the list for your training classes.
Will do! Send my a DM on IG!
GREAT INFORMATION
Thank you!
Glad it was helpful!
Hi guys great video, most understandable explanation I've found thus far. Where do I go to find a private lender though?
Great Q.
I recommend going to local REI
you'll find a room full of people that believe in real estate and some of them are lawyers, doctors, and business owners that have money but no time to invest..These are the people you want to be friends with👍