Title | : | Complete BRRRR Rental From Start to Finish | Real Life BRRRR Method Example |
Lasting | : | 14.35 |
Date of publication | : | |
Views | : | 157 rb |
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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 Comment from : Chuck german |
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Is the money for repairs coming out of pocket or are there loans for that as well??? Comment from : Alex Micco |
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So let me get this straight you need a rich friend to loan you the money and you pay him back in a month lol sounds easy but all my friends ask me for money because they have no money I guess I'm out Comment from : Brian Geyer |
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Hello, I was wondering how do you pay back the cash out refinance from the bank using the BRRRR Also do you get the cash out refinance from the same bank that you got the initial loan for the house after paying the down payment? Comment from : boodeekilla |
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I'm confused about the refinance portion You have a total of $102,000 in the deal and you did a cash out refinance and got a check for $106,400 So you profited $4,400 Am I understanding the numbers correctly? Comment from : Jimmy Taylor |
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Finally finding a video that explains and shows the whole process from start to finish Comment from : Menajah luc |
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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 Comment from : AztecJoe FPV |
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Those are very good educated estimate Comment from : AztecJoe FPV |
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So what does that $30k in rehab costs cover? Materials, paying contractors, paying yourselves for labor? brbrAnd what happens with that $200 in cash flow? Do each of you get $100? What about taxes on that money? Comment from : Erik Budrow |
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Great video ❤ Comment from : Christina Jones |
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Can you share how much money you and interest you took on short term lender ? Was it $90,000 including the interests ? How you didn’t put money at all Comment from : Anonymous |
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I don't get it You guys say you bought the house with 0$ of your own money How? Comment from : snehil wakchaure |
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So the profit is your newly found 20 equity of the home? You made roughly $26,600 if you were to sell immediately? Comment from : Thats A Rap |
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Does the property need to be rented? Could I airbnb it instead? Comment from : Jonathan Nawrocki |
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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 Comment from : RyanShaneProd |
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They have a window in the kitchen 😂 Comment from : Arthur Bernestine |
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It would be nice to have a team Comment from : cop tran2 |
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Are yall buying under an llc what kinda loan do you get to buy a house initially Comment from : LABuilds |
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Can someone please explain to me why this is worth it? $200 a month seems like peanuts 🥜 Comment from : Dixon Butz |
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I love this kind of videos, I'm about to start my own journey Comment from : MEG vlogs |
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If the mortgage is on by 104k why is the cash flow so low with rent at 1300? Is it a less than 30 year term on the refi? Comment from : michael_schofield |
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Please stop using gray paint It’s so depressing Neutral warm colors are best Comment from : Jackie F |
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did you guys pay out of pocket for the fixes to the property or where did that money come from? Comment from : Elijah MacGillis |
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How do you get so many loans? Isn’t there a 10 loan limit with Fannie and Freddie? If you’re not using a conventional loan, would the interest rate be through the roof? Comment from : Jason Bay - Real Estate Investing |
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I just don’t get how netting 200 is even worth the work, if an AC compressor needs to be replaced that’s your entire year of profit gone Comment from : Yung Kingsley |
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how do you find wholesalers? Comment from : Thomas Powers Media |
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I understood everything but what is the point for that? To have a cashflow of 200$? Can you explain to me pls Comment from : Society |
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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 $30K for repairs come from? Was that also part of the initial loan? Or was that your own money? Comment from : Robert Smith |
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Do you have to pay your private lender a fee before closing? How can you make sure they are legit and not a scammer? Comment from : Erick Sanchez |
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You guys are awesome! We just bought our first rental using the BRRRR strategy! Comment from : Kim Vanloozenoord |
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You covered the strategy in less than 15 min Amazing and very clear Comment from : BKD NY |
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I appreciate the videos! I do have a question, if you borrowed the 100k for purchase and rehab, at let's say 10-15 interest The house appraised for 133k 80 is roughly 106k so actually had to put in between 4-9k of your own money or am I missing something? I appreciate any response! Comment from : Ryan Isaacson |
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What city did you do this in?? Comment from : Prithvi |
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What do you mean by 200$ cash flow from a 1,200$ rent? Does it mean you pay 1,000$ to the bank and 200$ of profit each month ? Comment from : Riverside 433 |
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You guys trying to be funny hurts your credibility This turns off serious students of this subject BTW, you're not funny Comment from : Business Twenty Twelve |
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But you have to borrow money on every property Comment from : ck kendrick |
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So you bought property ,and rehab and did all paper work for house and only making $200 bucks a month in profit, is that even worth the time, i can get a part time job working once a week and make that, seem like alot of trouble Comment from : ck kendrick |
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Hi what’s the bank that you use for the short term loan? I feel like it’s very hard to find a lender Comment from : MrThegoodlooking1 |
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You didn't show the renovated bathrooms, booooo! Comment from : Samuel Abebe |
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How did you find the people to lend you the money to buy the house Comment from : Preston Davis |
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You used a hard money lender or just had your own $90k for purchase and rehab? Comment from : malcolm mason-goggins |
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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😊brI just need to make sure it stays occupied and/or make sure I have reserves in the event the property is vacant Comment from : Katera Kennon |
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This is the first time i kind of understand the BRRRR strategy Thanks for this simple and practical illustration Comment from : jonathan anthony |
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My wife and I want very badly to get into doing this same thing, just scared with interest rates and don't know how to find a mentor to show us the ropes Any tips? Comment from : Pastor Jason |
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BRRRR is real business but you guys sounded more scripted and it’s kinda beh! Comment from : Whytestar’s |
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Hi guys great video, most understandable explanation I've found thus far Where do I go to find a private lender though? Comment from : Dexter Musarurwa |
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I’d like to see the numbers behind the interest paid to the private money lender and how the projects timeline Comment from : Waldo Monroy |
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I'm not understanding why we wouldn't put the refinanced money toward helping to pay off the property so we wouldn't have a mortgage Comment from : Nichole Smith |
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You said you initially purchased this property with none of your own money Can you elaborate on that please That’s where I’m getting lost TIA Comment from : Joseph Marks |
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So one thing that I dont understand is what is the end goal? to own a bunch of houses that you get a monthly payment (cash flow) from your renters? And by doing this over and over your getting more monthly income? (with out using any of your own cash) Also I get that one of the end goals is to create "equity" but in this example you say you have 33K in equity but you can't really use it right? because the bank will only give you 80 of the valued amount of the home (+ what you pay down over time) So is that the other part to the "end goal"? over time your houses will keep going up in value you so you will have laods of cash the access using the bank, home equity loans etc? Comment from : Zach Drouhard |
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I'm not subscribing because of all the screaming into the microphone Comment from : Arthur Wallis |
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But how do you pay back money landed from bank? Comment from : matsang2008 |
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Great video! We are under contract with our first home and excited to get started! 70-80 on the discount percentage is a large swing, how do you guys determine what number to use, in this example you used 75? Comment from : josh White |
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Fix your camera focus man 😅 Comment from : Marvie Cadacio |
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Love your video, subscribed Comment from : Mike Garcia |
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Did y’all personally rehab or hire contractors Comment from : Mike Garcia |
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What's in it for the private money lender? Seeing that the profits were only 4K after refinancing what does the private money lender get out the deal? Comment from : Uncle JuJu The SOB |
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What's the discount percentage? How did you get around 70 discount in this case? I calculated it and in all scenarios, it is not 70 or 80 Comment from : Sonali Hebbar |
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Tried it at 62 for the first time and it was hard work (1960 square foot)so probably won't do it again Comment from : Donnas Western Moments |
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How do you NOT use your money? Comment from : Lesco Brandon |
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How about taxes, fees ? You guy still got positive cash flow ? Comment from : Quan Nguyen |
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The kitchen floors are miss matched to the rest of the home Comment from : a h |
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what market are house’s selling for $130K Comment from : HolaSoyAlejandro |
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1st one since Covid Comment from : Frank Pappalardo |
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Stop screaming Comment from : Frank Pappalardo |
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Ok, so how do u got the 75k? Where u got the money from? That’s the key! Comment from : Yaluit Granados |
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I live in California What state can you buy a house in a decent neighborhood for about 100k?? Comment from : mooo oo |
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@FasterFreedom - I know you think it's not true but I had to share this because it explains it better than I can br youtube/uptk5yqwE38 Comment from : AberrantArt |
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How much was the equity after paying everything off? Comment from : Christopher Carrizal |
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Not a big fan of the dual floor for the kitchen why not just have it all the same? Comment from : Felix Peel |
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This is very helpful I have been looking to get into real estate, so it is helpful to get more knowledge Comment from : Christopher Benner |
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Enjoyed the video Makes sense about outsourcing Reminds me of my Dad saying, Penny wise pound foolish Comment from : Shawn |
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This only works if you already have income coming and no debt That $1300 isn't gonna be considered by most banks as income until a yr or two Which means, if you don't have previous cash coming in with little to no debt, good luck getting financed with another property A $200 profit doesn't look good on your DTI So if your income is $15600 a yr for that one property, and it costs ( with mortgage) $13,200 a yr , your dti is almost 85 ( IF YOU HAVE NO OTHER DEBT ) So how is a bank gonna dare lend more money out with that much debt? What am I missing? Nevermind Just found out about DSCR lol Comment from : American Outreach |
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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? Comment from : Sergio Blanco |
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8:04br"Stainless steel washer and dryer" brbpoints to dish washer/b Comment from : Jaryd Rothaus |
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Where is your video on how to find hard money lenders? Comment from : Jose Javier |
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I’m just now getting into real-estate so will I have to go to school Comment from : ITZSHOWTIMEDEE |
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😂😂 Comment from : ITZSHOWTIMEDEE |
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What happens to the other $20,000? Is that just to be saved as equity? Comment from : J Smith |
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1:45 in the netherlands we say: garage Comment from : Merlijn Caljouw |
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Too many fees when you borrow money Use your own money to skip the hard money fees Comment from : Theboysgirls |
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Love the visor However you could have saved a lot of money by simply painting the cabinets and adding new hardware The majority of tenants don’t care if the cabinets are new, just if they look nice and new I could have made the old cabinets look pretty much the same as your new ones for thousands cheaper Comment from : Sam Plautz |
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How much should i put on a downpayment for $75,000 sale price to make the brrrr method quicker and effective? Comment from : RuRu |
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Hold u cash flow only 200 u did all that for 200 dollars cash flow a month? How is it only 200 cash flow Comment from : Tr3llFN |
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would be nice if you went into the financing or using other people's money to aquire the properties in more depth That is the toughest part and always the least transparent Comment from : Sandra Baughman |
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So helpful Comment from : Big Fresh |
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Who does your rehab work? A new kitchen can run 20-25k Not every investor is a contractor Most painters in my area charge like Picasso Every plumber charges like a Cardiothoracic surgeon Every Electrician thinks they can bill like a Neurologist and every carpenter thinks they are an orthopedist Comment from : Antonio Tiberi |
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So where do I find private lenders? My credit is good Comment from : Anthony Galler |
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Great video, what market are you in? Comment from : Andrea Mugnai |
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Do you offer courses (doesn’t have to be free) from starting off to getting to the top? Comment from : Brandon Perez |
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I’m in California No houses for $72k more like 300k is the discount here Comment from : Mayhem Raider |
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im 20 and sorry if my eng is bad, i have question tho i understood buy, rehab, rent, refi , but i didnt understand bout the repeat like its not same situation like when buy a house at first can u explain a little bit at second one? Comment from : Namgyu |
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Can someone please answer on how you pay back the private lender monthly payment with interest while you’re in the middle of the brrrr method ? Do they wait to get there money at the end back or do you have to have money aside for the payments? Comment from : TheRealJoeDiffie |
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Can I do the brrrr method with a FHA loan with a 35 down Comment from : Mr GREAT |
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How do you find lenders ? Comment from : Butter Jones |
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Do you ever keep strong applicants on file for consideration on future properties or just rescreen at that time? Comment from : razorx540 |
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Great video! Nice effort Comment from : Jollofpappi |
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