How I Bought BRRRR Rental No Money Out of Pocket | Before & After Case Study
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The video discusses the BRRRR method of real estate investing, which involves buying, rehabbing, renting, refinancing, and scaling properties. The speaker shares his experience of buying a rental property without using any of his own money by sourcing the deal from a wholesaler who got it from a plumber. He used the ARV times 80 minus repairs formula to determine his strike price, which was $120,000. He funded the purchase and rehab with a private money lender who gave him $121,000 to purchase the property and $40,000 to fix it up. The rehab process included exterior, interior, and miscellaneous work, costing a total of $44,000. The speaker emphasizes the importance of rehabbing extensively to lower maintenance costs over time and attract good tenants. The refinance step allowed the investor to get long-term, low-interest rates and pay back the private lender's higher interest rates quickly. The speaker encourages viewers to imagine the power of the BRRRR method in creating wealth through real estate by owning multiple properties. He offers mentorship and resources for those interested in learning more about scaling efficiently and effectively.
The video discusses the BRRRR method of real estate investing, which involves buying, rehabbing, ren