BRRRR stands for: Buy, Rehab, Rent, Refinance, Repeat. It is a method of acquiring an asset, improving its value, stabilizing it, then pulling your money out on a loan. This should help you understand why this matters, how it helps your bottom line, and why the best investors utilize this method.
Could you be successful in your work and well grounded in the connections you’ve made in life and still have something that eats you up inside? Unequivocally, yes. So what’s missing?
Tenants should expect their landlord to make repairs and maintain a property. They should expect to be left in peace if they pay rent on time. But sometimes tenants have expectations that landlords should not or cannot meet. Here are five things tenants should not expect of their landlord.
What if I told you that you could make one powerful maneuver to double the value of your real estate equity? Well hold on, because I’m going to try my best to prove this claim by explaining the power of the value formula in commercial real estate and the muscle behind it—the cap rate.
When tenants abandon a property, should you as the landlord just keep their deposit and move on or follow through with the eviction process? If you have rentals long enough, the situation will come up. Evictions can be costly but you may recoup money—or fall victim to a destructive act of revenge! What’s your move?
Partnering up can be a great thing in real estate. You can partner with others for a short time on specific deals. Or you can align investments with others for the long haul. Or you could even go into business with a partner. But who should you choose? Are friends or family members okay?