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24 January 2025 | 0 replies
The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.
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29 January 2025 | 7 replies
Profits during the partnership can be shared based on the agreed equity split, with income and expenses reported via K-1 forms.
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19 February 2025 | 13 replies
Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.
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18 February 2025 | 14 replies
That others are to deliver success and profit to you with a bow on it.
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22 January 2025 | 1 reply
Thanks all looking forward to growing some generational wealth.
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3 February 2025 | 6 replies
Nevertheless, a facility is on the horizon and I have now started a non-profit with family to begin a secondary path.
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24 January 2025 | 12 replies
If the investor would like to sell the property, we will split the profit of what it sells for 60/40 (the investor getting 60% of profit while I receive 40% of profit.)
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29 January 2025 | 107 replies
You are controlling significant assets with little money and using the revenue they generate to pay for them.
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27 January 2025 | 12 replies
You never get hurt taking a profit.
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17 February 2025 | 4 replies
If you can get it dirt cheap somehow and maybe flip it, then you could profit.