Great video !! I am a local realtor in Greensboro. I also have have done off market real estate as well !! I found you through Andrel Harris. I’m looking to get some deals done myself to build my empire for my children. I watch the video a few times and took notes !! Great explanation . I think holding the property get the tax credit and cash flow is the best purposeful value. I can’t wait to see what you choose and why you didn’t choose other options. What I learned I didn’t know lenders will buy the home back and pay you to manage the property. Way to go 💪🏾💪🏾 Jamel
I will be in the same situation in a month. I say cash out refinancing is a great play. Keep it as a rental. But at the end of the day, you make the final decision for you and da fam.
Great work on the house brother! I would sell it to my lender first option and second would be refinance and rent it out.Thanks for the great contents you put out🙏🏾🙏
This is a highly educational series. My question is this, is a lease purchase legal and possible with BRRRR as your lease optioned tenant resides as the renter during the refi process? Or is a traditional renter the only way to BRRRR? Also, I've never heard of lenders offering a market match for an asset and paying out a management fee to the selling investor. Beautiful work by the way I actually like this residence. Based on the position I think I would BRRR because equity is rising, rents are rising and so are wages, making it easier to find a qualified pool of quality renters. The refi dollars allow making another set of investments and maintain the renewed relationship with the $100 mm lending firm. Thank you Jamel!!
The house is beautiful Jamel and that kitchen is amazing. I’m probably the odd ball here but could this property be good to do an Airbnb/vrbo type thing or is that just not your thing?
Great video Jamel!! I've been in the same situation myself before. Not knowing going in what the eventual plan will be to rent or sell. I choose to sell to a buyer as the market demand was greater to maximize the proceeds!
You can manage it for them. Rent out managed that what you still get your cut. And move on to the next project. You still have at least management money coming (passive income)😊
💎💎💎 This was great information and great options. I would cash out/refi and rent. If you do property management and later on the owner decide to do something else then what. And will that management fee equate to the monthly cash flow if you rent it? But we know you already a master plan!!!! We are just taking notes.. 📝
I have a question so so you paid 4k to get the 80k & paid $800 monthly until finished, refinance it and pull the 80% out and paid back the 80k because your interest already paid?
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Awesome! Great job Jamel!🎉
You’re going to BRRR it because you’re a smart man
💪🏾.
Great video !! I am a local realtor in Greensboro. I also have have done off market real estate as well !! I found you through Andrel Harris. I’m looking to get some deals done myself to build my empire for my children. I watch the video a few times and took notes !! Great explanation . I think holding the property get the tax credit and cash flow is the best purposeful value. I can’t wait to see what you choose and why you didn’t choose other options. What I learned I didn’t know lenders will buy the home back and pay you to manage the property. Way to go 💪🏾💪🏾 Jamel
Thanks for the comment. Just for full disclosure, my lender is interested in that. I won’t say that about all lenders. That’s not usually the case.
I will be in the same situation in a month. I say cash out refinancing is a great play. Keep it as a rental. But at the end of the day, you make the final decision for you and da fam.
I'm in the same boat!
Great work on the house brother! I would sell it to my lender first option and second would be refinance and rent it out.Thanks for the great contents you put out🙏🏾🙏
🙏🏾🙏🏾
I know you ain’t choose that management joint lol it’s probably decent money but my man don’t need that! Place looks fresh man!
This is a highly educational series. My question is this, is a lease purchase legal and possible with BRRRR as your lease optioned tenant resides as the renter during the refi process? Or is a traditional renter the only way to BRRRR? Also, I've never heard of lenders offering a market match for an asset and paying out a management fee to the selling investor. Beautiful work by the way I actually like this residence. Based on the position I think I would BRRR because equity is rising, rents are rising and so are wages, making it easier to find a qualified pool of quality renters. The refi dollars allow making another set of investments and maintain the renewed relationship with the $100 mm lending firm. Thank you Jamel!!
You can do it depending on the cash out lender.
The house is beautiful Jamel and that kitchen is amazing. I’m probably the odd ball here but could this property be good to do an Airbnb/vrbo type thing or is that just not your thing?
Definitely possible.
Great video Jamel!! I've been in the same situation myself before. Not knowing going in what the eventual plan will be to rent or sell. I choose to sell to a buyer as the market demand was greater to maximize the proceeds!
💪🏾
You can manage it for them. Rent out managed that what you still get your cut.
And move on to the next project. You still have at least management money coming (passive income)😊
💎💎💎 This was great information and great options. I would cash out/refi and rent. If you do property management and later on the owner decide to do something else then what. And will that management fee equate to the monthly cash flow if you rent it? But we know you already a master plan!!!! We are just taking notes.. 📝
🙏🏾🙏🏾
House looks beautiful, id sell to lender, get your cash back and manage the property. I'd also like to learn wholesaling local and virtual.
🙏🏾
I have a question so so you paid 4k to get the 80k & paid $800 monthly until finished, refinance it and pull the 80% out and paid back the 80k because your interest already paid?
I think that’s it right?
It's a nice house, but sell it
🙏🏾