Arturo Andres Lara
How to approach private lender
2 May 2019 | 9 replies
I’m looking to try out the BRRRR method to get my foot into the door of owning real estate.
Christina R.
Getting Equity Out of Rental Property
27 April 2019 | 4 replies
It's commonly referred to as the BRRRR method.
Travis Cawthorne
How to properly leverage tax breaks when using the brrrr method.
11 May 2019 | 2 replies
I’ve been investigating the Brrrr method and have listened to the latest webinar with David.
Nasson Raymond
AdvantaIRA for SDIRA & Solo 401K
18 December 2018 | 2 replies
As a self-administered qualified employer retirement plan, a Solo 401(k) requires access to quality guidance, and such custodial firms are simply not built to provide such guidance.
Teresa Ramos
ESA - Landlords vs Colleges vs Airlines
18 December 2018 | 2 replies
If someone does not have a chronic illness, it would stand that once they've been through therapy, or whatever methods they used to get help, that there will eventually come a point where they are no longer classified as disabled.
Aamir Shah
How can I scale faster?
19 December 2018 | 15 replies
I use the BRRRR method, so my cash gets stuck until the rehab and refinance is complete.
Jack Bobeck
Homelessness rises as rents skyrocket
18 December 2018 | 1 reply
I have seen rents rise obviously and to be honest I do think it's affecting the quality of people that we are able to get into a home.
Brock Norton
BRRRR refinance question
29 December 2018 | 13 replies
At closing, the title company files a lien on the property for the LLC which is based on the deed filed at the county courthouse6) pay the contractor $15k in cash to rehab the property 7) get a tenant placed after rehab is completed8) go to a bank to do a "rate and term refinance", which can be done at 85% of the ARV because it is considered a refinance. 8) the individual refinances out of the $65k loan with the LLC into a mortgage with the bank for $76,500 (85% of the $90k ARV) 9) you now have a rental property with a tenant paying your monthly mortgage and you make $11,500 on the deal ($76,500 mortgage less the $65k LLC loan)The LLC method seems more complicated because you have to create the LLC and file the deed, but it seems less risky because you are not subject to the lesser of a) 75% of the ARV or b) the "gross amount due from buyer".
Frank Molinaro
Where to start? What do I do?
22 December 2018 | 12 replies
So we bought a fixer, improved it, moved and instead of selling, we rented the last one out, and by this slower method we collected rental doors.