BRRRR Duplex Property Tour & Deal Analysis ($100k Equity!)
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- Опубліковано 27 жов 2020
- Join us on another episode of Real Estate Ride Along as real estate investors Chris Lopez & Terrance Doyle tour a BRRRR duplex investment property & deep dive with a full BRRRR deal analysis!
www.biggerpockets.com
Great information! So much to take away here. Thanks guys.
Nice home and helpful tour with helpful discussion.
I love it when Orlando Bloom gives me BRRRR breakdown.
Great video learned a lot!
Love this show! Waiting on a multifamily with higher end rehab.
Just happy to see the annual vs. monthly data entry "problem" finally resolved!
Your videos are splendid! Thank you for giving me a new perspective to contemplate!
Love your show!! Question for Terrance: Before you went to syndicating multifamily, how long did you spend flipping sfh to get entrenched in the business?
How did you guys get property managers quoting 6% fee for a duplex? In washington and parts of oklahoma its like 8-10% per unit (closer to 8% once you have 10+ units under management). They start considering 5-7% when were talking about commercial multifamily, right?
Another great video, learn something new from everyone. Keep them coming.
How long does the property need to “season” for or in other words, how long does it need to be rented before you’re able to do a refinance? Thank you
I am on my phone, please help me understand. So. They did not make monthly income on first year but 2nd year they did?
I'd be bummed to have a landlord neighbor who didn't maintain the front yard.
I own both sides of a townhouse and I keep the front yard in top condition.
I’m interested in what bank is doing 6 month refinance most want 12 months
Great small tips on what creates value. I'm currently analyzing duplexes in Houston.
How is he so good at knowing what to do. I wonder how much properties he has analysis before this one
It's like you're speaking a different language, but I'm trying to learn!
Same here with me, I'm at stage of commitment
How do I get my hands on that excel spreadsheet?
No joke, Let me know if you find it and ill do the same, lol.
Y’all find that spreadsheet yet?
What can be done if it turns out waterproofing needs to be done and its 25K ?
in the BRRRR method, is the goal to ever refinance and pull money out for the next deal? If so, don't banks cap you at 80% available equity?
I'm very very new to this whole thing but from what I've learned so far, you refinance when you believe your property has improved in value (either through renovations or appreciation with changes to the housing market). Banks will apparently allow you to pull out up to 75% of the value to loan ratio. I'm guessing that if you owe $100k on a property that is now worth $200k, you can pull out the extra $50k in equity to roll into your next deal.
I love this show also so cool to see the whole process!
What are the payments for the 8%
What is this stain you’re using for counters/tile/tub? Need a keyword to google!
I think he might be talking about reglazing it
Who came up with the numbers on the excel sheet?
For what he got the property for and what he is putting into the home that ARV seem really high am I missing something here??
yea I was thinking the same thing
Not sure myself, but Denver as a market has been growing pretty well the last 5 years.. Idk if thats part
@@austinkelley3570 i don’t really think so because he is going to refinance out of that loan within six months t
@@prolificempathy1034 I wished they showed the comps to prove these numbers too
It’s the purchase price. In that area, in that condition, he practically stole that place
Coupon code? Somehow missed it
how are you able to raise value of the property by 100k with only 6k what of repairs?
He bought it for less than its true value, off-market for cash from a motivated seller that wanted to get rid of it, in a market where properties are increasing in value hand over fist.
@@03Forester thanks!
Nice ☺️
Why a duplex, and not an apartment building. And are duplexes going to be better off in future than an apartment building.
Hmm, Northglenn? Love the show!
really $0 out of pocket?? Who is the 2nd position lender? or did PML do 100% finance??
I am guessing that, even though he put bandages on all the issues instead of fixing them, his rehab budget was at least double what he claims…
Can we get Terrance Doyle to cover his private money setup? I'm doing something similar to bridge the gap from purchase to refi @ 5.5%. I'd like to do something similar with a private money off of the purchase with a higher rate of return for the people in my network, like 7%, so they're more willing to invest in future projects. Is there a video or some content I can learn about the ways you structure your private money loans?
good question
Easily best show on bigger pockets.
I'm looking for duplexes but In my area most are selling individually
How to answer that question 10:25
You guys are easily the best part of bigger pockets. Brandon and David are just hype guys but that is it IMO
Can you do a video on a BRRRR flip property?
23:52
Hi I’m Esteban Rivera I’m 16 and have a dream to invest in real estate what are some thing I should do now to help my self in the future with real estate ?
Paint match it, no need to paint the whole wall!
Thanks for caring to show us. And do it for free 💎#sa7ute
Haha Real Estate go BRRRR
I'm loving how no one is using masks, such a breath of fresh air also great video!!!
Then Covid comes back twice as bad...
Oh yeah that times NOW
Be very careful with this "spend as little money as possible, it's a rental" mentality.
#1- It's unethical to cut corners when rehabbing a house, even to rent. Don't be lazy!
#2- If you spend as little money as possible on the rehab, you may spend more on repairs, over a period of time.
I think they mean don’t spend a bunch on cabinets, sinks ect
I read through the comments just to see if I was NOT the only one thinking the same thing! I agree!👍🏾
D G I agree
He didn't seem to advocate "cutting corners" he just said don't over improve. He also mentioned that if he was going to sale or were in a higher end area there were certain things (like landscaping, 2 paint colors for interest, stainless steel appliances) that he would do that aren't necessary b/c of the areas rental profile.
FIRST AHA HAAA
Key is spend as little money as possible. It’s a rental!
Not always