@@FasterFreedom I’m just getting into this and the only thing holding me back is to know what to do; that’s why I said the blueprint lol & you’re laying it out for us 🙏 I got some studying & executing to do
The things that I don't know, that I'm sure I'd discount or not account for when initially investing and I'd lose money on the deal and it would scare me off forever.
Ok but many of us come facing a dilemma, when it comes to refi or hello the property banks wants the owner to live in it or the majority of the time we are decline.
Great video! When buying a house you mentioned not getting to excited and sticking to your purchase formula. What purchase formula fits best for the BRRRS method?
Everybody always says none of my money. But these hard money lenders will only lend 80% of the cost. So i need a down payment. And they all want to see cash for the down payment. Plus the closing costs.
Great insight man! Genuine question. Since you don’t use your own money for home purchases. What do you use your money for? Besides: the operation cost of your business, paying in-house employees, and paying yourself.
@@FasterFreedom Thanks for the responds it takes away the guess work now. Would you do any Investing in Indiana? I have my Real Estate license, GC license, my company is Bonded and Insured. We’re about to brrrr a house next month. I’m working on growing my network currently & I’m sure I can help add value with growth being inevitable if we joint ventured together!
What is your advice for someone who will need Hard Money lenders for the first time? Do hard money lenders require you have experience with properties if you’ve never done Brrrr before? Thanks.
Fantastic! I wish you the best of luck and hope my FREE content on UA-cam is helping. You can always DM me on IG @SamFasterFreedom with any questions you may have. When your ready for the next step go to freerentalwebinar.com and you will get some additional training on moving forward in your first BRRRR💪
Can’t u sell/ flip a house with a refi on it vs depending on the tenant ? So let’s say if the refi was 160 and u sold it for 200 u could just collect the 40k and start a new deal
you could, yes!💯 But I don't want to kill the cow and have a steak dinner for a night..I want to milk that sucker and have the tenant pay it off for me! so instead of having a quick $40k today!..I'll have a $200k house paid off for me WHILE I collect cash flow in the mean time..😉
Where in the world (apart from the USA) will you find houses for 100,000 that rents for 2,000$ (even after a 50,000 rehab) ? (Legitimate question no hating)
You said dont scale until your ready to do it full time? But how does that work if you still need to work a job for income until you have enough cashflow to quit? Isnt the point of scaling so you have enough then you cane quit maybe im misunderstanding.
Old video so I hope this comment gets seen… as a sole prop, I write off as much as possible so on paper my income is very low. When it comes time to speak with a private lender or small bank to refi, does having minimal income affect the possibility of moving forward. Any advice?
sadly, chances are VERY FEW will ever find the courage to actually do anything about it .. PLUS Mindset of abundance bro.. There is enough for everyone that wants to work for it!🚀
Very good advice and video. One question, if a future investor is a little Leary of doing it alone because they think they might make mistakes, would you suggest that he or she should go with an experienced investor so they can be there to guide them?
How do you find undervalued houses in a market where investors are pouring money into cash deals and paying over asking price? I've lost the past 5 attempts I've tried to buy.
You forgot to add down payment, where u getting that from, hard money loan will not cover, closing costs, so on your example ,you have to come up with 35k or more
@@FasterFreedom but still where does 200K house goes for $2000? In San Diego area where schools are 9,9,9, condos 500K goes for $2300. Before price increase, it was $350K condo, rent was $1800.
What is holding you back from investing???
The blueprint! thanks fam
@@holisticrudie9278 What you mean?
@@FasterFreedom I’m just getting into this and the only thing holding me back is to know what to do; that’s why I said the blueprint lol & you’re laying it out for us 🙏 I got some studying & executing to do
@@holisticrudie9278 Love that! Go to www.freerentalwebinar.com for my free training!
The things that I don't know, that I'm sure I'd discount or not account for when initially investing and I'd lose money on the deal and it would scare me off forever.
What a great video!!! Said everything needed to be said in a few minutes.
Finding you and getting the life academy is one of the best things happen to us. 🙌 can't wait to dive in this business
Super excited to have you two! This is gonna be epic!
Ok but many of us come facing a dilemma, when it comes to refi or hello the property banks wants the owner to live in it or the majority of the time we are decline.
Commercial lending
Very informative! So glad I found your channel!
💯💯💯
Great video! When buying a house you mentioned not getting to excited and sticking to your purchase formula. What purchase formula fits best for the BRRRS method?
Love the videos, been learning alot!
Love the video and the message about imperfections being a part of the journey - these mistakes can easily be overlooked! Your videos are awesome!
Thank you!! It’s all a part of the journey
Everybody always says none of my money. But these hard money lenders will only lend 80% of the cost. So i need a down payment. And they all want to see cash for the down payment. Plus the closing costs.
How long is your hard money lender loan for? Do you refinance immediately after rehab? thanks
refi asap!
@@FasterFreedom even interest Is high?
Thank you!
Hope it helps!
Great insight man! Genuine question. Since you don’t use your own money for home purchases. What do you use your money for? Besides: the operation cost of your business, paying in-house employees, and paying yourself.
Cash flow is for asset management and lifestyle. Appreciation is for the wealth 📈
@@FasterFreedom Thanks for the responds it takes away the guess work now. Would you do any Investing in Indiana? I have my Real Estate license, GC license, my company is Bonded and Insured. We’re about to brrrr a house next month. I’m working on growing my network currently & I’m sure I can help add value with growth being inevitable if we joint ventured together!
What is your advice for someone who will need Hard Money lenders for the first time? Do hard money lenders require you have experience with properties if you’ve never done Brrrr before? Thanks.
I am about to try my first Brrrr deal I am in the learning and research process now
Fantastic! I wish you the best of luck and hope my FREE content on UA-cam is helping. You can always DM me on IG @SamFasterFreedom with any questions you may have.
When your ready for the next step go to freerentalwebinar.com and you will get some additional training on moving forward in your first BRRRR💪
Can this be done without any job/2 year work history? 🤔
I love this video. A lot of great information.
Thank you!!
Thank you for this info
Your welcome!
Can’t u sell/ flip a house with a refi on it vs depending on the tenant ? So let’s say if the refi was 160 and u sold it for 200 u could just collect the 40k and start a new deal
you could, yes!💯 But I don't want to kill the cow and have a steak dinner for a night..I want to milk that sucker and have the tenant pay it off for me! so instead of having a quick $40k today!..I'll have a $200k house paid off for me WHILE I collect cash flow in the mean time..😉
Where in the world (apart from the USA) will you find houses for 100,000 that rents for 2,000$ (even after a 50,000 rehab) ? (Legitimate question no hating)
USA all the way
What is a hard money lender?
a company that lends money to investors to use in the short term
Good one!
Thanks!!!
Another great video on REI
You said dont scale until your ready to do it full time? But how does that work if you still need to work a job for income until you have enough cashflow to quit? Isnt the point of scaling so you have enough then you cane quit maybe im misunderstanding.
Flip real estate to get active income and work on rentals for passive. A mixture of the two is how you can quit your job.
Old video so I hope this comment gets seen… as a sole prop, I write off as much as possible so on paper my income is very low. When it comes time to speak with a private lender or small bank to refi, does having minimal income affect the possibility of moving forward. Any advice?
good question!
there is a happy balance in there..
DM me on IG @samfasterfreedom and let's talk strategy 💯
@@FasterFreedom Dm sent
Best brrrr video on UA-cam. Credentials: I've watched them all.
THANKS MAN!!!📈
How do you handle the interest rate increase??? It has definitely changed your formula.
What was the meaning to tell people more about the brrr , there will be more risk from to take the (food from you're table)
sadly, chances are VERY FEW will ever find the courage to actually do anything about it ..
PLUS Mindset of abundance bro.. There is enough for everyone that wants to work for it!🚀
Does Las Vegas have a good rental market?
There are areas yes!
Don’t you have to wait 6 mo after you close to cash out refinance?
Depends in your bank you go with… probably not
Very good advice and video. One question, if a future investor is a little Leary of doing it alone because they think they might make mistakes, would you suggest that he or she should go with an experienced investor so they can be there to guide them?
Yes yes yes! Great idea! Go to www.freerentalwebinar.con for my free training and information on my mentorship also!
How do you find undervalued houses in a market where investors are pouring money into cash deals and paying over asking price? I've lost the past 5 attempts I've tried to buy.
You need to find deals that don’t have as much competition in them. There are a ton of sources, but it can be hard so don’t give up.
@@FasterFreedom what are some of the sources to search for houses? Was this step one of the most difficult when you first started?
You forgot to add down payment, where u getting that from, hard money loan will not cover, closing costs, so on your example ,you have to come up with 35k or more
PL will pay for everything if you structure it that way
Where is that ONE market in the US, where a $150,000 property goes for rent for $2000?
Tell me that one area, that's the key here.
The house is worth more than 150k. Did you watch it? That’s what I have in it because I but at discounts
@@FasterFreedom but still where does 200K house goes for $2000?
In San Diego area where schools are 9,9,9, condos 500K goes for $2300. Before price increase, it was $350K condo, rent was $1800.
@@sam10818 San Diego is not a good rental market
@@FasterFreedom thanks for clarification
@@sam10818 Anytime! Great question!
I want people to talk about there plan for another 08 when 60% of your renters can't pay rent 🤔
😂 where did you get that stat? You literally just made up numbers… in 08’ rent collection was strong…
Biggest mistake, first step mistake, paying too much for the property at initial purchase.
Zoom-Zoom!!!!!
Let’s go!!!
The bank owns it. Clown. 🤡