🏡 How Rich People Buy Real Estate

One of the best strategies is to use the BRRRR method.

🔺 The BRRRR method is where you Buy a property, Renovate it, Rent it out, Refinance to get your initial capital out, and Repeat the process.

💰 If you have an especially good deal, you’ll be able to refinance more than what you paid to buy the property and renovate it! The extra money you get will be tax-free because it’s a loan and not profit.

🏦 By continuously purchasing properties and refinancing after renovating them, you’ll be able to purchase an infinite amount of properties (as long as you can find a bank that will continue to lend to you).

✅ If you want to learn more about buying your first cash flowing rental property, then check out my free webinar through my link in bio!

[seanlovesrealestate]

🏠 What are your thoughts of the BRRRR method in 2024?

[seancheah]

This method is nice but it depends on where you live.

[SteelFabricator-ossx]

That's why he makes videos cause he's filthy rich. It's called the bullshidol method

[janos]

The assumption that you can buy a home for 130k, put 40k into renovating it and it will be worth 250k is just wrong. It might work in some cases when the previous owner is dumb enough but why wouldn't he put in the money to renovate it. Unless you put in 1000 hours in the home yourself and not calculating your own labour cost.

[FirstnameLastname-umth]

This is bad math. You pay the tax, or you pay the interest on the loan. It's an illusion that this can't go wrong.

[JL_Comics]

Looks good on paper, but easier said than done especially for your average Jone Donought😅

[mrgecklogames]

Dave Ramseys gunna have a heart attack if he sees this

[SASA]

So you will pay profit as 14% lets say, for the first house..
Then double that with next house..
Then you become under the water as you go!

[Rikironysahagamer]

I'm suprised nobody said "Haha! BRRRR method go brrr"

[rythmi]

No you cant just make a method put of a funni wor-

Him: Haha investement method go BRRRR

[Doors]

Then im gonna find a tennant who lied about not having a dog that pisses all over the carpets

[weekendswiththekids]

You need another way to get the money to buy the properties

[randomthing]

Nah it would be 500k just to get a new door put in

[saadmohammed]

Nice content ❤ who else has been watching since day 1?
👇

[markchen]

yea sure i can buy a 140k house in 250k neighborhood nice try

[fahdaakeel]

Wow thank u u teached me a lot of things!!

[dannyb]

Wow this is an amazing idea! If only I could find a house for 50% less than ALL THE OTHER HOUSES IN IT'S NEIGHBORHOOD. 🤔

Lmao.

[krmherozz]

Here tips for how to save money.

Currently economy is very inflated, so best way is to save 5% paycheck goes to gold/silver or ETF/SP500 or compound interest, and always make sure to save another 5% paycheck for EF which is liquidation easily but gold/silver takes bit longer but very good for long investment due to economic inflation and gold/silver is almost impossible to lose its of value even if economy is back to normal, it’ll decrease very bit but demand will be skyrocket because people realize gold/silver is cheaper than before then they would buy lot of gold/silver such as jewelry or assets due to market values. Always save 10% paycheck for yourself and it’s better if it’s save 5% for gold/silver and 5% goes to EF a saving for short term investment.

[ganeshpathak]

You have to pay £200, 000 plus interest

[Rugvd]

Thanks! I have bought my whole neighborhood now