- Musical Intro plays.
- I am Bryan Jones. I am Seth Martin, and this is The Real Estate Investing Show.
- Follow-up
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Segment 2
(Real Estate or Investment Related Topic )
BRRRR
1 What is BRRRR?
Buy. Renovate. Rent. Refinance. Repeat.
2 WHY BRRRR? Velocity of money.
The velocity of money is a measurement of the rate at which money is exchanged in an economy. It is the number of times that money moves from one entity to another. It also refers to how much a unit of currency is used in a given period of time.
3 Why make less per month?
NO MONEY IN THE DEAL! 4x more properties + appreciation + loan paydown + cashflow = EXPONENTIAL cashflow/network growth.
4 Key numbers to consider.
ALL IN BUDGET OF 75%.
Purchase + renovation < %75.
DTI 75% of RENT.
FRAMEWORK RECAP
5 Buy.
Contact agents in your local market and ask them to send you “as-is” properties. Search on Zillow for FOR SALE by owners. Watch for auctions on AUCTION.COM.
6 Renovate.
Search for contractors in your area. Get a minimum of 3 bids for different contracts to do the work. VERIFY REFERRALS!
7 Rent.
List house with an agent for MLS listing. Zillow list by owner. Or find a TRUSTED PM in your area.
8 Refinance
Call local banks and see what their refinance cap is. For most, this is 75%. Local banks or credit unions work the best!
9 Repeat
In my Mark Will’s voice: And I’ll start back @ 1.
10 Book to read: BRRRR by David Greene
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Segment 3
(A week in our shoes)
- Bryan- New deal. (Carters Creek Pike) Contract on the investor's townhome. Then a bidding war on the property that never sold.
- Seth- Read the book “High profit Prospecting” over the last few weeks and took its 30 questions and evaluated my business.
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Segment 4
- Musical Outro
- Aftershow
- Beep-Beep
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