If You Are Starting With Zero Rental Properties
If You Are Starting With Zero Rental Properties
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The speaker explains how they would start investing in rental properties if they didn't already own any. They would begin by purchasing a house in their personal name, fixing it up, and renting it out while still owning it in their personal name. They would then execute the BRRRR strategy by doing a cash-out refinance and getting all their money back with an 80% loan-to-value ratio. After closing the refinance and making a few payments, they would transfer ownership from their personal name to their LLC by quit claiming or doing a general warranty deed.
The speaker explains how they would start investing in rental properties if they didn't already own