How to Know a BRRRR Real Estate Deal Will Make You MONEY

แชร์
ฝัง
  • เผยแพร่เมื่อ 14 มิ.ย. 2024
  • BRRRR real estate can make you rich. Seriously-James Dainard used the BRRRR method to go from eight rental properties to one THOUSAND rental properties in just fifteen years. Because of this, he’s become the expert on the buy, rehab, rent, refinance, repeat method, and today, he’ll walk through the basics of underwriting and analyzing a BRRRR real estate deal BEFORE you buy it, so you can “hyper-explode” your portfolio just like he did.
    Before you buy your first BRRRR property, there are a few things you’ll need: after-repair value, estimated cash flow, and the ability to refinance, so you’re not forced to sell the BRRRR, turning it into just a flip. If you follow all the BRRRR steps that James outlines today, you’ll have no problem buying, rehabbing, holding, and later selling your property for even bigger gains. But, if you don’t follow these steps, you may find yourself overspending, overworking, and without much wealth to show for it.
    ~~~~
    Join BiggerPockets for FREE 👇
    www.biggerpockets.com/signup?...
    ~~~~
    Find an Investor-Friendly Agent in Your Area:
    biggerpockets.com/agentmatch
    ~~~~
    Find Investor-Friendly Lenders:
    biggerpockets.com/findlenders
    ~~~~
    Try the BiggerPockets BRRRR Calculator and Rent Estimator:
    BRRRR Calculator: www.biggerpockets.com/brrrr-c...
    Rent Estimator: www.biggerpockets.com/insight...
    ~~~~
    Watch James on the “On The Market” TH-cam Channel:
    / @bponthemarket
    ~~~~
    Hear James on The “On The Market” Podcast Wherever You Listen to Podcasts:
    link.chtbl.com/OTM
    ~~~~
    James’ “Mega BRRRR” Property:
    • The BRRRR Method Expla...
    ~~~~
    Connect with James on BiggerPockets:
    www.biggerpockets.com/users/j...
    ~~~~
    Learn More from James:
    jamesdainard.com/
    ~~~~
    Subscribe to ProjectRE with James Dainard:
    / @projectre
    ~~~~
    Follow James on Instagram:
    @jdainflips or / jdainflips
    00:00 How to Analyze a BRRRR Deal
    00:33 What is BRRRR Real Estate?
    01:15 Follow These Rules
    03:11 1. Calculate Your ARV
    06:03 2. Build Your Scope of Rehab
    06:55 3. Know Your Lending Costs
    08:07 4. Use This BRRRR Formula
    08:56 5. Evaluate Cash Flow
    12:35 The Perfect BRRRR

ความคิดเห็น • 22

  • @DanielDoesRentals
    @DanielDoesRentals 3 หลายเดือนก่อน +7

    Good video. BRRRR in my opinion is the best way for small investors. It is the only way to achieve an “Infinite Return” ( pulling all your own cash out of a deal and still getting cash flow on other people’s money).
    I do think however you should account for more vacancy when analyzing your deals. To me it makes sense to allow for one month out of the year to be vacant. If some one leaves the unit you are going to have 1 month at least of it being empty between cleaning and fixing things and the showing the unit for the next tenant. Also, a good tenant is going to give their previous landlord a 30 day notice before they move into your place anyway.

    • @ProjectRE
      @ProjectRE 3 หลายเดือนก่อน

      Could agree more. You got to pad that proforma!

  • @ChuckNorris-Investor
    @ChuckNorris-Investor 3 หลายเดือนก่อน +4

    JD is the Best! Keep these Brrrr Videos Coming. 🔥

  • @neerajchaudhary1821
    @neerajchaudhary1821 หลายเดือนก่อน

    Outstanding video. I didn’t put together the idea of 1031’ing out at the end. That’s definitely an accelerator.

  • @delontamcclain4571
    @delontamcclain4571 2 หลายเดือนก่อน +1

    Thanks JD !!!

  • @liquidfluid11
    @liquidfluid11 3 วันที่ผ่านมา

    Such a simple process 🙂

  • @marylouisone
    @marylouisone 3 หลายเดือนก่อน +1

    What a great summery of this strategy

    • @ProjectRE
      @ProjectRE 3 หลายเดือนก่อน

      Appreciate it!

  • @TurboShred13
    @TurboShred13 3 หลายเดือนก่อน

    Would this strategy work with a commercial property? I bought a tow yard with a nice shop on it.

  • @lubosimaboshe
    @lubosimaboshe 3 หลายเดือนก่อน

    cool video

  • @delontamcclain4571
    @delontamcclain4571 2 หลายเดือนก่อน

    Ok JD, quick question, at the end of the video you talked about a 1031 exchange of a property using the equity. Is that the same as a HELOC ? And if not what is the difference ?

    • @bubbleboy821
      @bubbleboy821 2 หลายเดือนก่อน

      A 1031 exchange is when you defer capital gains tax from selling a property by buying a similar property right after

  • @inspirationabundance-bu4jy
    @inspirationabundance-bu4jy 3 หลายเดือนก่อน +1

    Lovely

    • @ProjectRE
      @ProjectRE 3 หลายเดือนก่อน

      Thanks for watching!

  • @andrewsteel5271
    @andrewsteel5271 3 หลายเดือนก่อน

    What is this “1031” you referred to?

    • @biggerpockets
      @biggerpockets  3 หลายเดือนก่อน

      You can learn more about a 1031 exchange here! th-cam.com/video/ITpiqO_Ibm0/w-d-xo.html

  • @andylingle6646
    @andylingle6646 3 หลายเดือนก่อน +8

    Interest rates when you are done with rehab won’t be the same as before you start the project

  •  3 หลายเดือนก่อน +1

    Next video: How to find a BRRR Real Estate Deal

  • @kyletremberth
    @kyletremberth 3 หลายเดือนก่อน

    Flesh of my flesh, blood of my blood

  • @brenqueen
    @brenqueen 3 หลายเดือนก่อน

    Falen needed this laugh more than any apology! She tried to tell her and they flipped the story and trashed her and the Porsha stans ate her up all over SM. Yup Falen is on these threads and on the floor STILL laughing! (Allegedly) 😂😂😂😂😂😅😅😅😅😅