They make it sound so easy in the podcast. "Get a hard money loan, then just refinance that bitch and cash out! Easy peasy!" Here in Canada you usually can only refinance 80% of the appraised value. So you'd have to b...

Draw up a 2,5 and 10 year plan and figure out which method will allow you to get to your end-goal the easiest.

As far as loans go if a lender can provide 80% of the ARV and close quickly (within 10 days), then that is a DYNAMITE loan for the "BUY" step of the BRRRR method. 

I love problem solving so I have a lot of solutions to problems whether inventions or ideas just haven't been able to do anything with them.

Ideally, what you want to do is identify what their problem is and figure out how to solve it.

My wife and I spent 2019 rehabbing our first single family rental property utilizing the BRRRR method.

(In the IRS language, they tax you on depreciation "allowed or allowABLE").If you choose to not take depreciation, not only it's against the tax rules ("impermissible accounting method"), but you're shooting yourself in the foot.

You absolutely do not use the NOI/Cap Rate method.

My #1 marketing tip (after you hang your license somewhere), is to engage in as many conversations daily as possible trying to solve problems, and building your team (lenders, virtual assistants, title firms, etc).

You have to be careful and methodical.