Hey Sam. I’m 19 and avidly trying to get into this, even learn the ins and outs, so I can be years ahead. I was scared to begin this journey, but you suppressed any fear. You truly are one of a kind, you’re an amazing man and an inspiration to someone as young as me. NOBODY sits down and has a free, hour and 15 minute video discussing deep topics about how they built wealth. And for that I thank you!
FINALLY THE TRUTH!!! Someone who really wants to help others. I'm so very happy that I finally found someone providing ALL the information needed to get started without asking for thousands of dollars first.
This channel has some seriously great content on real estate investing. I thought I knew the basics but I've definitely learned a lot more from watching you guys. Nicely done!
I started to read that book too. It’s to educate people to have a diff mindset from what we have been told. I do want to educate myself more and be financially literate
This... was... very good information! No fillers, no beating around the bush. Just straight up quality content. I definitely know what to focus on in the next 12 months. If all goes well we'll have purchased our first rental property.
I’ve been wanting to acquire rentals properties for YEARS, paid good money to attend seminars but have always been reluctant to pull the trigger on it. Thanks for sharing all of your knowledge.
@@TheFasterFreedomShow you say free training but when you hit the contact button to schedule mentoring, it says it costs several thousand. Which is it?
Guys, a big Thank YOU! I've been waiting for a long time (over 10 yrs!!) to pull the trigger on my 1st rental property. Im about to make my 1st offers!! Love the content and im excited to take the leap!
Just joined the Faster Freedim Mentorship last week. Super excited to go all in and build a rental empire! This is a great initial video to what the process looks like. Well done! 👏
We are going to try this. Right now I'm gathering all the info to start preparing a team. I'll need to find a lender, contractor, property manager, and tax accountant that I can trust.
This is one the best video breaking down the BRRRR concept that I’ve seen. I’m pretty familiar with the concept but even the. I’m impress by how details and we’ll explained you guys were. 👏🏽👏🏽
Hi guys!!!! I live in TX (North Dallas) and I am trying to get as much as education as possible. I have a strong desire to get into real estate investment and I honestly feel really green. Thank you for sharing so much knowledge.
This is amazing. Thank you for your transparency. There are people who have BRRRR strategies and want to charge thousands to learn their system. I wonder if they do anything different tbh. I appreciate you guys taking the time to do this. Now that I’ve made a decision to leave my corporate job, I can’t wait to become proficient in this method. Keep up the great work and continued success to you.
Thank you for this great information! I have a goal to purchase first investment property by end of 2022 and this video came across my RUclips feed so timely. The teacher in me had me writing notes and highlighting🤣🤣🤣 Wish me luck as I wish you guys continued success!
beef those goals up my friend! you can do 3-4 your first year EASY.. Don't need to use your own money, and don't need perfect credit to wholesale your way into a great deal! please feel free to Dm me on IG and i will send you my free training on rentals that will make clarity out of confusion!....and good luck😉
Any videos for people in the military who would need to use a rental management company to take care of their rentals? It would be incredibly difficult to be active duty and give a lot of attention to a properties. Thank you.
That was so helpful. You guys are freaking awesome. Ive had people give me wrong information just so that I do not get into buying houses, and here you are sharing all the ins and outs of the business. Kudos Guys !!!
Another great video!! Thank you!! Question: How do you ensure the value of the appraisal is high enough to cover the upfront borrowing costs+interests from OPM? What happens if the refinancing part doesn't cover that debt?
You guys are awesome I plan to do this in Hawaii. Know it’s a hard market but I’m not letting anything hold me back from getting my first deal under contract by the first quarter of this year. Wish me luck because I’m not stopping till I get my first brrrrr under contract
Hey, thank you for this great content! I live in a city with multiple colleges and I am trying to decide whether targeting adult tenants or renting per room to college students would be more profitable or feasible for the BRRRR method. Thank you!
Good thought! Keep in mind your vacancy will be a lot higher with students going home for summer..and a bit more to manage all those tenants. But I like where your heads at!🚀 Watch this and see if it helps at all 👉 bit.ly/3LqBF4l
Thank you!!! Such valuable information, the fact you guys are giving this away for free and benefiting potentially countless people's lives is amazing .
Thanks so much! My personal mission is to help as many people as possible. Please help support by subscribing to my channel and hit that like button! It helps us reach more people. Thank you!
This is the best content I have ever watched on RUclips relating to realestate! I am now a loyal subscriber. Thanks so much! Now all I need is a legit hard money or private money lender. 3 months in my search and no one seems legit. Please help! Thanks again
hi Sam I am trying to built my portfolio by start searching for good deal. i will to invest using opm what is the 1st, 2nd an final step please? thank you for your video's.
Awesome video. I know you guys talk about using BRRR. I was wondering what kind of liquid cash reserves do y'all recommend having available before buying your 1st property? How much do hard money lenders usually require you to have in an account and what kind of credit score do portfolio banks require to refinance? Thank you and please keep making these videos!!!
It depends on your level of comfort but we suggest having at least $1000 per door until you hit a certain point. Currently some hard money lenders are asking for 10K in your account but you do not necessarily have to use it. Some require no cash though. Credit so mores depend on the bank but probably mid to upper 600s. Thanks!
leveragig equity in your personal house is a great idea as long as you are being SAFE and keeping the investment short term.. DM me 'FREE' on IG @SamFasterFreedom and I'll send you a training that will help you get started!👍
So...we pay the mortgage on the house while we're rehabbing and waiting for it to be rented? How do we afford that while also paying our own living expenses? And should I buy a rental property as my first mortgage? I've never bought a property before.
If you are looking at a house . How do you know how much repairs will cost you ? How do you know the bank will refinance and do you go about setting that up?
Question: when you refinance the property and the bank gives you 75-80% of the value how do you repay the hard money lender? Do you give them back the money in one check or do you pay back a percentage over time.
Ok so I brought a house from a Tax foreclosures auction for a fraction of what its worth. It need little work. However every bank is stating they only finance vacation home. Not rental properties. Am I saying something wrong? What type of loan should I be asking for? Thanks.
Great video, At what point when looking at a potential deal do you get your contactors on board and get bids? Are you calling 3 of them and having them walkthru the property with you once its under contrac? or are you taking detailed videos and pictures during your walkthru and getting their bids later? Would love to have this q answered great content!
you have options..We usually run our best guess first and get it under contract. While we have our inspection period contingency we will get our crew in there to give us a better estimate and revaluate from there👍
Great video! I’m glad I watched this entire thing. It’s great you guys are doing this for everyone. I’m excited to start up. I’m in the Kansas City are and I’m sure you’d tell me I didn’t ask everyone if I didn’t ask you if you know any contacts around the Kansas City area that would be great to contact! Thank you!
I’m looking to get into investing in Realestate, one question I have is during the rehab process that will take a few months. How do you cover those payments until you can get a renter in it to cover the payment?
Awesome video! tons of free information and experiences you can't find on most paid courses!!! answered all my questions about financing my first real estate.
Great video. What you should touch on next time is paperwork (how much is involved), should you have a lawyer and getting an inspector that you trust before getting into a contract
How do you put together the rental contract? Do you use the state's default one or do you put one together yourself? If you do it yourselves, are there key items you always have in them?
a few houses we have bought had tenants in them already that are section 8. We will leave them be until they decide to leave then we will rehab the house and find quality tenants of our choice👍
Thank you guys for the great information you guys answered all my questions about getting start but im having a hard time finding wholesale groups and investment groups in my area. Are there any websites you guys use to find houses
Hey Sam - my question is where do you primarily find houses? My market (CLT) is completely saturated. I don't mind putting in the work to find the right deals, but there must be some software you are using maybe?
Softwares are all the same.. If i'm being honest. But relationships are the driver in real estate. If you can meet someone that is putting in the work and finding the deals then be the answer to their solution. (selling the deal) Wholesalers, local met ups, FB groups. Don't over think it. Meet people that come across distressed houses. I had a student pay a mail man $100/mo to give him a list of old broken houses that he came across during his work day. Then he marketed those leads. Get creative think outside the box. There is no magic app that will appear and change you rlife
You'll learn a lot more by taking action. Start networking aggressively with industry peers. I wouldn't spend a ton of time on a business plan before you've done any business. Certainly, you should know what you're doing and have a clear strategy... you'll learn so much after 1 deal, you'll see
I’m really pumped to start! Started with your TikTok videos, now following on RUclips. Going to start investing in the very near future. But why do you do these videos?
How much research did you do on real estate investing before you were confident enough to pull the trigger. Did someone walk you through it. This has the basics but explain the process on the paper work side. You find a private or hard money lender to see what you’re approved for, locate a property that discounted deep enough to properly cash flow and then what. Lawyer, contract, title company??? This is the part I need clarity. Thanks so much for your videos
I researched for about a year. Go to www.freerentalwebinar.com for more info and to schedule a call with me to discuss this further. Also hit me up on insta!
Man I have a mentorship with another investor that isn't really into BRRRR because of current DSCR rates and the risk of not having good cash flow. I'd like to talk with you guys too.
@@TheFasterFreedomShow I don't have instagram (yet anyways). Are you open to another way to connect? I'm currently in a flip and have two more to take down this month and close and I just bought a house subject to. But I'm building a team and the BRRRR sounds most appealing to me and my goals but I've met people who are losing money on it. I'd love to really pick your brain. I'd even pay you to hop on a zoom call or something.
I still do not get that lending part of the process. When you borrow money from a private money lender, is it a 100% of the house+exp or less? Also how did you get a 100k house to be 50k?
Before you start the Brrrr process to rent or flip would I need to start a business to purchase properties under or just personally buy them? Would Hard money lenders be more motivated to lend you money if you approach as a business vs personally applying
Hello, just wanna ask something. are your interest rate fixed for the whole 25 years? Because if not, then there will come a point that the cashflow will be 0 (or worse, will be negative).
Great video question I have is if you use a real estate agent, are their costs covered in buying the property? In your example buying the property for 55k is the REA fees included in that?
Hey Sam. I’m 19 and avidly trying to get into this, even learn the ins and outs, so I can be years ahead. I was scared to begin this journey, but you suppressed any fear. You truly are one of a kind, you’re an amazing man and an inspiration to someone as young as me. NOBODY sits down and has a free, hour and 15 minute video discussing deep topics about how they built wealth. And for that I thank you!
Thank you!! I really appreciate that! Check out my other stuff too!
Yo where are you now one year later my friend, how is it going for you ?
@@sukhmanisingh1903This is my question as well.
FINALLY THE TRUTH!!! Someone who really wants to help others.
I'm so very happy that I finally found someone providing ALL the information needed to get started without asking for thousands of dollars first.
Let’s go!!! Thank you!
This channel has some seriously great content on real estate investing. I thought I knew the basics but I've definitely learned a lot more from watching you guys. Nicely done!
Thank you very much! We work hard to give real actionable content! Appreciate you watching! Real estate investing is fun!
I read rich dad poor dad and I thought it was overhyped but it does motivate you to be self educated and you are doing just that.
It’s a good mindset book to read right off the bat!
I started to read that book too. It’s to educate people to have a diff mindset from what we have been told. I do want to educate myself more and be financially literate
THE BEEEEEEEST VIDEO ON THIS EARTH about BRRRR.
No extra garbage. Straight to the point!
This... was... very good information! No fillers, no beating around the bush. Just straight up quality content.
I definitely know what to focus on in the next 12 months. If all goes well we'll have purchased our first rental property.
I’ve been wanting to acquire rentals properties for YEARS, paid good money to attend seminars but have always been reluctant to pull the trigger on it. Thanks for sharing all of your knowledge.
Awesome! Thank you! Also go to www.freerentalwebinar.com for more free training!
@@TheFasterFreedomShow you say free training but when you hit the contact button to schedule mentoring, it says it costs several thousand. Which is it?
Guys, a big Thank YOU! I've been waiting for a long time (over 10 yrs!!) to pull the trigger on my 1st rental property. Im about to make my 1st offers!! Love the content and im excited to take the leap!
🚀🚀🚀
All i have to say is..THANK YOU! Truly grateful for people like yourselves that enjoy helping others.
Thank you too!
Great stuff! Total rookie here always wanted to get rental properties but have no idea where to start!
Well you are in the right spot! Check out our videos and we can at least get you down the right path!
@@TheFasterFreedomShow Watching, watching ;-)
Gregory Arianoff Love it!!
Just joined the Faster Freedim Mentorship last week. Super excited to go all in and build a rental empire!
This is a great initial video to what the process looks like. Well done! 👏
Welcome aboard!🙌
We are going to try this. Right now I'm gathering all the info to start preparing a team. I'll need to find a lender, contractor, property manager, and tax accountant that I can trust.
This is one the best video breaking down the BRRRR concept that I’ve seen. I’m pretty familiar with the concept but even the. I’m impress by how details and we’ll explained you guys were. 👏🏽👏🏽
Well thank you! Subscribe if you want to see more!
Hi guys!!!! I live in TX (North Dallas) and I am trying to get as much as education as possible. I have a strong desire to get into real estate investment and I honestly feel really green. Thank you for sharing so much knowledge.
I’m 31 but taking action! I’ll be at a 10mil portfolio in 5 yrs!
Let’s go! Love this! Go to www.freerentalwebinar.com for my free training and info on my mentorship!
How
This is top notch content.... Subscribed!!
Thank you! That’s our goal... value!
Found you on tictok! Thank you for sharing the info to us noobs!
Thanks for being here!
Special thank you all for simplifying this process 👌🏾much appreciated 🙏🏾
Glad it was helpful!
I'm looking to become financially independent. This looks like a great start.
It is! Glad you are here! Go to www.freerentawebinar.com to learn more as well!
This is amazing. Thank you for your transparency. There are people who have BRRRR strategies and want to charge thousands to learn their system. I wonder if they do anything different tbh.
I appreciate you guys taking the time to do this. Now that I’ve made a decision to leave my corporate job, I can’t wait to become proficient in this method. Keep up the great work and continued success to you.
Nice! Dm me on IG for my free training
Thank you for this great information! I have a goal to purchase first investment property by end of 2022 and this video came across my RUclips feed so timely. The teacher in me had me writing notes and highlighting🤣🤣🤣 Wish me luck as I wish you guys continued success!
beef those goals up my friend! you can do 3-4 your first year EASY.. Don't need to use your own money, and don't need perfect credit to wholesale your way into a great deal! please feel free to Dm me on IG and i will send you my free training on rentals that will make clarity out of confusion!....and good luck😉
Any videos for people in the military who would need to use a rental management company to take care of their rentals? It would be incredibly difficult to be active duty and give a lot of attention to a properties. Thank you.
This video was amazing! Best hour and half I have spent on youtube maybe ever!
Thank you!!!
Appreciate all the great content you guys are posting!
Thank you! We are excited to get this one out, buying your first rental property is exciting. Thanks for watching! 👊🏼👊🏼
Awesome definitely motivated to start doing this in Florida.
That is awesome! Best of luck! You can do it!
That was so helpful. You guys are freaking awesome. Ive had people give me wrong information just so that I do not get into buying houses, and here you are sharing all the ins and outs of the business. Kudos Guys !!!
Thanks! We give away more for free than most paid programs. We want to help as many people as possible!
Super helpful info guys. Thank you very much
Thank you for this info. Set up a meetup profile and will be going to my first meetup to meet investors.
Best of luck!
You guys touched on great points for starters im totally new to investing anything this is great stuff 👍 👌 👏
Awesome! Thank you for that!!!
I'm just getting started ..thanks for the knowledge!
fear is part of the process! embrace it and keep moving forward💪
Another great video!! Thank you!! Question: How do you ensure the value of the appraisal is high enough to cover the upfront borrowing costs+interests from OPM? What happens if the refinancing part doesn't cover that debt?
You guys are awesome I plan to do this in Hawaii. Know it’s a hard market but I’m not letting anything hold me back from getting my first deal under contract by the first quarter of this year. Wish me luck because I’m not stopping till I get my first brrrrr under contract
What's up man, we have several members of our mentorship program who live in Hawaii. You should consider joining!
Half way through. Had to pause and comment that this is some really great information.
You guys are great. You get right down to business and don't BS. Love it.
Thank you very much! See you on the next one!
Thanks for a great video! I am new to this and did not really know where to start.
Awesome! Glad you are here!
Great video guys! Appreciate what you’re doing. Thank you!
Thanks Shehzad
Hey, thank you for this great content! I live in a city with multiple colleges and I am trying to decide whether targeting adult tenants or renting per room to college students would be more profitable or feasible for the BRRRR method. Thank you!
Good thought! Keep in mind your vacancy will be a lot higher with students going home for summer..and a bit more to manage all those tenants. But I like where your heads at!🚀 Watch this and see if it helps at all 👉 bit.ly/3LqBF4l
Thank you!!! Such valuable information, the fact you guys are giving this away for free and benefiting potentially countless people's lives is amazing .
Thanks so much! My personal mission is to help as many people as possible. Please help support by subscribing to my channel and hit that like button! It helps us reach more people. Thank you!
@@TheFasterFreedomShow bro , I subbed , liked and favorites this video already. Keep going .
Switching from buildium to what property management software?
Thank you for your time and the great content you are providing!
Thank you for commenting! Appreciate you!
Fantastic content! Thanks for going into detail for each of the steps of buying one’s first rental!
For sure!
Loving these videos! Getting me on the right mind set. Can’t wait to buy my first rental property
you can do it!
This is the best content I have ever watched on RUclips relating to realestate! I am now a loyal subscriber. Thanks so much! Now all I need is a legit hard money or private money lender. 3 months in my search and no one seems legit. Please help! Thanks again
Thanks! How is your search going?
hi Sam
I am trying to built my portfolio by start searching for good deal. i will to invest using opm what is the 1st, 2nd an final step please?
thank you for your video's.
Simply awesome!!! 👍🏽
Thank you! Cheers!
Great stuff. Ty, I now have a better understanding in investing in real estate. Yes
Thank you!
Awesome video. I know you guys talk about using BRRR. I was wondering what kind of liquid cash reserves do y'all recommend having available before buying your 1st property? How much do hard money lenders usually require you to have in an account and what kind of credit score do portfolio banks require to refinance? Thank you and please keep making these videos!!!
It depends on your level of comfort but we suggest having at least $1000 per door until you hit a certain point. Currently some hard money lenders are asking for 10K in your account but you do not necessarily have to use it. Some require no cash though. Credit so mores depend on the bank but probably mid to upper 600s. Thanks!
Yes! I am so glad you guys are making these videos! Please let me know how I can reach out with questions.
Hey man! Don't to forget to subscribe to the channel and send me an Dm on IG! I will then send you a link to our free training
Hey guys, what about pulling equity out of my home. I’m in KCMO if that helps.
leveragig equity in your personal house is a great idea as long as you are being SAFE and keeping the investment short term..
DM me 'FREE' on IG @SamFasterFreedom and I'll send you a training that will help you get started!👍
Thank you for sharing this information. Very informative.
Your welcome. Stay tuned for more! Have a great night!
You're the man Sam! Another great video!
Thank you!!
What's your policy when choosing who to rent to. Background checks? Credit? Pay stubs?
Yes to all of the above plus a landlord reference and current home visit!
Great Video. Thank you for all the knowledge!
Thank you for the comment!!
So...we pay the mortgage on the house while we're rehabbing and waiting for it to be rented? How do we afford that while also paying our own living expenses? And should I buy a rental property as my first mortgage? I've never bought a property before.
If you are looking at a house . How do you know how much repairs will cost you ? How do you know the bank will refinance and do you go about setting that up?
Use the BRRRS Calculator in our program.
wow so much content in one video thanks guys
Thank you !
great video! love the knowledge and clear use of words! iv recommended this channel to many others interested in real estate. keep it up guys!
Thank you very, very much!!
Question: when you refinance the property and the bank gives you 75-80% of the value how do you repay the hard money lender? Do you give them back the money in one check or do you pay back a percentage over time.
Pay it back with the refinance check!
Ok so I brought a house from a Tax foreclosures auction for a fraction of what its worth. It need little work. However every bank is stating they only finance vacation home. Not rental properties. Am I saying something wrong? What type of loan should I be asking for? Thanks.
your looking for a commercial loan to cash out refi (I assume)
look for small local banks/ credit unions / community banks / etc.
Great video, At what point when looking at a potential deal do you get your contactors on board and get bids? Are you calling 3 of them and having them walkthru the property with you once its under contrac? or are you taking detailed videos and pictures during your walkthru and getting their bids later? Would love to have this q answered great content!
you have options..We usually run our best guess first and get it under contract. While we have our inspection period contingency we will get our crew in there to give us a better estimate and revaluate from there👍
Great video! I’m glad I watched this entire thing. It’s great you guys are doing this for everyone. I’m excited to start up. I’m in the Kansas City are and I’m sure you’d tell me I didn’t ask everyone if I didn’t ask you if you know any contacts around the Kansas City area that would be great to contact!
Thank you!
KC is a great market! Networking is the key to succeeding in Real Estate Investing
Great video really appreciate the quality and detailed explanations.
Sure thing Nick!💪
I’m looking to get into investing in Realestate, one question I have is during the rehab process that will take a few months. How do you cover those payments until you can get a renter in it to cover the payment?
That is part of the rehab costs and comes out of those funds. Great questions
GREAT CONTENT AND INFORMATION GUYS THANKS A MILLION 👏🏾👏🏾👏🏾👍🏾
Thanks! DM me on IG if want my free training
Beautiful! This information is so vital.
Thank you!!
What is this ConnectedInvestor/ Pin? Where you can micro flip.
what?
Awesome video! tons of free information and experiences you can't find on most paid courses!!! answered all my questions about financing my first real estate.
Thank you very much!!
Great video. What you should touch on next time is paperwork (how much is involved), should you have a lawyer and getting an inspector that you trust before getting into a contract
leverage your inspection period! 💯
So much great information. What if appraisal comes in below expected amount?
It happens..Just make sure you have reserves and a back up plan..You can plan for a lot but appraisers can be tricky
Hello Sam,do all property management companies find tenants for landlords?What do you think?
99% yes
Would you mind explaining how to find out ARV?
I have some videos on it
Thanks for all the help guys!
Thank you!!
Thank you so much for the value 🙏🙏
Glad it was helpful!
How do you put together the rental contract? Do you use the state's default one or do you put one together yourself? If you do it yourselves, are there key items you always have in them?
Hey Sam I was wondering if you ever did section 8 housing?
a few houses we have bought had tenants in them already that are section 8. We will leave them be until they decide to leave then we will rehab the house and find quality tenants of our choice👍
Thank you guys for the great information you guys answered all my questions about getting start but im having a hard time finding wholesale groups and investment groups in my area. Are there any websites you guys use to find houses
Drive for dollars, FB groups, cold call..sometimes you gotta get creative💪
Great information. Thank you for the education.
My concern is creating the banking relationship needed for the refinance and the qualifications.
don't limit yourself, you can do it. Start networking and conversing with bankers
Hey Sam - my question is where do you primarily find houses? My market (CLT) is completely saturated. I don't mind putting in the work to find the right deals, but there must be some software you are using maybe?
Softwares are all the same.. If i'm being honest. But relationships are the driver in real estate. If you can meet someone that is putting in the work and finding the deals then be the answer to their solution. (selling the deal) Wholesalers, local met ups, FB groups. Don't over think it. Meet people that come across distressed houses. I had a student pay a mail man $100/mo to give him a list of old broken houses that he came across during his work day. Then he marketed those leads. Get creative think outside the box. There is no magic app that will appear and change you rlife
Is it still relevant in light of all the interest rate hikes in the last two years?
did you guys get a business plan together? im cureently in discussion with someone to create a biz plan for my llc. is it necessary?
You'll learn a lot more by taking action. Start networking aggressively with industry peers. I wouldn't spend a ton of time on a business plan before you've done any business. Certainly, you should know what you're doing and have a clear strategy... you'll learn so much after 1 deal, you'll see
Oh man you are a genius 👏 thank you so much
I don’t know about that but thank you!
Thank you so much for this video!
Thank you!!
Is bad credit going to be an issue? Covid destroyed my credit. Is this something I can do with terrible credit?
Yes you can wholesale, I have a few videos on it now on here and just recorded another one
Excellent information thanks guys
Thank you!
I’m really pumped to start! Started with your TikTok videos, now following on RUclips. Going to start investing in the very near future. But why do you do these videos?
To help people and grow a brand! I have Mentorships that some people elect to join as well!
@@TheFasterFreedomShow i would love to join! Where can I sign up?
Awesome video!! Not too many people made it with so much detail for a complete BRRR process. Thanks for making it! Tina Maric
You are so welcome!👍
How much research did you do on real estate investing before you were confident enough to pull the trigger. Did someone walk you through it. This has the basics but explain the process on the paper work side. You find a private or hard money lender to see what you’re approved for, locate a property that discounted deep enough to properly cash flow and then what. Lawyer, contract, title company??? This is the part I need clarity. Thanks so much for your videos
I researched for about a year. Go to www.freerentalwebinar.com for more info and to schedule a call with me to discuss this further. Also hit me up on insta!
Love your Channel love to learn more
Thank you!
Man I have a mentorship with another investor that isn't really into BRRRR because of current DSCR rates and the risk of not having good cash flow. I'd like to talk with you guys too.
DM me on Instagram. Same handle
@@TheFasterFreedomShow I don't have instagram (yet anyways). Are you open to another way to connect? I'm currently in a flip and have two more to take down this month and close and I just bought a house subject to. But I'm building a team and the BRRRR sounds most appealing to me and my goals but I've met people who are losing money on it. I'd love to really pick your brain. I'd even pay you to hop on a zoom call or something.
I still do not get that lending part of the process.
When you borrow money from a private money lender, is it a 100% of the house+exp or less?
Also how did you get a 100k house to be 50k?
Before you start the Brrrr process to rent or flip would I need to start a business to purchase properties under or just personally buy them? Would Hard money lenders be more motivated to lend you money if you approach as a business vs personally applying
I would create an LLC and transact under the LLC
So when borrowing included my purchase and rehab cost ?
Yes!
Would it be beneficial to get your real estate license if your goal is owning rental properties? Or not worth the hassle?
It is definitely beneficial but not necessary!
What is the current software you are using for property management?
PropertyWare, but that’s usually for bigger portfolios.
Watching the 6 part series , learning a lot , would love to win the mentorship
Aweosme! Thank you!
Hello, just wanna ask something. are your interest rate fixed for the whole 25 years? Because if not, then there will come a point that the cashflow will be 0 (or worse, will be negative).
It's definitely addictive!
Yes it is!
In your market you try to shoot for $200 a door on SFH what is your average rents to get a percentage idea?
That’s not a bad idea, each has their own way!
Great video question I have is if you use a real estate agent, are their costs covered in buying the property? In your example buying the property for 55k is the REA fees included in that?
Seller pays fees👍
I don’t have much down but have a 760 FICO score. How would I go about finding a private investor?