Video: How to Protect Yourself as a BRRRR Investor: Contracting Wisely
Friday, July 03
Details: What: You´re either new to BRRRR investing or want to take your investing to the next level. You are looking for ways to mitigate the “unknowns” of BRRRR investing. You´ve heard or know firsthand the horror stories of working with the wrong contractors and property managers or getting a ...
BRRRRLegal Tip: Limit Surprises by Requiring an Inspection of Contract
Friday, July 03
The Issue we Face: Someone needs to decide when the rehab work on your next BRRRR is complete and payment is owed. Make sure that that discretion lies in your hands, not that of your contractor. Their opinion of “completed work” could be very different than yours. Solution: Language in my const...
BRRRR Invest: How to Use Your Lease Agreements to Limit the Financial
Friday, June 26
BRRRR Legal Tip: How to Use Your Lease Agreements to Limit the Financial Impact of Unexpected VacanciesHave you had this issue? You rent a property to a tenant on a year lease and in the sixth month they tell you that they have to vacate the property. This can be an all too frequent occurrence ...
BRRRR Legal Tip how to Get Contractors to Finish Your Projects on Time
Friday, June 26
BRRRR Legal Tip of the Week: How to Get Contractors to Finish Your Projects on Time Issue: One of the biggest complaints investors have relate to contractor delays. Delays can cost you a lot of money in the form of holding costs and lost rent. We have to find a way to motivate them to finish on-t...
BRRRR Legal Tip: How to Save Big by Giving Yourself the Right to Buy
Friday, June 19
BRRRR Legal Tip: How to Save Big by Giving Yourself the Right to Buy Your Own Construction Materials for Your Next BRRRR Issue: You want to buy the construction materials directly for your next project instead of letting your contractor do it to avoid upcharges and realize some great savings. So...
BRRRR Legal Tip of the Week: Tenant Wants to Pay Rent in Cash | BRRRR
Friday, June 19
Are you facing a situation where a tenant wants to pay their rent in cash or in some form other than check or bank deposit ? How can you address this in your lease agreement and use it as a benefit to drive additional cash flow? Why is this important? For many reasons, you want to avoid letting...