All Forum Posts by: Nate Sanow

The simplest answer and step is to talk to as many property owners as possible as soon as possible.

The return on investment for most properties is all the same… although if the goal is accelerating, id say to flip at scale, if you can afford 3-4x holding costs. 

If you really track the ROI on flips as a cash on cash ROI, odds are you are doing 10% down and getting most rehab reimbursements on a draw schedule and so the COC ROI could be 100% or greater, assuming < 12mo exit and assuming > 10% profit.

Welcome to BP! 

You need deals and you need money for deals. Learning how to find both is everything. Get on some wholesaler lists, find listing agents with deals, and find out if you can raise hard money loans and eventually private money loans. 

If you can't do this, treat real estate as something to study and find a side hustle that will be REI related and pay you until you can do those two most important things: find deals, and money for deals.

Yeah , my thought is don't do it… not yet. For starters the goal of Brrrr is having none of your own money in a deal, and getting a return for it. Paying extra with the return is almost like saving up money or using your own money - and the most successful REI uses leverage and OPM.

Once at a place of scale and growth, it’s something to consider. 

Lately I’ve been saying stuff like “equity is great, but I can’t buy lunch with equity.” What do I mean? Your hot water tank goes out and you will be happy you kept that $100 to cover random repairs and didn’t pay down the loan in the name of equity. 

Again the goal of Brrr is to use someone else’s money to buy a place, someone else’s time to fix it up, and someone else’s money to pay it off. Anything else isn’t necessarily wrong, just not ideal. 

Curious to see if this thread picks up steam. I’ve had thoughts of doing the same, but wanted something material to emulate. Good luck to you. 

Yeah that’s a good read glad to know someone else likes it and sees things that way. I’m into non-panic mode updates that reflect the truth of what is going on right now. 

Welcome to BP, here’s my recommendation’s: 

David Greenes book on Brrrr

Using the search bar on this platform read other people’s brrrr’s 

the BP episode(s) on brrrrr 

Nate Barger’s Facebook group on Brrrr + his YouTube on it 

If possible meeting them up at meetups.. but that’s a lot of markets to go to. I do think posting in every investor group for that city will accomplish it. 

If odds are good you’ll find something off the mls, definitely use an agent… I’m not just saying that because I am one (not in Phx though) I used them before being licensed. You don’t pay for the buyer’s agent commission the seller does. It’s not going to save you money to not use a realtor… trick is to find someone willing to hustle and I get that. I’d definitely interview them and if you need more pointers feel free to ask.

 Insurance: Mimi with State Farm, cell is +1 (918) 260-9595 will answer before 5, I get great policies on holds (they don’t insure flips) 

inspector: Todd Willis with Inquest can set up inspection online or call him +1 (918) 998-4240


appraiser; Jake Elledge with Patriot Appraisal Services he is one of the best at being conversational +1 (918) 408-5858


as for banks, WeStreet Credit Union or Chickasaw Community Bank… but I haven't tried to do the HELOC on investments or a cost segregation study