Learn These and You Will Sound Smarter!
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This YouTube video provides an overview of 16 common phrases used in real estate investing. The video covers three main ways of investing in real estate: wholesaling, flipping or fix and flip, and rentals or buying holds. The video emphasizes that there are many different strategies within these three main ways of investing in real estate, and the channel has many videos that explain them in detail without using any of your own money. The video also explains the burr method, which involves buying, rehabbing, renting, refinancing, and repeating to acquire rental properties without using any of your own money.
The video introduces the concept of ARV or after repair value, which is the value of a property after it's fixed up. The video then discusses the MAO or max allowable offer formula, which is used to put offers on discounted properties. The video also explains the "1 percent rule," which is a quick way to determine if a rental property will cash flow positively or negatively.
The video discusses equity, which is the difference between the value of a property and what is owed on it. The video also explains the concept of buying a property "as is," which means the seller will not make any repairs or fixes to the property. The video concludes by explaining the concept of contingencies in real estate contracts, which are conditions that need to be met before moving forward with the contract. The video also discusses double closing, which is when a property is purchased and immediately sold to an end user or real estate investor for a higher price. The video emphasizes the importance of finding hard money lenders in your local market and mentions private money lenders. Refinancing is also discussed.
This YouTube video provides an overview of 16 common phrases used in real estate investing. The vide