How to Buy Rental Property With Instant Equity- Buying Tips- [(B)Buy of the BRRRR Strategy]
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The video discusses the BRRRR strategy, which stands for Buy, Rehab, Rent, Refinance, and Repeat. The first segment focuses on the "B" in the strategy, which is buying properties. The speaker explains that the BRRRR strategy can be used for various types of properties, and provides tips on finding deals through building relationships with connectors, wholesalers, attending local meetups, and sending direct mail. The second segment discusses various methods for finding deals, determining the right price to offer, and funding a deal for the BRRRR strategy. The third segment focuses on different ways to fund a deal, including using private money, hard money lenders, and retirement plans. The speaker also discusses the ideal type of property for the BRRRR strategy, which is a house worth $75,000 to $150,000 that rents for $800 to $1,300. The fourth segment emphasizes the importance of investing in properties close to home or office, and provides tips on finding private money and using hard money. The final segment discusses various ways to fund the rehab portion of a BRRRR deal, and emphasizes the importance of buying the property at a discount and having the right area and producing income to refinance out of the property. Overall, the video provides valuable information on the BRRRR strategy and how to successfully implement it.
The video discusses the BRRRR strategy, which stands for Buy, Rehab, Rent, Refinance, and Repeat. Th