All Forum Posts by: Corey Reyment

Hi guys! I wanted to share a quick case study of the BRRRR. This is one of my favorite strategies in real estate! I mainly love it because it's doable to anyone! It doesnt matter if they don't have a lot of funds, don't have great credit, don't have experience, etc. Anyone can do it buy following the simple principles.

Here are the numbers - My operations manager and her husband bought an upper/lower duplex from us. It was rented and had a hoarder living in the lower unit. It needed about $5,000-$10,000 in repairs from what we could tell on our initial walk thru with the sellers when we were putting it under contract. They paid $50,000 for the property.

We funded the deal for them as a private investor. At closing, they received a check for about $250 (credit for rents/security deposits/tax prorations, etc after closing costs and title fees) after everything was settled. 

The property was rented low. I believe it was $350 a month in the upper and $450 in the lower. The tenants were given a rent increase notice and both chose to leave. They replaced all the windows in the property, did some exterior painting, had to change around the driveway to get it to the Green Bay city code, and then after the tenants moved out they had to do a little work to the interior. 

They hired property management in the process so THEY didn't do hardly any of this work. 

The management company was able to find new tenants. The lower unit is now rented for $700 per month and the upper unit is now rented for $650 per month. 

Their appraisal came in low! O boy! The comps were in the $80-$100,000 range but the appraiser knew they bought it for $50K and only gave them a $71,000 appraisal! The good news, they had been collecting some rents in the process and because of their original loan amount, they only needed to bring $99 to closing! 

Anyone can do this! The first one is the hardest! I encourage you to go out, take massive imperfect action and get that first deal!

Real Estate Investing can be scary if you haven't done your first deal. Often times, loan officers or real estate agents tell you that you need a 25% down payment to buy the property and then you need to come up with the rehab costs on top if it. THAT IS NOT TRUE!

If you are interested in learning how to find deals priced well below full market value and how to fund the entire purchase plus the rehab with NONE OF YOUR OWN MONEY, come to this introductory, free session.

Tony Broullire and Corey Reyment will be sharing how you can get started in real estate investing no matter what your goals are, with none of your own money!

OR if you are currently using your own money to fund your real estate deals, this will open you to unlimited possibilities!

Corey will share a real life example of how they bought a 16 unit apartment building with none of their own funds and got a check at closing for $40,000! Tony will share how he built a portfolio of over 50 single family houses and duplexes with none of his own funds!

You will also meet and hear from attendees who have been coming to the recent events and how THEY are having massive success in a short period of time applying the principles they learned at this event!

If you have thought about getting in to real estate investing or you are currently using your own funds to buy properties, you need to be there! We will get you connected to lenders and deals day 1!

Doors will be open at 5:30. The meeting will start at 6 pm. Plan on sticking around after for networking! That is where the magic happens!

@Dannon Anderson, so awesome! We own Fox Cities Home Buyers and Wisconsin Discount Properties. We love helping new investors get rolling. Shoot us your info and I'll have Corey connect up with you!

congrats!

Real Estate Investing can be scary if you haven't done your first deal. Often times, loan officers or real estate agents tell you that you need a 25% down payment to buy the property and then you need to come up with the rehab costs on top if it. THAT IS NOT TRUE!

If you are interested in learning how to find deals priced well below full market value and how to fund the entire purchase plus the rehab with NONE OF YOUR OWN MONEY, come to this introductory, free session.

Tony Broullire and Corey Reyment will be sharing how you can get started in real estate investing no matter what your goals are, with none of your own money!

OR if you are currently using your own money to fund your real estate deals, this will open you to unlimited possibilities!

Corey will share a real life example of how they bought a 16 unit apartment building with none of their own funds and got a check at closing for $40,000! Tony will share how he built a portfolio of over 50 single family houses and duplexes with none of his own funds!

If you have thought about getting in to real estate investing or you are currently using your own funds to buy properties, you need to be there!

Doors will be open at 5:30. The meeting will start at 6 pm. Plan on sticking around after for networking! That is where the magic happens!

@Giles D. - you can check out my husbands facebook page. Its Corey Reyment REI. He posts a lot on there about this topic. Would love to meet up in December.

Real Estate Investing can be scary if you haven't done your first deal. Often times, loan officers or real estate agents tell you that you need a 25% down payment to buy the property and then you need to come up with the rehab costs on top if it. THAT IS NOT TRUE!

If you are interested in learning how to find deals priced well below full market value and how to fund the entire purchase plus the rehab with NONE OF YOUR OWN MONEY, come to this introductory, free session.

Tony Broullire and Corey Reyment will be sharing how you can get started in real estate investing no matter what your goals are, with none of your own money!

OR if you are currently using your own money to fund your real estate deals, this will open you to unlimited possibilities!

Corey will share a real life example of how they bought a 16 unit apartment building with none of their own funds and got a check at closing for $40,000! Tony will share how he built a portfolio of over 50 single family houses and duplexes with none of his own funds!

If you have thought about getting in to real estate investing or you are currently using your own funds to buy properties, you need to be there!

Doors will be open at 5:30. Green Bay Distillery has offered to provide us with a bartender so long as we meet a $200 food and bar minimum in the room so please come, order some food and drinks, and enjoy a fun night of new possibilities! Meeting will start at 6 PM sharp so come early!

Real Estate Investing can be scary if you haven't done your first deal. Often times, loan officers or real estate agents tell you that you need a 25% down payment to buy the property and then you need to come up with the rehab costs on top if it. THAT IS NOT TRUE!

If you are interested in learning how to find deals priced well below full market value and how to fund the entire purchase plus the rehab with none of your own money, come to this introductory, free session.

Tony Broullire and Corey Reyment will be sharing how you can get started in real estate investing no matter what your goals are, with none of your own money! OR if you are currently using your own money to fund your real estate deals, this will open you to unlimited possibilities!

Corey will share a real life example of how they bought a 16 unit apartment building with none of their own funds and got a check at closing for $40,000! Tony will share how he built a portfolio of over 50 single family houses and duplexes with none of his own funds!

If you have thought about getting in to real estate investing or you are currently using your own funds to buy properties, you need to be there! If you are not in the Green Bay or Appleton area but want to get the information, shoot us a message!

Thanks @Mitch Ferraro!

Hi Lauren! I just shot you a message. Let us know if we can help!