On this episode of the #AskBP Podcast, Brandon shares four different strategies you could use to invest in real estate if you are starting with $30,000. Stay tuned!
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5 Comments
Brandon, I love the BRRRR strategy concept, but I am concerned I will have an inability to refinance at the end. Any tips?
Well sometimes if the property is too cheap refinancing can be a problem. I was not able to get a mortgage on a property that I own free and clear. There is a non-functioning A/C unit on the property and the underwriter didn’t like it.
The amount I was requesting to borrow was so low I decided that financing was not worth any more of my time.
I hope not to have the same problem in the future.
Brandon, if the private lender pays 70k, how much more do you owe them after you get a 100k loan from the bank? They want more thethan the 70k back correct?
For passive income how could you do something similar to the BRRRR strategy but instead of renting it out you seller finance it to buyer. Are you able to refinance a house you are seller financing?
Yes! I’ve helped people to complete financial freedom with the right markets and properties with that amount. Its really easy, you just need to understand where the market is, be willing to go lower than you expected, and be strategic about how much cash flow you need out of every unit to make it happen. Its easy though. We do it every day 🙂