Millionaire Explains Why BRRRR Strategy Isn't Enough - Real Estate Investing for Beginners

Real Estate Investor Dan Desveaux uses BRRR (Buy, Renovate, Rent, Refinance, Repeat ) strategy and custom checklists to make the most money from each deal. If you're a beginner to investing, flipping in real estate the Small City Real Estate Millionaire Dan Desveaux explains why BRRR Strategy alone is not sustainable in achieve multi-million dollar portfolio - enjoy!

Real Estate Investor Dan Desveaux learned a valuable lesson of not cutting corners when he lost $100,000 on a single property. Flipping real estate properties can be lucarative if you do it right. Get your permits and build to code. Today's video Entrepreneur Marcin Migdal chats with Dan about his very expensive lesson - more real estate training and investment strategies are coming - Ask Your questions in the comments... - Enjoy!

#realestate #investing #brrrr



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[markerpetertil]

<<Acquiring my first rental property was a pivotal step in my investment journey. It's not just about owning property; it's about generating passive income and building long-term wealth. Finding the right property, understanding the market, and managing it effectively have been key. I wasnt financial free until my 50’s and I’m still in my 50’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made😊

[orotund]

You did it wrong its BRRRR
Buy
Renovate
Rent
Refinance
Repeat
You get your cashflow from the renters while they are paying off your mortgages.

[amafid]

The hook is at 3:18 "when I sell this course"

[davidhernandez]

I don’t understand. If he brrr his way to 10 properties, and every cash out refi pays off the prior loan, properties 1-9 are paid in full and he’s making profit with rental income, why did he run out of money?

[angier]

Can you teach me how to I always mistakes. Just bought my first investment property. Paid all cash. Is this brrrr Strategy for me? What would you advise me to do.

[morpheus-sonofsleep]

Did I just watch an ad for a BRRR strategy course on a video called “Why the BRRR strategy isn’t enough?

[aprild.newhouse]

2:00 i was a millionaire, but i felt broke... boo hoo

[Wisdomseeker]

I mean he was able to buy 10 properties with the strategy... thats enough to build some great wealth. From there he can just collect rent and rack up on equity snd then perhaps do it a few years later

[adampatrick]

This is a hook, i'll subscribe when the full episode comes out, right now it's good info, but ineed more

[Elusivv]

So you're pitching a course when you can't say the full BRRRR term correctly, and bought a 6-plex with 2 parking spaces?

I might need to make a course.

[forrealtyler]

There is no running out of money after your 5 to 10 deals you should have established an LLC with excellent business credit thus opening doors to tens of millions in necessary leverage for refinancing

[julianerbil]

he said he does BRRR bur at 1:41 he said he put 20% down.. isn't that not super typical for BRRR?

[HousesByVic]

After I heard " refinanced my commercial property to go buy duplexes" I was done. Why go backwards.

[a-ian-lim]

flipping would be eating your rabbits.

[Adrian-yifl]

Sounds like you were overpaying for the properties. For the strategy to work you're supposed to buy at a discount such that when you refinance you can recoup your down payment and Rehab costs. Easier said than done of course but that's how you don't run out of money doing it.

[KiNG-txje]

He forgot the RENT part. You're supposed to RENT it out first...duh that's what keeps it from cannibalizing itself. Maybe someone should explain

[kylejohnson]

Tell me you don’t understand REI and BURRR without telling me you don’t understand REI and BURR lol.

[faroukmohamadi]

Now we are talking! Make sure to film an episod with #matt mckeever and #mike rosehart
Or at least meat them they will be more than happy to help you out in this game, they are the gurus of BRRRR Strategy in canada, they are humbal and down to earth and they will boost your networking rithem.
"As always, All the best :)"

[beverlyl.taylor]

sarnia is a hole, if you can make it there, you can make it anywhere, buy my course LOL, you're welcome for the free advertisement

[lorenevans]

isnt brrrr Buy, Rehab, Rent, Refinance, and Repeat, good vid though