BRRRR Method : Real Estate Small Money Investment?
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- Опубліковано 16 лип 2024
- Today we are going to tackle one of the best strategies in real estate investing - the BRRR method! This method is perfect if you guys are looking to create a large portfolio of rental properties for the long term na hindi ka maglalabas ng malaking cash. But is this applicable in the Philippines? Let's find out!
#RealEstateInvesting #Philippines #BRRRR
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00:00 Intro
01:15 Buy
03:43 Reno
04:35 Rent
05:30 Refinance
07:50 Is it applicable here?
tagal ko napo inaaral yan kayo lng nkapag paliwanag ng maayos more power po!!! ❤️❤️❤️🔥🔥🔥
ganda ng content sir. i will start BRRRR hopefully next year. ipon muna.
Informative! Thanks Coach
Thank you as always !!!
Very informative sir chris❤
tnx for sharing this vlog, sir chris
Pa konti konti daming kong na tututunan! 💪💪💪
Finally, I found a vlog for real estate! I love it! keep going po very informative.
Thank you!
Another useful and very informative content I came across. Thank you Sir Chris!
You're welcome!
See you soon Sir Chris😊💚
Very informative
thanks a lot coach Cris
This info is gold! Thanks you so much for this Chris!
My pleasure!:)
Absolute gold!
May bago na nman akong natutunan,salamat sir Chris. ☺🤩
Welcome, Gaelle!:)
Great job
Thanks Chris!
Wow bago sa aking kaalaman ito. Ang husay mo po mag explain. Worth it ang time manood at matuto.
Thank you!
Superb content sir!
Thank you!
Learnt a lot, well explained. Thanks for sharing, idol.
Welcome Ninong!
Thank you Sir Chris. Sobrang informative nito especially for those who are studying this method of investment kung mag-work ba dito sa Philippines
Welcome, Ezra!
Excellent topic
Thank you!
Yun pala tawag dun.. Idol..Thanks again for this very informative video idol...., 💪💪👌👌👌
Welcome!
Very informative and helpful
Thank you!
Very good info. Straight to the point. Super like ko po ang mga videos nyo kc maigsi pero complete ang details. Sir Chris pwede po mag request ng video on Condo investing sa prime location vs. multi-door apartment for rental investment. Lets say for a 4M -5M capital.
Thank you, Jocelyn! I will put your suggestion on my list.:)
Thanks po sir Chris for the detailed explanation about BRRRR. I already had a gist about this technique, but this video concretized the entire concept. I really appreciate the parts where you're running the numbers (I hope there would be more like this) 😁😁
Glad it was helpful!:)
Thank you sir Chris❤, Sir i just wanna ask if anong bank ang mrecommend nyo pra ipa finance ung property?
can u teach us in farm land investing im a new subscriber your topic is very informative i really enjoyed watching your videos keep it up
Thank you Chris. Learning a lot from you. I have a question, what is your strategy on build and sell? Is it ok to buy land then build or buy foreclosed property then reno and sell? I'm really interested on build and sell business, and I just wanted to get more info about it to start and explore. Thank you
Ayun. Brrrr pala tawag dito.
Hello sir Chris! Pretty good content. Napakadaling maintindihan. Though I never met someone who actually do this kaya medyo mahirap ipractice. Para akong nangangapa. Do you accept an apprentice sir? Or is there anyone na pwede kong lapitan so that malaman ko yung step by step process?
I LOOOOOOOVE REAL ESTATE❤️
Hello Chris! I just want to ask kung anong mga payment terms ang inoofer niyo when selling properties?
ang naiisip ko palang kasi is cash, thru pag ibig or bank.
Im planning to flip one of our acquired foreclose property soon.
baka pwde mo ring magawan ng content about that.
Thank you so much for sharing your knowledge to us.
God bless you more.
gusto ko yung "sweat equity" may natutunan na naman ako...Lalo na yung renovation..Gusto ko yan kaso walang budget...🤣🤣
Yes, I love that term too!
Sir pls make a video for build and sell property
It’s so hard to pull off nga lang dito sa pinas kasi sobrang taas ng interest. And for beginners, pag may existing loan na, mahirap na ma approve again for another loan to “repeat” the process. Also, pag nirefinance na sa arv, diba mas tataas din ang monthly amortization mo? Baka di na ma cover ng rent.
Sir Chris have you heard of US Real Estate Investors about using HELOC or Home Equity Line of Credit to buy another property?
Sir, more info pls in refinancing. Thanks
Sir Chris yung downpayment and renovation ba you suggest to use to advance payment to principal?
I'm huge fan sa BRRRR method dahil nakatira ako sa USA and super common dito ang method nayan but it's kinda hard to find property for BRRRR method sa Pinas dahil sa mga banks. Pwera nalang kung meron kang very great relationship sa bank and bibigyan ka ng special interest rate percentage.
So true!
Can you apply this method in buying condo units?
Also, can I purchase new condos using this method without the reno?
Ilang taon ko na to pinaulit ulit, pero you explained it clearly. kaya ako subscribed sainyo eh.
Question lang sir, since 2.6m na yung loan. Lalaki din ba yung mortgage nun sa computation or hindi naman? Assuming the 1.6m payment was less lang sa principal
Hello! Good question. It depends on the new interest rate and loan term once refinanced. Usually, they stretch the loan term and negotiate the interest para kaya pa din i-cover ng rent.
@@ChrisSuarezRealEstate thank you sir! Really great content
what about the rent sir? you mentioned about 1% which is 16000. But that is from the original loaned amount. Since 2.8M na ang new loaned value, dapat po ba mag increase ng renting price like 1% of 2.8M?
Meron ka video about separate title. Nakapangalan ang title sa yumao kong ama paano ang gagawin
Sir using your example, kapag inappraise ng bank ng 3.5M then ang next step is to sell the house at the appraised price then pay the 1.6M loan in full?
Idol I have a question I hope you will notice this hehe
In buying a distress house we will also include the lot ?
Nice topic sir. Ask ko lang, after renovation pwede bang sa private buyer ibenta ng mas mahal kahit naka loan pa yung property mo? If pwede, paano magiging process?
I suggest pa rent out muna before you sell it. But if you get a good offer, your buyer can do loan assumption.
Thank you sir for sharing your knowledge. Question sir, when we refinance to another bank, assuming the 1.6m loan was paid monthly, for 6months. Shempre po nabawasan na. Yung nabawas po ba, papunta sa Amin?
If mas mataas ang bagong appraisal, you can do cash out refinance.:)
Ask ko lang sir kung bumili ako ng pre selling condo and na discontinued bec. of lack of buyers. is it easy to get a refund?
Can we just loan 400k to pay off the downpayment?
Also is monthly amortization and mortage the same?
Also if i wanted to take a loan here in the Philippines, what kind of loan is it?
How likely is it for a 300k worth of renovation to increase the asset value by 1.5m?
ano po mganda bilhin sa tatlo sir foreclosed lot only or pasalo.tnx
Hindi ko magets sa refinancing, san kukunin yung pambayad na 1.6m??? Ibebenta mo sa tenant mo?
Ohhh ngayon ko lang nalaman ung refinancing, meaning po ba ibang bank na yung mag fifinance?
Question po.
Balak ko po is after i-refurbish is sell agad.
Paano ko po siya mabebenta? Dapat ipa-cash ko agad sa buyer? Then bayaran si Bank for the loaned amount?
Yes mas okay cash, you may ask for a downpayment so you can pay off your balance muna, tehn once settled na you can ask for the full amount.
@@ChrisSuarezRealEstate Paano po pala lipat ng titulo? After downpayment pwede na siya mag move in? Habang tinatransfer po sa akin ni Bank ung title?
Then once na naka pangalan na sa akin doon palang mag full payment?
Thank youuuu Sir Chriss
Sir question lang po... in the us po kapag nag cash out refi ka 0% tax po how about here in the philippines?
So after mo ma refinance ay tataas ulit ang monthly amortization mo and i suppose hindi na kaya i cover ng existing na rental income mo unless mag increase ka sa tenant mo 🤔
Content request po: How to qualify again in housing loans using your existing rental properties that are currently being loaned as well?
I'm new to real estate, and I just invested in a condo (Pag-IBIG housing loan) and townhouse (in-house financing for now), both will be rented out.
Can I declare my rental income with BIR? If yes, do you have an experience po how does this generally work? (Ex. Does BIR only tax yung kita, meaning, minus the monthly amortization from the monthly rental income?)
Salamat.
Hi Sherry Ann, you can check out with BIR provisions in filing rental income tax, you'll also have to pay for percentage tax or VAT depending on your monthly rental income.:)
Bali yung unang loan po, 10k monthly amortization tapos were assuming 16k yung rent.
Nung nag refinance po ba tapos 2.8M na yung loan, in-adjust niyo din yung monthly amortisation amount and rent?
Hi Paolo! Depending sa new interest rate and loan term when you refinanced. But normally, you increase talaga the rent over time depending on the market. It's good to shop for a really low interest rate when you refinance.
Sana mapansin niyo po ko sir chris I'm froilan 26Years old this coming April I really like po to start my Realstate Investing but di kopo alam pano mag start sana po mamentor niyo ko kahit konte🙏🏻🙏🏻🙏🏻
Hi kuya chris, may tanong lang po ako. May pending utang po ako sa home credit or di ko po na bayaran, tanong ku lang po pag mag apply ba ako ng credit makaka apekto po ba ito? At paano ku po ma eh clear ang pangalan ko sa credit record ko po? Sanay ma pansin nyo ako kuya salamat po GOD Bless po.
Hi Queenie, it may affect your credit approval. Just settle your balance and ask for a clearance. Bad credit can be reflected in your credit report for years din.:)
What will happen with the property after refinancing?
the rent shall cover its monthly amortization. And you can gradually pay off the loan balance if you decide to sell one of the properties, you’d earn from capital appreciation.
May Cash out Refinancing po sa PAGIBIG?
If sa relative pwede naman as long as may Special Power of Attorney for Accommodation Mortgagors
Sir patulong po. I have a commercial property in cebu.
Pwede po ba mag cash out refinance ng commercial property po dito sa philippines?
Anong bank po?
Or pwede bo pa e cash out yung equity for multipurpose
Ano po ba ang gagawin
I would like to try BRRRR. But im stuck in the refinancing process
Hi Xtian! If you have a titled property you can apply for an equity loan instead. You can cash out 70% to 80% of the appraised value. Most banks here offer that.:)
@@ChrisSuarezRealEstate thank you po sa response😊
Sir ano po ba bank ma suggest ninyu for the cash out of equity. Pwede po ba yan for multipurpose?
SME equity loan po ba yung tawag diyan?
Biggerpockets style.
Pde na po ba magmortgage even di mo pa nabibili or nattransfer the property sa name mo? Salamat po!
Yes possible naman, you can try purchase/acquisition with loan take out.
@@ChrisSuarezRealEstate salamat po sir s pagsagot. Naconfused po kasi aq pano if ndi pa skn un title. Slamat ult! ❤️
Medyo sad lng iba rules dito sa pinas ,
Yup oo nga