How To BRRRR Real Estate With Hard Money Loans! (2022)

In this video, I'm going to show you how you can use hard money loans to BRRRR real estate.

The BRRRR strategy stands for Buy, Rehab, Rent, Refinance, and Repeat.

It allows you to buy real estate and to scale your portfolio with the same amount of money, letting you effectively repeat the process over and over again.

In theory, the BRRRR strategy is an amazing way to quickly grow your net worth via real estate investing. In reality, the BRRRR strategy is difficult to pull off. Borrowers often had a hard time coming up with the funds to buy distressed homes since conventional banks won't lend on them, and banks were also reluctant to cash them out if their debt to income ratio was too high or if they already had too many investor loans.

However, you can use hard money loans to bypass most of these limitations! Watch this video all the way until the end to find out how you can do the BRRRR strategy using hard money loans!
--

#realestateinvesting #bayareainvesting #realestateinvestor

[bharathkumar]

Why didn't you include costs to close for the second time ? Just curious ?

[danwickramasinghe]

Thanks Sean !!!!. Will be scheduling a call with you soon!

[cdee]

Vid quality going up bro. Keep going! They're catching on.

[danterodriguez]

Best BRRRR Video I’ve seen thank you for the break down !

[izabari]

How difficult is it to get approved for your first time? What paperwork is required to submit an application? How do your terms compare to others? Great video by the way. Love the example and use of the whiteboard.

[motiheru]

Nice video but what market can I buy for those numbers and it’s only 50k that will have an Arv that high. I’m in Atlanta and those numbers aren’t happening.

[Liam]

07:00 Question: With the convention$217K, will I still need to put down payment for the conventional/residential loan? And will this be additional out of pocket?

[romanhernandez]

YOUR THE BEST EXPLAINING EVERYTHING! THANKS FOR SHARING MEN YOU HAVE NO IDEA HOW MUCH YOU HELPS OTHERS WITH YOUT CONTENT!

[lausypulls]

What’s the monthly payment during the 6 month process of buying/rehab/refinancing? During this time, we’re hoping construction is on schedule with no tenant in place yet. Or would all we owe during that 6 month period is the initial costs you broke down upfront (1 pt, 8:25% rate, etc?)

[GenuineEncountersCo]

Why are we paying for interest upfront?

[melodyn]

Can you tell Seller you will buy with cash when you pre-approved for a hard money loan? To get a bargaining price with the seller.

[ronniehigginson]

My question is, what if you don't have the exact down payment, can I borrow from another hard money lender for the down payment and pay them back when i refinance?

[realestateunplugged]

What if you buy/renovate with cash but have no income other than your new rental?

[monicadelafuente]

What if you don’t want to sell it. What if you want to keep it as ur primary residence ? Does refinancing still work. ?

[theprettiestyellow]

I understand everything except how you get the lower interest rate.

[MARCD]

why only 70% ltv refinance? would there be other fees included in the refinance closing cost etc?

[iceify]

Can you also refinance with hard money loans if you have bad credit?

[jamiesouza]

How do you get a loan from the bank to cash out refinance when you already own the property by using a hard money loan?

[tonerivera]

I know it's a video... but the ice cream truck subliminal sound in background drove me crazy! Eating ice cream rn! Great video, again! 👏💪🏼💯

[archiehenry]

Hey, what money is used to pay the hard money lender off, the cash out refinance doesn’t cover 160k to pay off the lender