TL;DR - BRRR & SCALE Buy - Scalable acquisition and deal analysis (how to buy property, identify neighborhood, build deal pipeline) Rehab - Construction (w/o the DIY, find contractors, etc to help you scale/build team in that rehab location) Rent - Adding cashflow (how do you rehab to attract great tenants and maximize rent you get, putting systems/teams in place to deal with problems) Refinance - Leverage & Commercial financing (understand short/long term financing, getting past 10 loan limits) Repeat - Exponential growth (treat like a business, put systems & people in place to scale fast, focus on 20% of things to get 80% of results)
So cool to see Niti and Palak on here. I actually did their program and just closed on my first multifamily property! So grateful for them and their coaching!
David, thank you for calling out the REI gurus and their deception that you could just jump in and have enough passive income to retire with their “proven systems “. I truly appreciate your honesty and keeping it real with us!
If you can't retire off cashflow or it's ok if the property doesn't cashflow day 1 how did you both quit your high paying jobs? If you didn't have alot of capital how are you buying 10 properties at a time? Even using hard money you still are going to need alot of cash to buy multiple properties at once. First 10 properties using residential mortgages you have to buy in your own name if you want to sleep at night and not trigger the due on sale clause.
Great question! First Palak quit her job, and we built our lifestyle around just one income. It took me 4 years of investing to quit my job. We used a lot of my income/401k, etc. combined with hard money loans to finance the properties. As you get more experience with BRRRR, lenders will allow you to bring a lot less cash to the table. We got to a point where we were only brining $10k of our own cash to the table to buy a single family home. We did buy a few properties in our personal name at first, but then we moved them over to an LLC. This is because of liability reasons - if there is a lawsuit at a property in your personal name, they can come after your personal assets. This is why we always buy investment properties under an LLC.
@@openspaces1251 Wondering, since you are using "commercial lending" does that mean your property loans are not fixed 30 year terms, but instead shorter terms that would re-adjust interest rates to higher rate? Genuinely curious, thanks!
This was such an amazing interview. When listening... you can notice their experience and passion. One of the biggest takeaways for me was that if a unit is not cash flowing, you can creatively add value to your unit (through additions and modernization)so that you can demand more rent so that its cash flows or gains greater cashflow to support other units in your portfolio. Amazing!.
So good to see this couple work together towards the same goal 👏 They are successful because they’re both knowledgeable about real estate investing and they have the same common goal. So happy for them because they are making themselves wealthy. Their efforts and business acumen that was benefiting corporate America will benefit them and their family 🎉
Did someone understand what they actually did? They kept going on about systems and processes but what about actual information? How do you find deals? Do you pull out all your capital from deals? If not then how do you find all your exponential growth?
..and let me guess..you need to sign up for just 10k to learn their secrets that’s available online! 😊 if their intent is to educate people get info to share.
Agreed, definitely cringey, without a lot of hard numbers on actually getting started, how much money they had to begin with (income, cash on hand, etc), if they had help from family, etc. I have to assume they were greatly privileged on those items and are not mentioning it on purpose.
You need capital to invest in anything , because good investments especially real estate has competition. I would definitely sell my house to a cash buyer or someone who puts up 20-30 percent down .
@@user-jw8on6xl4y Evidently it's $8K...and people say not necessary because you can learn it all from books & podcasts, but everything I've seen so far just has all the same vague theories, without actual workable info.
I like the story still don't feel like this can connect with many people as they talk about how good of jobs they had to begin with compared to the regular person living either paycheck to paycheck or barely making some money
Agreed, definitely cringey, without a lot of hard numbers on actually getting started, how much money they had to begin with (income, cash on hand, etc), if they had help from family, etc. I have to assume they were greatly privileged on those items and are not mentioning it on purpose.
Although these two seem like a power couple and making great moves in the REI world, I do keep going back to their corporate lives. They both were making multiple 6 figures to start out with (I’m assuming from their corporate titles). I’m sure it’ll be a lot more difficult for the rest of us entry level, paycheck to paycheck, running this constant rat race kind of people.
There is no best thing when couples are in the same line working together for a common goal. The why they respond to the questions said it all how awesome they are as a team. I pray that you will overcome any obstacles in Jesus name 🙏🏾🙏🏾🙏🏾keep up inspiring the world; especially to couples.
This is amazing, as a realtor and REI, i Would love to work with more multifamily investors this year especially those who are looking for deals in Austin Texas and its surrounding areas such as Temple, San Marcos, etc...
Do they ever mention how much initial capital they had when they started investing? Did they already have say more than a million dollars in cash to invest in 2017?
Is there a done for you one stop shop, I know you will not grow as fast but it can help you guys and help someone who might have 50k to 100k to start and wants to make steady returns monthly but doesn't want to do anything work with one company and then sign and collect, Thank you
So basically you put your residential in LLC's after payoff? Thry say you can't put those in an LLC while still owing because of the due on sale clause...
Same here in Michigan. No inventory, what is on the market is 3x the price they were 2 yrs ago and there’s a multiple offer bidding war. Even condemned properties are getting multi offers. Add to that, the 7% interest rate. It’s maddening.
I live in New York , any good deals on the market you either fight over for or are already in the hands top investors before you even get a chance . I don’t see how not having a huge capital will work in the ny market .
So how does one scale as fast, getting systems and processes in place with a lower income job. Correct me if I’m wrong, those with lower income jobs may have to row the boat harder compared to those that are in a higher tax bracket. Those in a higher tax bracket are able to save more and invest more compared to those that aren’t. I just really want more insight on the beginning process. The working at corporate, the budget that was in place. The salary that they had. What portion of their salary had they put towards investing. I feel those are more digestible questions, well for those that are more new.
Agreed, definitely cringey, without a lot of hard numbers on actually getting started, how much money they had to begin with (income, cash on hand, etc), if they had help from family, etc. I have to assume they were greatly privileged on those items and are not mentioning it on purpose.
Rob, you said you have so many questions. Then ask them!? Idk why these podcasts have to have them limits. Just talk the whole thing out. The interview format limits the knowledge and the potential of the podcast and full value
Great question! Real estate goes up over a long period of time. Let me give you an example. When my daughter was 2 years old, we bought a house for $200k, with a 15 year mortgage. In 15 years, by the time my daughter goes to college, the house will be paid off, it will have appreciated a lot over 15 years. So at that point, we can either sell the house or do a cash-out refinance to pay my daughter's college tuition! Remember building wealth is about owning assets, and owning them for a long period of time!
My CPA told me to speak with a real estate attorney so I can make sure my LLC is set up properly. Do I absolutely need a real estate attorney to start an LLC as a brand new investor? Real estate attorneys are not cheap for their time and I’ve already set up two LLCs for other businesses on my own.
I came here to learn how to invest after listening to a guy on a television program about the importance of investing and how he made $260,000 in 4 months from $80k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
they literally have a podcast with a woman who was raised in west africa with no parents living on concrete floor who made it happen. The mindset you just showed right there is the mindset that will not get you anywhere
@thecire2332 oh, so you're an expert right ? Mind your own business. Just stating the facts that a couple with high paying corporate jobs have the flexibility to invest. I have a successful career right now, but you're too ignorant to make assumptions. Nobody is talking to you.
buy the house, and then see what you do with it. if you dont like it sell it. Just like stocks, buy low sell high, very simple, very easy, just how everyone that complains wants it to be.
Why can’t it be as simple as. This is how much money I used to start, this is what I did and this is how much assets this money created. This clearly is the kind of property I bought to maximize this dollar. Everything sounds so vague.
Shout out they success. But it is another clickbait title. There is nothing new they said or mentioned. They said little money both they were working cooperate jobs engineer etc. They say cash flow is not important which shows that they really didn't have to struggle with money. If you didn't blow all your cash flow from all your properties in month for issues HVAC replacement etc and you have to use the cap-x, but at the same time trying to save up for another property. You have to use our w2 and side hustles income. Regardless, it was waste of time.
She grazed it but I think it needs a direct statement. You can bring 25 to closing on hard money they will fund the rehab buuut you gotta bring initial funds to get rehab started to which lender will reimburse after a draw inspection.
The first 10 minutes of this episode is more about the modern results of feminism than actual real estate. Sadly, most women won’t have the same awareness nor will they be as lucky as the woman interviewed here
Lol in 2020? Man 2009-2010 there were homes in Tacoma for $50k Also, rent DOES NOT always go up. Just like real estate value does not always go up either. Also need a paper version of the book
When you say a property that doesn’t cash flow AFTER a refinance in a brrr wouldn’t have cash flowed under a conventional loan either, I don’t follow you.. If you bought a property at 20% down cash, and it cash flows… it doesn’t mean it will cash flow if you refinanced and took out another loan on it?!
What David means is that a property needs to cash flow - whether you buy it rent ready, or whether you BRRRR it. When you refinance, you can typically get 75% to 80% LTV, just like you would if you bought a property rent-ready. So if a property doesn't cash flow for rent ready, it won't cash flow if you BRRRR it either. That is why it is important to select the right city/nighborhood to invest in!
Agreed, definitely cringey, without a lot of hard numbers on actually getting started, how much money they had to begin with (income, cash on hand, etc), if they had help from family, etc. I have to assume they were greatly privileged on those items and are not mentioning it on purpose.
Notice they are reading a script for EVERYTHING? right. this method doesn't work easily. it takes someone working full time to find lenders, etc. Not easy. Not always profitable either.
2010 was the "Golden Era" of real estate investing? Lol, Greene, you need to scale down a bit. Be a little more humble. You don't know what you don't know. You're too full of yourself. Otherwise, this podcast is good. Let Rob take it over.
The “BRRRR” method is a strategy for fixing and flipping. Stands for Buy Refurbish/Renovate Rent Refinance Repeat. There’s an episode on this channel that goes into detail with a live example!
BRRRR Stands for Buy, Rehab, Rent, Refinance and Repeat. It is a way to buy properties, rehab them to force the appreciation, and rent them out. And then refinance to pull your cash out. This allows you to buy multiple properties each year, and build your rental portfolio fast! The SCALE framework we discussed in this episode is a framework to implement BRRRR with limited capital and limited time. Our book Accelerate Your Real Estate shows you how to do this!
Rob... you mention people being 😡 upset about changing the investing strategy info, but it clearly makes since that if the market changes, so must your strategies to succeed. 😊 Alex Hormozi stated in one of his videos, it's not really 'survival of the fittest' but rather 'Survival of the most Adaptable! '😁🫡
TL;DR - BRRR & SCALE
Buy - Scalable acquisition and deal analysis (how to buy property, identify neighborhood, build deal pipeline)
Rehab - Construction (w/o the DIY, find contractors, etc to help you scale/build team in that rehab location)
Rent - Adding cashflow (how do you rehab to attract great tenants and maximize rent you get, putting systems/teams in place to deal with problems)
Refinance - Leverage & Commercial financing (understand short/long term financing, getting past 10 loan limits)
Repeat - Exponential growth (treat like a business, put systems & people in place to scale fast, focus on 20% of things to get 80% of results)
👍🏿👍🏿BRRRRR
So cool to see Niti and Palak on here. I actually did their program and just closed on my first multifamily property! So grateful for them and their coaching!
Awesome I’m gonna look into them!! Thanks!!
How is their program?
How much is the course?
So good to see you here Angie and thanks for your kind words ❤
Can’t wait to see you with your multi-million dollar portfolio
You should post a video showing your progress and brag a tad about your accomplished success. And I want to learn y your secrets. 🤫🫣😉
David, thank you for calling out the REI gurus and their deception that you could just jump in and have enough passive income to retire with their “proven systems “. I truly appreciate your honesty and keeping it real with us!
It does seem like it can be done sooner - how much is enough? Do you really need 100 doors?
20:20 I have a suspicion the opportunity investors are pivoting to today is to sell courses and coaching programs.
As a GC, I offer my clients various options that help them stay within the budget, in reference to materials and ideas to get to their ultimate goal.
this episode covers 100% of every aspect of BRRRR and real estate investing. this is awesome stuff.
Thank you! So happy to hear
If you can't retire off cashflow or it's ok if the property doesn't cashflow day 1 how did you both quit your high paying jobs?
If you didn't have alot of capital how are you buying 10 properties at a time? Even using hard money you still are going to need alot of cash to buy multiple properties at once.
First 10 properties using residential mortgages you have to buy in your own name if you want to sleep at night and not trigger the due on sale clause.
Great question! First Palak quit her job, and we built our lifestyle around just one income. It took me 4 years of investing to quit my job. We used a lot of my income/401k, etc. combined with hard money loans to finance the properties. As you get more experience with BRRRR, lenders will allow you to bring a lot less cash to the table. We got to a point where we were only brining $10k of our own cash to the table to buy a single family home. We did buy a few properties in our personal name at first, but then we moved them over to an LLC. This is because of liability reasons - if there is a lawsuit at a property in your personal name, they can come after your personal assets. This is why we always buy investment properties under an LLC.
@@openspaces1251 Wondering, since you are using "commercial lending" does that mean your property loans are not fixed 30 year terms, but instead shorter terms that would re-adjust interest rates to higher rate? Genuinely curious, thanks!
This was such an amazing interview. When listening... you can notice their experience and passion. One of the biggest takeaways for me was that if a unit is not cash flowing, you can creatively add value to your unit (through additions and modernization)so that you can demand more rent so that its cash flows or gains greater cashflow to support other units in your portfolio. Amazing!.
One great takeaway @28:70 is looking at the right area before you start looking at deals.
So good to see this couple work together towards the same goal 👏
They are successful because they’re both knowledgeable about real estate investing and they have the same common goal.
So happy for them because they are making themselves wealthy. Their efforts and business acumen that was benefiting corporate America will benefit them and their family 🎉
Thank you so much! Glad you enjoyed the episode!
$10M assets = how much net income annually for them?
One of the best interviews and interviewees. They are really trying to share what they learned . Very informative and practical.
Did someone understand what they actually did? They kept going on about systems and processes but what about actual information? How do you find deals? Do you pull out all your capital from deals? If not then how do you find all your exponential growth?
Systems, and processes and teams.... sounds like bravo sierra. A big script.
..and let me guess..you need to sign up for just 10k to learn their secrets that’s available online! 😊 if their intent is to educate people get info to share.
Agreed, definitely cringey, without a lot of hard numbers on actually getting started, how much money they had to begin with (income, cash on hand, etc), if they had help from family, etc. I have to assume they were greatly privileged on those items and are not mentioning it on purpose.
You need capital to invest in anything , because good investments especially real estate has competition. I would definitely sell my house to a cash buyer or someone who puts up 20-30 percent down .
@@user-jw8on6xl4y Evidently it's $8K...and people say not necessary because you can learn it all from books & podcasts, but everything I've seen so far just has all the same vague theories, without actual workable info.
Hi! First time listener, newish investor here. I want to learn more about the Brr method, if that’s how their pronouncing it? Thanks in advance
Such a power couple! They are amazing! 👏🏼
Yes, Dave and Rob are.
Thank you! :) Glad you enjoyed the episode!
I like the story still don't feel like this can connect with many people as they talk about how good of jobs they had to begin with compared to the regular person living either paycheck to paycheck or barely making some money
Agreed, definitely cringey, without a lot of hard numbers on actually getting started, how much money they had to begin with (income, cash on hand, etc), if they had help from family, etc. I have to assume they were greatly privileged on those items and are not mentioning it on purpose.
Although these two seem like a power couple and making great moves in the REI world, I do keep going back to their corporate lives. They both were making multiple 6 figures to start out with (I’m assuming from their corporate titles). I’m sure it’ll be a lot more difficult for the rest of us entry level, paycheck to paycheck, running this constant rat race kind of people.
There is no best thing when couples are in the same line working together for a common goal. The why they respond to the questions said it all how awesome they are as a team. I pray that you will overcome any obstacles in Jesus name 🙏🏾🙏🏾🙏🏾keep up inspiring the world; especially to couples.
Exactly the episode I needed to hear today! Excellent ❤
Thanks Naureen! Glad you found it helpful
This is amazing, as a realtor and REI, i Would love to work with more multifamily investors this year especially those who are looking for deals in Austin Texas and its surrounding areas such as Temple, San Marcos, etc...
One of the most helpful episodes out of the hundreds I’ve seen
One of the best and informative videos I have ever listened that shares the real life in real estate investing. Good job!
Do they ever mention how much initial capital they had when they started investing? Did they already have say more than a million dollars in cash to invest in 2017?
Yes, they did. 25K
How about someone who started or can with some decent cash?
Powerful couple making it happen together. Lots of great nuggets during the interview. Thanks for bringing them back to the show
Thank you!
You guys are amazing! Thanks for sharing your knowledge
Thank you! We really enjoyed talking to David and Rob
Episode is great book so far is more motivational instead of technical. Hopefully the free add on is more technical.
So basically not a lot of "meat" but just a lot of fluff in the book then?
@BiggerPockets question: are you supposed to create different llc for every property you buy or use same llc for all? please elaborate.
Is there a done for you one stop shop, I know you will not grow as fast but it can help you guys and help someone who might have 50k to 100k to start and wants to make steady returns monthly but doesn't want to do anything work with one company and then sign and collect,
Thank you
So basically you put your residential in LLC's after payoff? Thry say you can't put those in an LLC while still owing because of the due on sale clause...
I believe they said they would have rather started off buying all rentals in the LLC name.
Less competition, easier to find a deal???? Where??? Multiple offers here in ny. Put three offers over asking all rejected as someone went even higher
Some markets are still hot due to low inventory!
Make more offers.
Same here in Michigan. No inventory, what is on the market is 3x the price they were 2 yrs ago and there’s a multiple offer bidding war. Even condemned properties are getting multi offers. Add to that, the 7% interest rate. It’s maddening.
2013-14 are the years that haunt me to this day. 20-30k properties in my area, that are now 150-240k. Looked at 10+, only bought one 😑😑
I live in New York , any good deals on the market you either fight over for or are already in the hands top investors before you even get a chance . I don’t see how not having a huge capital will work in the ny market .
I wish it was easy to do. I would like to get into real estate investing, but it takes capitol.
So how does one scale as fast, getting systems and processes in place with a lower income job. Correct me if I’m wrong, those with lower income jobs may have to row the boat harder compared to those that are in a higher tax bracket. Those in a higher tax bracket are able to save more and invest more compared to those that aren’t. I just really want more insight on the beginning process. The working at corporate, the budget that was in place. The salary that they had. What portion of their salary had they put towards investing. I feel those are more digestible questions, well for those that are more new.
Agreed, definitely cringey, without a lot of hard numbers on actually getting started, how much money they had to begin with (income, cash on hand, etc), if they had help from family, etc. I have to assume they were greatly privileged on those items and are not mentioning it on purpose.
“Bird chirping at my window with a wrong tune” hilarious Big guns David
Rob, you said you have so many questions. Then ask them!? Idk why these podcasts have to have them limits. Just talk the whole thing out. The interview format limits the knowledge and the potential of the podcast and full value
Coupon only took $1.59 off.
AWESOME EPISODE!!!!
Thank you for inspiring us!
How do you get over that hump of long term investing. When the trust is not there?
Great question! Real estate goes up over a long period of time. Let me give you an example. When my daughter was 2 years old, we bought a house for $200k, with a 15 year mortgage. In 15 years, by the time my daughter goes to college, the house will be paid off, it will have appreciated a lot over 15 years. So at that point, we can either sell the house or do a cash-out refinance to pay my daughter's college tuition! Remember building wealth is about owning assets, and owning them for a long period of time!
Where are 30-yr fix investment loans???
Great episode, just pre-ordered the book!
My CPA told me to speak with a real estate attorney so I can make sure my LLC is set up properly. Do I absolutely need a real estate attorney to start an LLC as a brand new investor? Real estate attorneys are not cheap for their time and I’ve already set up two LLCs for other businesses on my own.
No you don't need a RE attorney to set up a RE LLC. Just set it up like you did before
I came here to learn how to invest after listening to a guy on a television program about the importance of investing and how he made $260,000 in 4 months from $80k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
When you say commercial loans, does this also mean the hard money lenders loaning for a longer term?
Need help, how do I calculate and see if the numbers work? Anyone have a spreadsheet.
Great show david.
Nice to have money to take that leap of faith.
We didn't have a ton of money when we started. If you have $25k or so, that would work. We had to save up for a year to be able to invest.
they literally have a podcast with a woman who was raised in west africa with no parents living on concrete floor who made it happen. The mindset you just showed right there is the mindset that will not get you anywhere
@thecire2332 oh, so you're an expert right ?
Mind your own business. Just stating the facts that a couple with high paying corporate jobs have the flexibility to invest.
I have a successful career right now, but you're too ignorant to make assumptions.
Nobody is talking to you.
She bought a multi unit property for 50,000
Thats not even half for a down payment in 2023 on a single family home
Great interview, loved it!
buy the house, and then see what you do with it. if you dont like it sell it. Just like stocks, buy low sell high, very simple, very easy, just how everyone that complains wants it to be.
Discount coupon is not working.. Could you please check?
Why can’t it be as simple as. This is how much money I used to start, this is what I did and this is how much assets this money created. This clearly is the kind of property I bought to maximize this dollar. Everything sounds so vague.
Very knowledgeable couple!
Thank you!
Shout out they success.
But it is another clickbait title. There is nothing new they said or mentioned. They said little money both they were working cooperate jobs engineer etc.
They say cash flow is not important which shows that they really didn't have to struggle with money. If you didn't blow all your cash flow from all your properties in month for issues HVAC replacement etc and you have to use the cap-x, but at the same time trying to save up for another property. You have to use our w2 and side hustles income.
Regardless, it was waste of time.
Is it me or does the book link not work?
Just curious what market are they buying in?
Supposedly Philly, I'm guessing suburbs or the hood because the numbers they gave as examples were REALLY low...bought a house for $80K??
Any way to get a hard copy book?
very good intent specially someone doing BRRRR , THANKS PALAK AND NITI . good luck ....
Thank you Nikhil! Good luck to you as well
She grazed it but I think it needs a direct statement. You can bring 25 to closing on hard money they will fund the rehab buuut you gotta bring initial funds to get rehab started to which lender will reimburse after a draw inspection.
Great content.
Thank you! Glad you found it valuable
Was the coupon supposed to get you the book free or just a discount? It only gave me $1.49 off.
What was the name of the book again?
Great learning episode! Thanks to Niti and Palak!!!❤
Thank you! Glad to hear!
The first 10 minutes of this episode is more about the modern results of feminism than actual real estate. Sadly, most women won’t have the same awareness nor will they be as lucky as the woman interviewed here
Lol in 2020? Man 2009-2010 there were homes in Tacoma for $50k
Also, rent DOES NOT always go up. Just like real estate value does not always go up either.
Also need a paper version of the book
I wish I could scale like this. I’m still on a duplex and a house I sold on contract.
Your way ahead! I’ve only got a sfr
When you say a property that doesn’t cash flow AFTER a refinance in a brrr wouldn’t have cash flowed under a conventional loan either, I don’t follow you..
If you bought a property at 20% down cash, and it cash flows… it doesn’t mean it will cash flow if you refinanced and took out another loan on it?!
Right around the 30:00 mark (just before)
What David means is that a property needs to cash flow - whether you buy it rent ready, or whether you BRRRR it. When you refinance, you can typically get 75% to 80% LTV, just like you would if you bought a property rent-ready. So if a property doesn't cash flow for rent ready, it won't cash flow if you BRRRR it either. That is why it is important to select the right city/nighborhood to invest in!
@@openspaces1251 oh okay/ I see what he’s saying… thanks for the clarity!!
I am next quitting the corp life. 🎉🎉🎉
If you have to read a page five times to understand what you just read throw that time waster away!
30:45
That’s a big assumption that may not be true.
This won't work in 2023 ,it will if you go back about 3-6 years
Answer : write book and sell it hard and then buy real estate with the money gained
This is very unrealistic
A reverse cinnamon roll 😂
They still find the broccoli, fyi ....
Anybody doing BRRR in Dallas lol…..
You save everything and buy qqq until an 08 happens
Upside down cinnamon roll?!
This episode felt like a giant sales pitch.
Agreed, definitely cringey, without a lot of hard numbers on actually getting started, how much money they had to begin with (income, cash on hand, etc), if they had help from family, etc. I have to assume they were greatly privileged on those items and are not mentioning it on purpose.
Notice they are reading a script for EVERYTHING? right. this method doesn't work easily. it takes someone working full time to find lenders, etc. Not easy. Not always profitable either.
O my gawd
👍
Thank you!
2010 was the "Golden Era" of real estate investing? Lol, Greene, you need to scale down a bit. Be a little more humble. You don't know what you don't know. You're too full of yourself. Otherwise, this podcast is good. Let Rob take it over.
Screw rental. I have lost my shirt off.
Say more! Where and when?
@@pioneer7777777 I had 80 units apartment building in Sacrament California. It’s really painful to talk about it.
I’m thinking the pandemic didn’t help and the rent moratorium and people not paying their rents
Ohh my Ghwad
What's a brr
The “BRRRR” method is a strategy for fixing and flipping. Stands for Buy Refurbish/Renovate Rent Refinance Repeat. There’s an episode on this channel that goes into detail with a live example!
BRRRR Stands for Buy, Rehab, Rent, Refinance and Repeat. It is a way to buy properties, rehab them to force the appreciation, and rent them out. And then refinance to pull your cash out. This allows you to buy multiple properties each year, and build your rental portfolio fast! The SCALE framework we discussed in this episode is a framework to implement BRRRR with limited capital and limited time. Our book Accelerate Your Real Estate shows you how to do this!
Such quality content but such an awful title 😂
He’d benefit from giving his wife a little more space to speak.
Rob... you mention people being 😡 upset about changing the investing strategy info, but it clearly makes since that if the market changes, so must your strategies to succeed. 😊
Alex Hormozi stated in one of his videos, it's not really 'survival of the fittest' but rather 'Survival of the most Adaptable! '😁🫡