Complete BRRRR Rental From Start to Finish | Real Life BRRRR Method Example
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- Опубликовано: 2 июл 2024
- #BRRRRMethod #RentalProperty #RealEsateInvestingForBeginners2023
This is the best video you can watch to learn about the BRRRR Method with real life example and case study. Sam and Lucas walk you thru one of their most recent rental properties and explain the BRRRR Strategy in simple and digestible terms.
In this video you can see the before and after pictures of their rental rehab and learn how simple the BRRRR Method can really be.
This video is perfect for the beginner real estate investor who wants to learn about the BRRRR Strategy and how to buy rental properties with no money... you read that right, you can buy rental properties with no money out of pocket.
These guys like to have fun and show you how you can be successful as a real estate investor and create wealth like they have!
💯💯💯💯Go to www.freerentalwebinar.com for an amazing FREE webinar we just shot! I give you all the tricks and tips for real estate investing. Including where to get funding, how to invest without using your own money and a ton of free giveaways. It can literally change your life!
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• Complete BRRRR Rental ...
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.
Hey Chuck! Sorry you feel that way. Unfortunately you don’t really understand what I do. If you did, you would know that I take run down houses that people can’t afford to fix up and I make them livable and rent them out to amazing families and have very small profit margins. It’s ok to not understand… but ignorantly blasting a stranger on RUclips is an interested alternative. Have a great day! Hope you are doing well!
Dudes literally teaching you how to make a ton of money. This is tried and true. I quit my god awful factory job and used this exact method to make more money than most doctors. Society isn’t here for you Chuck
@Chuck He's actually teaching you and many others to make money. You should thank them for that. They're not trying to make you buy a course. It's all FREE INFORMATION.
Who are you really mad at Chuck?
🤡
you should do a video and show when it doesn’t always work correctly, it could be a real eye opener for some!
That’s a great idea! We will look into it!
Agree
Love this video so much! Currently a realtor in Los Angeles !!! Would love to start brrrring but the home prices are insane right now! This video has so much value thank you!
Don't let that hold you back! You can leverage people in different markets and have systems and team on the other side of the country helping your efforts! a few streets away or a few states away the process is the same and mostly done over the phone and on the computer anyways!🚀
Perfect timing to find this video! I absolutely love it! I clicked on another video of yours and I was like nope wait a second go back and give these guys some credit for their awesome work so here I am! Anyways... on to your next video!
Hope you enjoyed it!🤣
You covered the strategy in less than 15 min. Amazing and very clear...
Enjoyed the video. Makes sense about outsourcing. Reminds me of my Dad saying, Penny wise pound foolish.
Here from you live TikTok... Thanks for sharing your videos, heading to IG to follow and dm you!
Perfect! Will check it later! Thanks!
this is so helpful! thanks for the precise content in each video.
Thank you for the comment!
Thank you for this video, exactly what I was looking for!
Thank you! Check out my other stuff!
best information i’ve ever gotten at 18!! thank you!
Thank you! Appreciate you!
Great video. I will be buying my first BRRR very soon. Finding a bank without a seasoning period is a great point i need to look into. The hard money fees would just eat up your profits.
You can find one for sure!
Very informative video for people who don't know how to get started. Thank you!
Thank you very much! Appreciate you!
Thanks for taking the time to break it down (visually), it makes more sense now.
Thanks! I just replied to you IG message!
@@TheFasterFreedomShow thank you
Finally finding a video that explains and shows the whole process from start to finish.
My favorite video right here💯
How have I missed your channel after all of this time? Smh. Glad I subscribed now.
Glad you are here!
Great video! Nice to see how you walk us through property from beginning to end, it would be nice to see how you really started on your first property and where you got your first private lending money from.
It would be nice to see how you set up the private lender loan, maybe even showing the specific contract on how to structure it between you and the lender. Keep the videos coming, it’s great material!
Thanks for the feedback. We will look into it. We do have a video or two on this subject as well!
@@TheFasterFreedomShow then I better find them and watch them too!
Thank you!
What I love the most about your BRRRR approach is that yall buy for equity, y'all build for the long term game. I love this!
My only question is how do you know the ARV? Who evaluates the ARV for you?
We calculate it. I have a video that explains how to on here as well!
I’m officially a student. This was PHENOMENAL thank you.
Thanks Zera! Please feel free to subscribe to the channel so you get all the newest content!
You guys are awesome! We just bought our first rental using the BRRRR strategy!
NICE WORK!👍
Great video guys! Straight to the point!
Thanks!!! Appreciate yiu!
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😊
I just need to make sure it stays occupied and/or make sure I have reserves in the event the property is vacant.
absolutely! When we run our cashflow numbers we account for yes mortgage, taxes, insurance, maintenance, and property management but also VACANCY! It will happen and you might as well have the numbers work to where the issue pays for itself..Because vacancy is an issue (the most expensive one I might add)
DM me on IG @SamFasterFreedom if you want my FREE training💯
This is awesome! I’ve had a long term rental in the past, and I’ve recently changed to short term. I love the cash flow that I get from short term and the better care my property receives from guests, however I want to get more properties. I can’t really start doing this stuff right now, but I’m seriously looking at starting in the next 6ish months or so.
You got this!!
It's been 1 year since your comment, did you ever get started again?
Yessss! Love all of the info!
Thanks a bunch!
@@TheFasterFreedomShow no problem, I’m hoping to be where you’re at by 32. I’m 28 now and I am sick and tired of struggling!
These are the type of people you need to surround yourself with! God bless and thank you
Thank you!
Very good video. I totally learned something today!
Aweosme! Glad you did! Stick around for more!
Man I cant wait to do my first Brrrr. I just need to take care of a few things and my god I cant wait. I cant sleep and/or eat some days lol Thanks for all the free info guys.
Thanks for commenting! Appreciate you! See you on the next one!
Always the best content!
Thanks Amy! Appreciate you!
Thank you for sharing the knowledge 🤗
Thank you for commenting! See you on the next one!
Love all your videos! Would love to join your free webinar!
Nice! Go to www.freerentalwebinar.com
This is the first time i kind of understand the BRRRR strategy. Thanks for this simple and practical illustration.
Glad it was helpful!
Hope this helps👍
DM me on IG @SamFasterFreedom
for my FREE training
@@TheFasterFreedomShow I’m doing that right away!!
Awesome information!! cant wait to get started
This excites me!! Let’s go
This is very helpful. I have been looking to get into real estate, so it is helpful to get more knowledge.
Thank you!
Thanks for your content!
Thank you for commenting!
Great tips about the outside of the house in terms of annual maintenance, marketing strategies and tenant rules/laws.
Thank you!
I love this kind of videos, I'm about to start my own journey.
Let’s go!
It is great because like you said at the end you don't have to come up with so much capital....even if you broke even or was down $5000 after the deal finalized you are getting 50% cash on cash return if you are flowing $200/month....beats the hell out of 10% return....and you can do it again and add to your portfolio of appreciating assets that are cash flowing. This is an excellent method. I just need to really get good at properly estimating repair costs and finding provate hard money lenders and of course finding the deals
Thanks! Go to www.freerentalwebinar.com for my free training and info on the mentorship!
Thanks you guys!
Olympia WA here the market is Hot.
Scarcity the Rent and Listing price points are amazing.
I just started Real Estate my goal bye next year is to use BRRRR method thanks and God Bless.
Tgr
Thanks for sharing!
Salute Fellas. tons of value here. Good vid
Appreciate that William!!
Awesome video and information! Thanks.
Thank you!!
We ate way toooo much today. Merry Christmas, happy holidays. Great example
Glad you had a good one! Have a great weekend!
Very insightful!
Thank you!!
I'm ready to start this!
Let’s go! Stay tuned here and DM me on IG for the training!
You guys are funny God bless you both i enjoy learning this brrr strategy its more clear easy to understand thank you i have a friend she did this too shes now very successful because of this strategy
Thank you!
Amazing result congrats you guys wonderful
Thank you Sally!
Love your video, subscribed
Thanksbb
Great video guys!
Thank you!
Awesome job!
Thanks Ron! Appreciate you!
Great video!!!
Thank you very much!! See you on The next one!!
Please more start to finish rehab videos with included financial numbers 👏🏾👏🏾👍🏾
I agree...Coming soon!💯
Thank you great info 👍
Thank you!!
Love the video!! So much value!’ Just closed my first whole deal for $40,000!!
🚀🚀🚀
Congrats
Great information!
Thank you very much!!
Awesome start to finish!
thanks!
Loved the video, great content... Any private lenders you might recommend??
That was awesome 👌
Thank you! You are awesome!
Great content!
Thanks!!
Thank you very much
Your welcome!
Great video ❤
This helped a lot actually 😂👍🏼
Thank you. Appreciate the comment!
Great video! Nice effort
Thanks a lot!👉 ruclips.net/video/90OAUrBPz78/видео.html
What brand of appliances you get? Would love recommendations for my current rehab. Also for the granite and floors. Any brands you use is greatly appreciated! Nice job!
Love your Tiktoks!!
Thank you!! Appreciate you!
new subscriber love the chemistry
Aweosme!! Thank you!!
Very informative and funny!
Of course!
GREAT video!!
Glad you enjoyed it!
Great content, explained very well. Do you guys have a method for finding houses at a discounted price? Or, do you kind of just look around online and going to open houses until you find one at a low cost, but with potential requiring limited rehab costs?
We have a ton of different ways to find off market properties. I have RUclips videos about it on here and also DM me on Instagram if you would like
Great video and super helpful. Do you use the private money to cover closing costs and fees when purchasing the property or your own money?
Yes we use the private lender for every expense
I want to learn how to do this! Please teach me your ways!
Loved the bloopers too 😭
We like to have fun🤣
Love your videos. Add me to the list for your training classes.
Will do! Send my a DM on IG!
Great video! I was wondering if you would use multiple private money lenders or just one?
We have a few that we have used over the years! DM me on IG for more!
Hey guys! Thanks for the content! I was curious about the size of the property in this deal? Sqft and beds/baths? Thanks so much!
Thanks! It is a 3 bed 2 bath, 1200 sq foot house!
So helpful
awesome feedback! Thanks.. Share with like minded people
mindset of abundance
Those numbers are killer well done. I love the paint color you went with. Could have missed it - what city are you guys in?
Thanks! St. Louis!
Hi what’s the bank that you use for the short term loan? I feel like it’s very hard to find a lender
This is a great content thanks. I do have one question, after you refinance the house do you have to pay for closing cost, if that can be added on the new mortgage?
Tht can get glasses to the refinance! Also go to www.freerentalwebinar.com for my free training
Im gonna post my journey too. Thank you
awesome!
Good summary guys
💪💪💪
Great video! I would love to see a video where you show the damage, the estimated cost to fix it, and the finished product with the finalized repair costs laid out for each repair. I feel that is my biggest knowledge gap...knowing how much repairs will cost to know if a house is a good deal for a BRRRR.
I have several of those!
Here's a good read for to cover your knowledge gap:
"The Book On Estimating Rehab Costs" by J. Scott.
This was recommended by David Greene, a very successful BRRRR investor with BiggerPockets.
I would like to see more details about the appraisal. What gets it accepted? What’s gets it decline? Do you have to live in the first property? What are the tips and tricks of getting around the appraisal? Any loops holes?
Do you have to get the appraisal to get the loan from the bank. They need to know a market value that they could base their loan off of. I have other videos to talk about this but also go to www.freerentawebinar.com to talk about my free training and information on my mentorship
Where do you get the initial loan to purchase and fix the home in the first place?
Hi guys great video, most understandable explanation I've found thus far. Where do I go to find a private lender though?
Great Q.
I recommend going to local REI
you'll find a room full of people that believe in real estate and some of them are lawyers, doctors, and business owners that have money but no time to invest..These are the people you want to be friends with👍
I'm here from your live TikTok stream
Thanks Robin!
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
if the panel needs it we will do it..If the walls are coming down we will make sure it's up to code
GREAT INFORMATION
Thank you!
Glad it was helpful!
I’d like to see the numbers behind the interest paid to the private money lender and how the projects timeline
Go to FreeRentalWebinar.com
and that will help answer some of your questions👍
Great video, I appreciate it! I’m in the military and buying my first BRRR property in May/June and I have access to the VA Home loan. Do y’all have any advice y’all could give me with starting out??
Thanks!
VA is typically for turnkey properties I believe. Turnkey is the opposite of a BRRRS deal that needs rehab
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?
How do you get a private lender? And do you need a real estate license for this? If not, would it help if you had one? Great vid.
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?
Thanks for the video. You bought at $72k and had $30k in for $102k.
ARV was $133k. 80% LTV gives you about $106k. That leaves about about $4k to cover closing on new loan and cash out.
How did you repeat with less than $3000?
What did the next deal look like based on the results of this?
Great video
Glad you enjoyed it! I have a new video your going to LOVE! Today @ 3:45PM CST 📺
@@TheFasterFreedomShow I’m subscribed, good info for any Real estate investor.
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?
This is awesome would you recommend buying a house that's still being built?
If the numbers make sense... sure!
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%?
1st of all great job!
and i use 75% because that's average. but in some areas you will want to be more conservative then others.. Also depends if your ok with leaving money in the deal (because its a rental) most flippers use 70%
Great walkthrough on the video guys. You mentioned in this video this is how the BRRRR method works but it doesn’t always work this way perfectly. Do you guys have a video on what can go wrong? Or past experiences on what has gone wrong for you guys and how you bounced back from it?
We are working on one now!!!
Is it feasible to take out a hard money loan to rehab a piece of property in the north east where even a fixer upper is still 400k? I believe the interest rate in these loans run anywhere from 10-20%; am I expected to eat the cost of these exorbitant high monthly payments throughout the course of construction and the 8 month buffer before getting the property refinanced through a bank?
Great job guys! One quick question - Do you refi for 30 or 15yrs, which one do you usually go for on your deals? Also, can you guys go more into detail on the type of loan at the time of refi such as, fix or variable rates, ballon period, etc?
We usually do as long amortization as possible! And yes we can work on some!
Get 30 year fixed as low a rate as you can I would guess
Great content. SLR autofocus was distracting though.
I am so interested in starting this. But I have three major questions:
1- realistically, what will our first property cost us out of our own money?
2- what if no one will help us? Like what if we can’t find a private lender? What if we don’t get accepted for refinancing?
3- what if I can’t find cheap homes in this market?
Please help us! We’re desperate to start this!
lot of limiting beliefs here. Mindset is everything. Ask yourself "How Can I?" instead of I can't. Watch my channel for the education, then start networking. We have programs but they're geared towards those who are committed to it. The learning should come first.