Here's an actual BRRR (Buy-Renovate-Rent-Refinance) deal, with a $2.2M profit if we sell it or a $15,170/month cashflow if we keep it.
But before I share with you the details, a word of CAUTION to the newbie investor...
Hey BP!After all expenses are subtracted, what's it the minimum cash flow you shoot for on a single family home?
Often I have seen advice given to always reinvest off the properties you are acquiring, my simple question would be (and there may not be an easy answer) would you take cash flow and pay down mortgage(s) so you could ...
Seems like wholesalers are pretty much unlicensed brokers. Whats the difference? A broker is the middleman, is that not what a wholesaler is?
I know the unicorn property offers both great cash flow as well as future appreciation, but how often does that actually happen? Other ideals would be low crime rate area as wellLooking at small multi family propertie...
In 2005 my oldest brother asked me how my house sale was going. I mentioned it went under contract in three days and we were making $125,000 profit. I was in the military and would be considered lower middle-income at...
Think of a book youve read in the last 3 months that you gleaned the most knowledge from. Share with the group the title and author and one reason why it was so great!
Determination is KEY! Just over 2 weeks ago I had an accumulated debt of over 18 grand. Most of it I accumulated through retail credit cards and small banking loans I had so easily been given right after my 18th birt...
Let me preface by saying I have a genuine interest in the answer and I'm not trying to stir up the passions more. I'm really just trying to understand where my logic is faulty.Here's the scenario.The big thread right ...
Hey y’all. I’m standing on the edge of the cliff of quitting my W2 job and I’m wondering if I can fly. I’m at a point now that many have been in before. I’ve been miserable for years in my career. Instead of letti...