BRR COURSE - www.fontainebrothers.co.uk/brr
In this video we show you how to get your 1st BRR deal in 10 simple steps.
This video is a full breakdown of the Buy Refurb Refinance Strategy from start to finish. If you're looking to get into the BRR strategy, this video will massively help you.
This is what we cover:
Step 1 - Identifying Your Buy Vehicle.
In this step we cover the different types you structures that could work for you when starting the buy refurbish refinance strategy. For example, setting up a limited company, having a group structure or buying as a sole trader.
Step 2 - Build Your Power Team.
Its important to have a power team and having a good accountant to start with is key. Having the right accountant will save you £££ in the long run. Its also a good idea to be mortgage ready before finding a deal.
Step 3 - Nailing Down Your Goldmine Area
In this step we show you have to nail down a goldmine area which you will target for getting BRR deals.
Step 4 - Finding Buy Refurbish Refinance Property Deals
In this step we cover the main ways of getting BRR deals. You can get them from estate agents, direct to vendor or from deal sourcers.
Step 5 - The Viewing
In this step we cover what to look out for when viewing a BRR deal and any hidden costs. We also cover how to get a ballpark figure from the agent or vendor so you can offer subject to viewing.
Step 6 - Analyse deals & Making offers
In this step we show you how we analyse Buy Refurb Refinance deals by using our deal analyser and checking the nearby comparables. You will also find out how we 'offer without offering' to save time and not ruin relationships with the agent or vendor from a low ball offer.
Step 7 - Financing Your Deal
Every property investor should be side hustle deal sourcing. If you are out looking for BRR deals, there will be some you cannot take on yourself. If you do not pass these onto other investors, you are leaving money on the table. By side hustle deal sourcing you can use the extra funds you make to fund more BRR properties for yourself.
Step 8 - The Refurb
In this step we discuss where you can add value and we run through the rough prices of things that might need refurbing for example kitchen, bathroom and boiler etc.
Step 9 - The Refinance Stage
In this step we cover making valuation packs for handing the valuer when they come to your BRR project to revalue it after works are complete
Step 10 - Lettings & Management
Finally, in this step we cover the different ways to manage the property whether its through an agent or self managed. We also cover how to qualify and disqualify letting agents so you get the right one in place from day one.
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