Buying Rental Properties DEEP! Part 2
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The video discusses the BRRRR method of real estate investing, which involves buying distressed properties at a deep discount without using any of your own money. The first step is to find properties with equity, which is the difference between what you owe on the property and what it's worth. The speaker suggests looking for distressed properties that need work and mentions over 30 ways to find deals, focusing on a few free and inexpensive ways to get leads. The speaker advises contacting real estate agents and asking to be put on their buyers list, attending local real estate investing meetups, joining local organizations, and volunteering to meet people who may know of distressed properties. Other sources include wholesalers, word of mouth, and driving for dollars. The speaker also recommends putting out bandit signs and using private or hard money lenders to purchase the house in cash. The video emphasizes that these sources take time, energy, and networking skills, but they are free and can yield results in the long run. A free mentorship worth several thousand dollars will be given away at the end of the series to those who watch each video, are subscribed to the channel, hit the notification bell, like the videos, and comment on them.
The video discusses the BRRRR method of real estate investing, which involves buying distressed prop