26 Doors in Less Than 2 Years with the BRRRR Strategy
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- Опубликовано: 4 июл 2024
- The BRRRR strategy (buy rehab rent refinance repeat) is used by every stage of investor. Small investors with limited amounts of cash use it to scale their portfolios quickly, and large investors use it to dramatically reduce their risk when investing in value-add real estate. Whether you’re a real estate rookie or a veteran investor, the BRRRR strategy can help you grow your portfolio faster and with less cash needed than buying a rent-ready rental.
Soli Cayetano is living proof that the BRRRR method works. She was able to scale from zero to twenty-six doors in less than two years. This is even more impressive since she only started with $15,000! After realizing that her savings would only provide enough down payment for one property, she knew that she needed a way to recycle the same funds so she could build her portfolio as fast as possible.
Now, as a full-time real estate investor, Soli has seen the true power of the BRRRR strategy and wants every rookie investor to learn what helped her grow at lightning speed!
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Check out Last Week’s Episode on Out-of-State Real Estate Investing:
• What Nobody Tells You ...
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The “Buy, Rehab, Rent, Refinance, Repeat” (BRRRR) Method Made Simple:
• The “Buy, Rehab, Rent,...
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Grab David Greene’s Book “BRRRR”:
store.biggerpockets.com/produ...
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How to Succeed in Real Estate Investing Using the BRRRR Method:
www.biggerpockets.com/guides/...
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Use the BiggerPockets Buy Rehab Rent Refinance Repeat Calculator:
www.biggerpockets.com/brrrr-c...
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Connect with Soli on BiggerPockets:
www.biggerpockets.com/users/s...
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Follow Along Soli’s Journey:
www.lattesandleases.com/
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Follow Soli on Instagram:
@lattes.and.leases or / lattes.and.leases
00:00 Tight on Cash But Want to Buy Rentals?
00:33 Don't Have Enough Down Payment?
01:14 BRRRRing Her First Rental
04:27 4 Tips Before You BRRRR
05:55 0 to 26 Properties with the BRRRR Method!
This is the most simple version of this strategy I have heard thank you!
I'm new to this but the rehab looks like it costs more than 15k 🤔
Great video! Very concise
hello! i wanted to start doing the brrr strategy but there are so many questions i have for example did you go to a bank and ask for a loan? or a private lender ? if it was a private lender how could you refinance through them? did you use your own name to finance the houses or are you using a business structure ?
Nice job!!
Great content , now .. what’s the next market ,, not saturated yet ?
I'm confused, if lenders only allow you to cash out refinance only once you've held on to the property for 6 months then how did you scale so fast?
Such a great video! I didn’t know you were able to get a conventional loan on a brrrr
glad it was helpful!
$50k saved is now considered limited capital?
Limited to scale as she did. She made it pretty clear imo she didn’t just want one property.
@@BrianBenjieRN She needed 50k for the down payment on one property. Not future ones
@@Don-hc4gk she paid about 20 for a down and 30 for rehab. That’s again why she said it’s limited to scale. When you have to put up your own money to get more and more units.
@@BrianBenjieRN The point is, she said that she was working with a limited amount of capital. $50k, even $20k is an ample amount of capital. More than most ppl have access to. Maybe it's limited for what she wanted to do but that's it.
@@Don-hc4gk that’s exactly what I was saying lol. Limited to scale
How do you find houses that cheap??
Have you used rehab loans for purchase and rehab of a BRRRR deal?
Inspiring! However…based on your available funds and timeline you mentioned there it seems like you could do only about 4 units in two years-how did you get up to 26 so fast?
I started utilizing hard money loans and raised private capital!
@@lattes.and.leases How did you find private capital? Can you do a video on the process of finding private funds and how the process works?
@@dubiousjesse from what Iv gathered it’s honestly not as hard as you think, assuming you’ve networked with family members and really close friends. You honestly just partner up with them. Family and very close friends who you consider family would be the safest options and a fast way to get funding for investing. It’ll be difficult in the beginning but very possible. Iv seen Soli on her IG ask her audience if they want to partner up on a deal after submitting a partnership form for consideration.
When you said you have 38k in equity to reinvest,,,,you mean as a heloc? Cause the 80%refi only gave you 116+ and you said you left 7k in the deal cause the property was going to make you that much in rent anyways. Im just trying to figure out where that 38k came from.
Purchase price was 98k and she put 20% down so original loan was 78k. Refi was 116k so she had 38k left after paying back original loan (116k-78k)...at least that's my understanding 😊
Fine tune your audio quality
I'm in Arizona and it's super complicated to do brrrrs out here. Feels like California took over Arizona.
maybe an opportunity to look out of state? :)
With todays rising interest rates, how can you realistically make a brrr work? Are you really refinancing loans you got last year at sub 3s to 7 percent and able to make this strategy work?
I’d assume with rising rent , yes
@@FutureTricking Exactly and especially if you buy off-market and you can always refinance when rates come down
I'm looking to BBRRR - BUY land BUILD, RENT, REFINANCE, Repeat! Capex will also be very low for 10 years
I'm looking to partner as well...
Full gas in neutral - how much cashflow you have on average from each property ?
I shoot for a minimum of $200/mo/unit after a cash out refinance (all of my buy & holds have been BRRRRs)
@@lattes.and.leases this $200/mo/unit method of all the BP Guru's not really work in real life, those number great on excel sheet, but revisit in 5 years and you will see that the banks, PM, constractores and other made more money then you
@@78troyas lots of other benefits of actually owning the property! huge tax benefits, appreciation potential, and principal pay down in addition to cash flow. Over the years rent will increase and that $200/mo can easily turn into a lot more.
@@lattes.and.leases what if the rent will not be increased in the next 5 years?, "huge tax benefits" you need to make money to pay tax's and you don't....according to those numbers... you also paid $10k x 26 = $260,000 for loans cost ... that you need to pay back...first 5-6 years you will pay only the loan cost... all this hadech for maybe $5,200... that you can do with 4 properties.... not get you guys why you sugar coat, people will belive you make real money and will get into more and more debt... in the next market correction you will be under water ( I hope not)...
@@78troyas u get good debt and bad debt.. buying a house to live in is a bad debt or a car for instance. buying a property to rent out that gives u positive cash flow is good debt...
its not about the banks making money, obviously they will make money but if u smart u using their money to make u money. rents do normally increase , u have that in ur contract increases need to happen cause of rising costs of other things like food, fuel etc. some of the biggest property investors in the world use the banks money so why would i go against what they doing?
in 2 years at 6 months per one, how is that possible?
maybe she was counting every single door in every house hahaha
Damn chipmunk....could you talk a little faster?