Complete BRRRR Rental From Start to Finish | Real Life BRRRR Method Example

  Рет қаралды 181,439

The FasterFreedom Show

The FasterFreedom Show

Күн бұрын

#BRRRRMethod #RentalProperty #RealEsateInvestingForBeginners2023
This is the best video you can watch to learn about the BRRRR Method with real life example and case study. Sam and Lucas walk you thru one of their most recent rental properties and explain the BRRRR Strategy in simple and digestible terms.
In this video you can see the before and after pictures of their rental rehab and learn how simple the BRRRR Method can really be.
This video is perfect for the beginner real estate investor who wants to learn about the BRRRR Strategy and how to buy rental properties with no money... you read that right, you can buy rental properties with no money out of pocket.
These guys like to have fun and show you how you can be successful as a real estate investor and create wealth like they have!
💯💯💯💯Go to www.freerentalwebinar.com for an amazing FREE webinar we just shot! I give you all the tricks and tips for real estate investing. Including where to get funding, how to invest without using your own money and a ton of free giveaways. It can literally change your life!
Prime Corporate Services -
I have partnered with these guys and we will set up an LLC for you for FREE, no JOKE! (small state filing fees apply) These guys do LLC formations in any state, they also do tax services and pretty much anything you need. Schedule a FREE consult here: primepartner.info/fasterfreedom
Follow us!
Instagram- SamFasterFreedom
TikTok- @samfasterfreedom
Twitter- @FasterFreedom
Join our amazing Facebook Group as well- / cashflowing
Share with your friends!
• Complete BRRRR Rental ...

Пікірлер: 832
@chuckgerman7869
@chuckgerman7869 2 жыл бұрын
People like you do nothing good for society. You're only worth is driving up home ownership and rental costs to make it difficult for regular people to even live. Go build an apartment building and stop ruining the market. Get a job that actually benefits society.
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Hey Chuck! Sorry you feel that way. Unfortunately you don’t really understand what I do. If you did, you would know that I take run down houses that people can’t afford to fix up and I make them livable and rent them out to amazing families and have very small profit margins. It’s ok to not understand… but ignorantly blasting a stranger on KZfaq is an interested alternative. Have a great day! Hope you are doing well!
@jacobwright7890
@jacobwright7890 2 жыл бұрын
Dudes literally teaching you how to make a ton of money. This is tried and true. I quit my god awful factory job and used this exact method to make more money than most doctors. Society isn’t here for you Chuck
@b_rah
@b_rah 2 жыл бұрын
@Chuck He's actually teaching you and many others to make money. You should thank them for that. They're not trying to make you buy a course. It's all FREE INFORMATION.
@alleyoop4465
@alleyoop4465 2 жыл бұрын
Who are you really mad at Chuck?
@cryptonian7706
@cryptonian7706 2 жыл бұрын
🤡
@bkd-newyork2256
@bkd-newyork2256 Жыл бұрын
You covered the strategy in less than 15 min. Amazing and very clear...
@wesleybremer1275
@wesleybremer1275 3 жыл бұрын
you should do a video and show when it doesn’t always work correctly, it could be a real eye opener for some!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
That’s a great idea! We will look into it!
@Wendyybabbyy
@Wendyybabbyy 2 жыл бұрын
Agree
@jthomas637
@jthomas637 2 жыл бұрын
Love the video!! So much value!’ Just closed my first whole deal for $40,000!!
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
🚀🚀🚀
@sixpgaming5462
@sixpgaming5462 2 жыл бұрын
Congrats
@houlful1714
@houlful1714 2 жыл бұрын
Perfect timing to find this video! I absolutely love it! I clicked on another video of yours and I was like nope wait a second go back and give these guys some credit for their awesome work so here I am! Anyways... on to your next video!
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Hope you enjoyed it!🤣
@Em-ku2dw
@Em-ku2dw 3 жыл бұрын
Here from you live TikTok... Thanks for sharing your videos, heading to IG to follow and dm you!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Perfect! Will check it later! Thanks!
@Zammy0125
@Zammy0125 2 жыл бұрын
Love this video so much! Currently a realtor in Los Angeles !!! Would love to start brrrring but the home prices are insane right now! This video has so much value thank you!
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Don't let that hold you back! You can leverage people in different markets and have systems and team on the other side of the country helping your efforts! a few streets away or a few states away the process is the same and mostly done over the phone and on the computer anyways!🚀
@VolkmerC
@VolkmerC 3 жыл бұрын
Great video! Nice to see how you walk us through property from beginning to end, it would be nice to see how you really started on your first property and where you got your first private lending money from. It would be nice to see how you set up the private lender loan, maybe even showing the specific contract on how to structure it between you and the lender. Keep the videos coming, it’s great material!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks for the feedback. We will look into it. We do have a video or two on this subject as well!
@VolkmerC
@VolkmerC 3 жыл бұрын
@@TheFasterFreedomShow then I better find them and watch them too! Thank you!
@georgiagreen5309
@georgiagreen5309 3 жыл бұрын
this is so helpful! thanks for the precise content in each video.
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you for the comment!
@shawn3746
@shawn3746 Жыл бұрын
Enjoyed the video. Makes sense about outsourcing. Reminds me of my Dad saying, Penny wise pound foolish.
@crod0417
@crod0417 3 жыл бұрын
Thanks for taking the time to break it down (visually), it makes more sense now.
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks! I just replied to you IG message!
@crod0417
@crod0417 3 жыл бұрын
@@TheFasterFreedomShow thank you
@skrrttoffyt3817
@skrrttoffyt3817 3 жыл бұрын
best information i’ve ever gotten at 18!! thank you!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you! Appreciate you!
@wewillprevail2520
@wewillprevail2520 2 жыл бұрын
These are the type of people you need to surround yourself with! God bless and thank you
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Thank you!
@blueoasis8449
@blueoasis8449 3 жыл бұрын
Very informative video for people who don't know how to get started. Thank you!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you very much! Appreciate you!
@katerakennon5353
@katerakennon5353 Жыл бұрын
This makes me feel better about doing a refinance on my first investment property. I was kind of scared because I will have another debt on my personal credit. This video puts my mind at ease😊 I just need to make sure it stays occupied and/or make sure I have reserves in the event the property is vacant.
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
absolutely! When we run our cashflow numbers we account for yes mortgage, taxes, insurance, maintenance, and property management but also VACANCY! It will happen and you might as well have the numbers work to where the issue pays for itself..Because vacancy is an issue (the most expensive one I might add) DM me on IG @SamFasterFreedom if you want my FREE training💯
@vdjosea
@vdjosea 2 жыл бұрын
Thank you for this video, exactly what I was looking for!
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Thank you! Check out my other stuff!
@dar18283
@dar18283 2 жыл бұрын
This is awesome! I’ve had a long term rental in the past, and I’ve recently changed to short term. I love the cash flow that I get from short term and the better care my property receives from guests, however I want to get more properties. I can’t really start doing this stuff right now, but I’m seriously looking at starting in the next 6ish months or so.
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
You got this!!
@ShawnMurray
@ShawnMurray Жыл бұрын
It's been 1 year since your comment, did you ever get started again?
@archivaldoguzman8316
@archivaldoguzman8316 3 жыл бұрын
Man I cant wait to do my first Brrrr. I just need to take care of a few things and my god I cant wait. I cant sleep and/or eat some days lol Thanks for all the free info guys.
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks for commenting! Appreciate you! See you on the next one!
@jonathananthony408
@jonathananthony408 Жыл бұрын
This is the first time i kind of understand the BRRRR strategy. Thanks for this simple and practical illustration.
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
Glad it was helpful! Hope this helps👍 DM me on IG @SamFasterFreedom for my FREE training
@jonathananthony408
@jonathananthony408 Жыл бұрын
@@TheFasterFreedomShow I’m doing that right away!!
@menajahluc6702
@menajahluc6702 Жыл бұрын
Finally finding a video that explains and shows the whole process from start to finish.
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
My favorite video right here💯
@EricaCauley
@EricaCauley 3 жыл бұрын
How have I missed your channel after all of this time? Smh. Glad I subscribed now.
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Glad you are here!
@justinmulkey1689
@justinmulkey1689 3 жыл бұрын
Yessss! Love all of the info!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks a bunch!
@justinmulkey1689
@justinmulkey1689 3 жыл бұрын
@@TheFasterFreedomShow no problem, I’m hoping to be where you’re at by 32. I’m 28 now and I am sick and tired of struggling!
@ianhall3515
@ianhall3515 2 жыл бұрын
Great video. I will be buying my first BRRR very soon. Finding a bank without a seasoning period is a great point i need to look into. The hard money fees would just eat up your profits.
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
You can find one for sure!
@amyg1289
@amyg1289 3 жыл бұрын
Always the best content!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks Amy! Appreciate you!
@nathanw9195
@nathanw9195 3 жыл бұрын
Thanks for your content!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you for commenting!
@JamesJames-pj8fl
@JamesJames-pj8fl 2 жыл бұрын
Great video guys! Straight to the point!
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Thanks!!! Appreciate yiu!
@kimvanloozenoord4683
@kimvanloozenoord4683 Жыл бұрын
You guys are awesome! We just bought our first rental using the BRRRR strategy!
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
NICE WORK!👍
@mariocebrian8238
@mariocebrian8238 3 жыл бұрын
Awesome information!! cant wait to get started
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
This excites me!! Let’s go
@jeremybohm389
@jeremybohm389 3 жыл бұрын
Great tips about the outside of the house in terms of annual maintenance, marketing strategies and tenant rules/laws.
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you!
@purpleruckus
@purpleruckus 3 жыл бұрын
I'm ready to start this!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Let’s go! Stay tuned here and DM me on IG for the training!
@mitla22
@mitla22 3 жыл бұрын
Love all your videos! Would love to join your free webinar!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Nice! Go to www.freerentalwebinar.com
@hugoarroyo6485
@hugoarroyo6485 3 жыл бұрын
Great video!!!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you very much!! See you on The next one!!
@TheLifeJOGJourneyofGrowth
@TheLifeJOGJourneyofGrowth 2 жыл бұрын
What I love the most about your BRRRR approach is that yall buy for equity, y'all build for the long term game. I love this! My only question is how do you know the ARV? Who evaluates the ARV for you?
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
We calculate it. I have a video that explains how to on here as well!
@826media
@826media 3 жыл бұрын
Very insightful!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you!!
@DebrahSarria
@DebrahSarria 3 жыл бұрын
Thank you for sharing the knowledge 🤗
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you for commenting! See you on the next one!
@ZeraHorn
@ZeraHorn 2 жыл бұрын
I’m officially a student. This was PHENOMENAL thank you.
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Thanks Zera! Please feel free to subscribe to the channel so you get all the newest content!
@JOCRUZ9163
@JOCRUZ9163 3 жыл бұрын
Very good video. I totally learned something today!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Aweosme! Glad you did! Stick around for more!
@WilliamJohnson-hn4vz
@WilliamJohnson-hn4vz 2 жыл бұрын
Salute Fellas. tons of value here. Good vid
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Appreciate that William!!
@ModelHomeDeals
@ModelHomeDeals 3 жыл бұрын
We ate way toooo much today. Merry Christmas, happy holidays. Great example
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Glad you had a good one! Have a great weekend!
@samprimm2050
@samprimm2050 3 жыл бұрын
Great video guys!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you!
@ronwashburn7443
@ronwashburn7443 3 жыл бұрын
Awesome job!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks Ron! Appreciate you!
@bcpiinvestigationsllc.5512
@bcpiinvestigationsllc.5512 3 жыл бұрын
Awesome video and information! Thanks.
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you!!
@annmariesims1447
@annmariesims1447 3 жыл бұрын
Great information!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you very much!!
@christopherbenner7516
@christopherbenner7516 Жыл бұрын
This is very helpful. I have been looking to get into real estate, so it is helpful to get more knowledge.
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
Thank you!
@MEGvlogs
@MEGvlogs Жыл бұрын
I love this kind of videos, I'm about to start my own journey.
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
Let’s go!
@Caribart-vz6wg
@Caribart-vz6wg 2 жыл бұрын
Please more start to finish rehab videos with included financial numbers 👏🏾👏🏾👍🏾
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
I agree...Coming soon!💯
@nbddiamond159
@nbddiamond159 3 жыл бұрын
This helped a lot actually 😂👍🏼
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you. Appreciate the comment!
@sallytinay
@sallytinay 3 жыл бұрын
You guys are funny God bless you both i enjoy learning this brrr strategy its more clear easy to understand thank you i have a friend she did this too shes now very successful because of this strategy
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Thank you!
@Twentytwentytunnel
@Twentytwentytunnel 2 жыл бұрын
Thanks you guys! Olympia WA here the market is Hot. Scarcity the Rent and Listing price points are amazing. I just started Real Estate my goal bye next year is to use BRRRR method thanks and God Bless. Tgr
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Thanks for sharing!
@thethreebrothers6370
@thethreebrothers6370 3 жыл бұрын
That was awesome 👌
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you! You are awesome!
@macknumber9
@macknumber9 3 жыл бұрын
It is great because like you said at the end you don't have to come up with so much capital....even if you broke even or was down $5000 after the deal finalized you are getting 50% cash on cash return if you are flowing $200/month....beats the hell out of 10% return....and you can do it again and add to your portfolio of appreciating assets that are cash flowing. This is an excellent method. I just need to really get good at properly estimating repair costs and finding provate hard money lenders and of course finding the deals
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks! Go to www.freerentalwebinar.com for my free training and info on the mentorship!
@Kennethbigtime123
@Kennethbigtime123 3 жыл бұрын
Awesome start to finish!
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
thanks!
@ashleybrusco
@ashleybrusco 3 жыл бұрын
Love your Tiktoks!!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you!! Appreciate you!
@christinajones7319
@christinajones7319 Жыл бұрын
Great video ❤
@FasterHouseTV
@FasterHouseTV 3 жыл бұрын
Great content!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks!!
@mikegarcia7081
@mikegarcia7081 Жыл бұрын
Love your video, subscribed
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
Thanksbb
@Rickynator13
@Rickynator13 3 жыл бұрын
Thank you great info 👍
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you!!
@Jollofpappi
@Jollofpappi 2 жыл бұрын
Great video! Nice effort
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Thanks a lot!👉 kzfaq.info/get/bejne/b5Z_dLijp7beZ2w.html
@robchev
@robchev Жыл бұрын
I understand everything in the video, but was wanting to know how you made the purchase. How much did you put down of the $72K purchase price? For the remaining loan amount, what was the interest rate? I'm assuming it was a higher rate. ? Where did the $30K for repairs come from? Was that also part of the initial loan? Or was that your own money?
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
NEVER use your own money! Purchase price and rehab costs came from lender..the 80% refi was able to pay back those lenders + interest!👍
@sallytinay
@sallytinay 3 жыл бұрын
Amazing result congrats you guys wonderful
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you Sally!
@jpg9279
@jpg9279 3 жыл бұрын
Very informative and funny!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Of course!
@obondiye
@obondiye 3 жыл бұрын
new subscriber love the chemistry
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Aweosme!! Thank you!!
@mikef4933
@mikef4933 2 жыл бұрын
Great video! I would love to see a video where you show the damage, the estimated cost to fix it, and the finished product with the finalized repair costs laid out for each repair. I feel that is my biggest knowledge gap...knowing how much repairs will cost to know if a house is a good deal for a BRRRR.
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
I have several of those!
@daileykohtz5838
@daileykohtz5838 2 жыл бұрын
Here's a good read for to cover your knowledge gap: "The Book On Estimating Rehab Costs" by J. Scott. This was recommended by David Greene, a very successful BRRRR investor with BiggerPockets.
@KirkAtamian
@KirkAtamian 3 жыл бұрын
Best video I ever seen on BRRRR but what concerns me is you have no equity in home after pulling 80 percent out. To me hard part is finding homes at 40 percent discount which is where your at. Are banks giving you 30 year loans on these an investment? How did you handle covid and renters not paying rent? I real enjoy how you explained everything
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thank you!! We usually get 25 years and pretty much all our tenants paid!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Any questions about this deal?!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
@STL Investor it was pretty easy!
@christopherw8654
@christopherw8654 3 жыл бұрын
Do you have a video of actually buying the house what you will need and what not
@christopherw8654
@christopherw8654 3 жыл бұрын
Sorry for my ignorance but you guys don’t take out a loan for the rehab only to purchase the property.
@deenna8903
@deenna8903 3 жыл бұрын
Please explain how you are not spending your own money. Are you taking a loan and refinancing? Confused on this part
@WomanofGod990
@WomanofGod990 3 жыл бұрын
Question: when you purchase the home are you buying out with your cash or are you borrowing from the bank ? Once everything is completed and you receive the 80% do you use this money to purchase another property? I’m confused about the start of this. Is sounds like if you first buy your property with cash than start the BRRR
@chelseaderks2015
@chelseaderks2015 2 жыл бұрын
Loved the bloopers too 😭
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
We like to have fun🤣
@victorwhite4396
@victorwhite4396 3 жыл бұрын
Love your videos. Add me to the list for your training classes.
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Will do! Send my a DM on IG!
@Jesse_Lane
@Jesse_Lane 2 жыл бұрын
GREAT video!!
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Glad you enjoyed it!
@faustohenriquez
@faustohenriquez 5 ай бұрын
Loved the video, great content... Any private lenders you might recommend??
@joefretty3426
@joefretty3426 2 жыл бұрын
Great content, explained very well. Do you guys have a method for finding houses at a discounted price? Or, do you kind of just look around online and going to open houses until you find one at a low cost, but with potential requiring limited rehab costs?
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
We have a ton of different ways to find off market properties. I have KZfaq videos about it on here and also DM me on Instagram if you would like
@RobinRimmer
@RobinRimmer 3 жыл бұрын
I'm here from your live TikTok stream
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks Robin!
@rejoykm
@rejoykm 24 күн бұрын
Explained it well and thanks for the video. You mentioned the cabinets color were slate gray, what about the wall color? Thank you.
@haroldjeanite1849
@haroldjeanite1849 2 күн бұрын
Lost a lil money when pulling out the Equity but I have a free house ahah yay! W/ 25% of Equity in it lol
@TheFasterFreedomShow
@TheFasterFreedomShow Күн бұрын
That's the power of the BRRRS method.
@bradleydosch8884
@bradleydosch8884 3 жыл бұрын
Those numbers are killer well done. I love the paint color you went with. Could have missed it - what city are you guys in?
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks! St. Louis!
@sallytinay
@sallytinay 3 жыл бұрын
Thank you very much
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Your welcome!
@paulmurphy1494
@paulmurphy1494 2 жыл бұрын
GREAT INFORMATION
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Thank you!
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Glad it was helpful!
@ryanshaneprod3487
@ryanshaneprod3487 Жыл бұрын
I salute you guys for being successful at this. But all I can think about as an electrician is whether or not that home is safe behind the walls. No one EVER mentions electrical in a rehabs when imo it’s the most crucial part to get right
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
if the panel needs it we will do it..If the walls are coming down we will make sure it's up to code
@rayjhala1800
@rayjhala1800 3 жыл бұрын
Hey guys! Thanks for the content! I was curious about the size of the property in this deal? Sqft and beds/baths? Thanks so much!
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks! It is a 3 bed 2 bath, 1200 sq foot house!
@bigfresh3099
@bigfresh3099 2 жыл бұрын
So helpful
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
awesome feedback! Thanks.. Share with like minded people mindset of abundance
@j9488
@j9488 2 жыл бұрын
Good summary guys
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
💪💪💪
@coryhuffman1948
@coryhuffman1948 2 жыл бұрын
Great video and super helpful. Do you use the private money to cover closing costs and fees when purchasing the property or your own money?
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Yes we use the private lender for every expense
@mummigrace3913
@mummigrace3913 2 жыл бұрын
Im gonna post my journey too. Thank you
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
awesome!
@MrThegoodlooking1
@MrThegoodlooking1 Жыл бұрын
Hi what’s the bank that you use for the short term loan? I feel like it’s very hard to find a lender
@esahic1988
@esahic1988 2 жыл бұрын
Great video
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
Glad you enjoyed it! I have a new video your going to LOVE! Today @ 3:45PM CST 📺
@esahic1988
@esahic1988 2 жыл бұрын
@@TheFasterFreedomShow I’m subscribed, good info for any Real estate investor.
@luisbarahona3773
@luisbarahona3773 3 жыл бұрын
Great job guys! One quick question - Do you refi for 30 or 15yrs, which one do you usually go for on your deals? Also, can you guys go more into detail on the type of loan at the time of refi such as, fix or variable rates, ballon period, etc?
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
We usually do as long amortization as possible! And yes we can work on some!
@freeestyleobsessed
@freeestyleobsessed 2 жыл бұрын
Get 30 year fixed as low a rate as you can I would guess
@dextermusarurwa3255
@dextermusarurwa3255 Жыл бұрын
Hi guys great video, most understandable explanation I've found thus far. Where do I go to find a private lender though?
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
Great Q. I recommend going to local REI you'll find a room full of people that believe in real estate and some of them are lawyers, doctors, and business owners that have money but no time to invest..These are the people you want to be friends with👍
@aztecjoe29
@aztecjoe29 Жыл бұрын
Turn to get an apartment complex that makes you two to three hundred grand a month that way you're not paying so much an interest you're losing so much money
@jessicawebster8881
@jessicawebster8881 2 жыл бұрын
Great info, but I do have one question. Private money lenders cover approximately 80%. I've not seen one that gives 100%. You said you didn't make enough to invest 20% of your own money. Where did you get the extra 20% from? Did you use 2 separate lenders to acquire the property?
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
We use one private lender. I’ve never heard of a private lender not lonely 100%. Some hard money lenders won’t but most private money lenders well. I have several videos on this channel about private money lenders
@rconn5641
@rconn5641 4 ай бұрын
Thanks for the video. You bought at $72k and had $30k in for $102k. ARV was $133k. 80% LTV gives you about $106k. That leaves about about $4k to cover closing on new loan and cash out. How did you repeat with less than $3000? What did the next deal look like based on the results of this?
@felixsanchez89
@felixsanchez89 3 жыл бұрын
This is a great content thanks. I do have one question, after you refinance the house do you have to pay for closing cost, if that can be added on the new mortgage?
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Tht can get glasses to the refinance! Also go to www.freerentalwebinar.com for my free training
@dimandgirl90
@dimandgirl90 3 жыл бұрын
I am so interested in starting this. But I have three major questions: 1- realistically, what will our first property cost us out of our own money? 2- what if no one will help us? Like what if we can’t find a private lender? What if we don’t get accepted for refinancing? 3- what if I can’t find cheap homes in this market? Please help us! We’re desperate to start this!
@TheFasterFreedomShow
@TheFasterFreedomShow 2 жыл бұрын
lot of limiting beliefs here. Mindset is everything. Ask yourself "How Can I?" instead of I can't. Watch my channel for the education, then start networking. We have programs but they're geared towards those who are committed to it. The learning should come first.
@gradycaldwell
@gradycaldwell 4 ай бұрын
A couple of questions that I have. #1 How do you find reputable contractors to do the rehab. #2 How do you determine the ARV before you purchase the house to know how much you should pay for it? #3 What happens if the ARV comes back lower than you expected once you have completed the rehab?
@joshuacarpenter3947
@joshuacarpenter3947 3 жыл бұрын
I want to learn how to do this! Please teach me your ways!
@wreckit6314
@wreckit6314 3 жыл бұрын
Great video! I was wondering if you would use multiple private money lenders or just one?
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
We have a few that we have used over the years! DM me on IG for more!
@albarr300
@albarr300 3 жыл бұрын
I would like to see more details about the appraisal. What gets it accepted? What’s gets it decline? Do you have to live in the first property? What are the tips and tricks of getting around the appraisal? Any loops holes?
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Do you have to get the appraisal to get the loan from the bank. They need to know a market value that they could base their loan off of. I have other videos to talk about this but also go to www.freerentawebinar.com to talk about my free training and information on my mentorship
@kimberlyfisherroe
@kimberlyfisherroe 2 жыл бұрын
The world is really taking a new shape in Technology, Digital currency are talking over every part of the world.
@glendafishe
@glendafishe 2 жыл бұрын
The reason most people avoided investing in digital currency or Crypto and missed out on the first wave is because ... A. You didn't listen to any stock broker or expert trader. B. You didn't do your own research. C. You listened to the media.
@orilegustavo5258
@orilegustavo5258 2 жыл бұрын
They made you fear it and think it was fake. Most of you still to this day think it's fake.
@beatanowake
@beatanowake 2 жыл бұрын
You are missing the wave. Stop doing what they say and do what they do !! They are getting richer and richer and people continue to listen to their LIES.
@kushainsohair
@kushainsohair 2 жыл бұрын
Yeah this is absolutely the best time to buy and Invest
@frankyensha
@frankyensha 2 жыл бұрын
Stop listening to the media !!! Start today to invest and earn good profits like others.
@dromosgoldfang730
@dromosgoldfang730 3 жыл бұрын
This is awesome would you recommend buying a house that's still being built?
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
If the numbers make sense... sure!
@IanJPhysique
@IanJPhysique 3 жыл бұрын
Nice dude
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
Thanks!
@joshwhite6163
@joshwhite6163 Жыл бұрын
Great video! We are under contract with our first home and excited to get started! 70%-80% on the discount percentage is a large swing, how do you guys determine what number to use, in this example you used 75%?
@TheFasterFreedomShow
@TheFasterFreedomShow Жыл бұрын
1st of all great job! and i use 75% because that's average. but in some areas you will want to be more conservative then others.. Also depends if your ok with leaving money in the deal (because its a rental) most flippers use 70%
@jarrettaylors.5251
@jarrettaylors.5251 3 жыл бұрын
Great walkthrough on the video guys. You mentioned in this video this is how the BRRRR method works but it doesn’t always work this way perfectly. Do you guys have a video on what can go wrong? Or past experiences on what has gone wrong for you guys and how you bounced back from it?
@TheFasterFreedomShow
@TheFasterFreedomShow 3 жыл бұрын
We are working on one now!!!
How to Fail at The BRRRR Method | 4 Steps to Avoid
22:28
BiggerPockets
Рет қаралды 93 М.
How to Analyze a Rental Property (No Calculators or Spreadsheets Needed!)
35:11
Spot The Fake Animal For $10,000
00:40
MrBeast
Рет қаралды 163 МЛН
Finger Heart - Fancy Refill (Inside Out Animation)
00:30
FASH
Рет қаралды 12 МЛН
Пранк пошел не по плану…🥲
00:59
Саша Квашеная
Рет қаралды 6 МЛН
아이스크림으로 체감되는 요즘 물가
00:16
진영민yeongmin
Рет қаралды 62 МЛН
How to Use the BRRRR Method to “Infinitely Invest” in 2024
49:58
Real Estate Rookie
Рет қаралды 15 М.
BRRRR Investment Property From Start To Finish! ($141,000 Profit)
28:52
BRRRR Investment Property Walkthrough & Deal Analysis
29:31
BiggerPockets
Рет қаралды 134 М.
Before & After | BRRRR Gone WRONG!
17:39
The FasterFreedom Show
Рет қаралды 14 М.
How to Buy Your First Rental Property | Real Estate Investing for Beginners
1:13:02
The FasterFreedom Show
Рет қаралды 64 М.
$25M at 23… A Less-Known Real Estate Investing Strategy!!
40:39
3 Ways to Estimate Rehab Costs (Even on Your FIRST Deal)
16:44
BiggerPockets
Рет қаралды 66 М.
How to Analyze a Duplex Rental Property (Real Life Example)
36:23
Coach Carson
Рет қаралды 171 М.
How To Buy Your First Rental Property (Step by Step)
27:44
Graham Stephan
Рет қаралды 4,9 МЛН
How to Know a BRRRR Real Estate Deal Will Make You MONEY
14:41
BiggerPockets
Рет қаралды 20 М.
Spot The Fake Animal For $10,000
00:40
MrBeast
Рет қаралды 163 МЛН