The BRRR Strategy with Hard Money Loans! (2021)

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Title	:	The BRRR Strategy with Hard Money Loans! (2021)
Lasting	:	12.18
Date of publication	:
Views	:	20 rb

Why not use a normal loan from bank?
Comment from : @arthurrogers7306

Can someone explain the 100 repair/renovation part of these loans
Comment from : @anthonybriscoe8901

Can you do the Brrr Strategy if the property already has tenants?
Comment from : @rojagoku25

Hi Sean, do you lend out in different states?
Comment from : @linja-zeng4122

I’m just a bit confuse , If I get a bridge loan with a hard money lender so they will provide part of the purchase price and they cover the renovations If I want to keep the property and rent it out how do the hard money loan people get their money back?
Comment from : @debrawebbirvine6171

The chart that you use to figure out the interest, Is that some thing all Hard money companies use? So if I’m trying to figure out what my cost would be is it safe to say I can use that chart?
Comment from : @meccawebb9050

Your name is Sean not Shawn
Comment from : @dudeshahs4282

Love this! Thank you so much Sean!
Comment from : @atimuttaka

Can I do this with business credit under and LLC or does it have to be under my name?
Comment from : @veronica4652

You said you can’t lend on a property that needs renovations but to add value you must rehab it!? I’m confused
Comment from : @breadpig7

10 interest wont allow you to cash flow
Comment from : @michaelbatista2869

How can i contact you for a hard money loan?
Comment from : @ruma0997

Do you have spreadsheet with formulas already in it that you can share
Comment from : @demetriuschamblee7313

what if the investor got trapped because they couldn't get a conventional loan?brwhat are the penalties?brthank you
Comment from : @JohnQPublic345

This breakdown is the best I’ve seen so far! My partners and I were considering just flipping our first investment, but now we’re considering BRRRR brbrBesides finding similar comps, is there anything we can do to ensure that refinancing (at a favorable rate) is possible? I watched a video where a home was appraised for less, which basically ruined the deal for him (he kept it but didn’t refinance) Just want to understand all angles and know exactly what i should be looking for as I do research Thank you!
Comment from : @maximizedmoney

At 9:23 wouldn't it be best to add approximately 10 for property management and add utilities etc?
Comment from : @TurboJayTraveler

How does the 10 interest rate differ from the 575 interest rate You mentioned you pay 10 of the loan amount on a yearly basis At 235,000 that would be 23,500 yearly and $1,950 monthly which is separate to the $1330 mortgage With a PITIA of $1,789 and $1,950 monthly interest payments this would never workout even with $3,000 rent Not understanding the 10 yearly interest and how that gets factored into the cash flow analysis
Comment from : @romoismael49

Get your video off my feed #scam
Comment from : @jejejeje4491

Is a hard money loan possible for STR property? (Vacation rental)
Comment from : @donnawhite9771

Is your loans just in the west coast or do you work all 48
Comment from : @tomxxx9539

Great content I hope to do this in the Houston, TX market in 2022
Comment from : @zachkim2372

So with the monthly payments should you include that into in your expenses or should you have that as cash on hand?
Comment from : @rayhaggerty1157

Very cool to see exactly how the numbers work Thank you for this great video!
Comment from : @jakea6837

This video is GOLD!
Comment from : @AnthonyVargasHD

Besides the actual content, I learned a lot about excel!
Comment from : @johnschmitt7120

What if you had to file for Bankruptcy at one point ? Could you still get a Hard Money loan?
Comment from : @chosen2begreat

What if you buy a property, let's say a two family, already leased and paying tenants and you don't need to renovate it in any way Does this affect the process negatively?
Comment from : @blondyewest

Can a self employed person qualify and if so does it still run off tax returns?
Comment from : @markjaret4731

I’m so glad a found this video man I’ve been looking for financing options for a couple of weeks and this sounds like what I need Thank you
Comment from : @markjaret4731

Love the video - what about your expenses for management, maintenance and repairs from your NOI though? That would definitely affect your DSCR
Comment from : @brianfoster764

this is gold, thank you, already scheduled a call with you!
Comment from : @CriticalThinking304

Good stuff! I was just wanting to ask you what would the rates be for a conventional 30 year loan with hard money for credit score of above 800? 10 to 12 percent?
Comment from : @dattienle37

Interested in hard money, how do I contact you?
Comment from : @techct4372

Got a question brbrWhats the best possible hard money deal i could get for 15 million brPoints/ rate the p and L is trash need hard money, but its cheap because the management is a joke
Comment from : @dekonfrost7

This is great information Do I have to have a house contract before I apply for a hard money loan?
Comment from : @felixsanchez89

Great information I’m currently looking to start remote investing here in South Texas I plan to do multiple deals sooner than later, and say I do have the cash on hand to fund a deal completely without loan, what would be the advantage of using hard money instead?
Comment from : @relaxed4k