Whether you’re just starting to flip houses or you’ve become an old pro, it never hurts to read about other people’s experiences and learn about tricks of the trade.
We’ve all seen those “reality” shows on TV, where they showcase a house flipper who makes a ton of mistakes, yet somehow still manages to turn a profit. It makes for nice TV, but it certainly isn’t part of any reality I’ve ever experienced.
Quick to Buy, Quick to Refi, a new 2-step loan strategy, helps you maximize your loan amounts while limiting the amount of cash you put into a project. It also helps you rapidly finish your projects and buy again, and again, and again.
What does that all mean? It means you no longer need to worry about missing out on great deals and getting stuck in expensive hard money loans.
The Quick to Buy, Quick to Refi strategy all starts with properly setting up your short AND long-term loans.
Now, even though your short-term loan will come first (to quickly buy an under market property from a wholesaler), a key step is to FIRST get pre-qualified for the long-term loan. Why? To ensure you’re able to maximize both loan amounts. If you can qualify for a larger loan upfront, then it’s likely your short-term lender will match that amount.
It also means you’re already going through the process for securing a long-term loan as you begin renovating a property with a short-term loan. Think, “Two birds, one stone.” By the time you finish renovations, you’re ready to refinance into a long-term loan.
But, hold on. You also need to know about the types of refinances. There are two you need to know about: “rate and term” and “cash out”. And yes, it matters you know the differences.
Ready to find out what about those differences? Then check out the whole video here and start capturing free equity, boosting your cash flow, and investing in more properties.
https://thecashflowcompany.com/wp-content/uploads/2019/11/1-us-bank-note-47344-scaled.jpg18102560Jenna Weldonhttps://thecashflowcompany.com/wp-content/uploads/2022/09/The-Cash-Flow-Company-logo.pngJenna Weldon2019-11-20 12:00:002019-11-27 11:02:48Quick to Buy, Quick to Refi – A New Rental Investment Strategy
BRRRR is great, but did you know there are 2 key pillars of BRRRR that most investors don’t know about? Whether you’re just starting out with real estate investing, or you’re an ol’ pro, you should consider taking advantage of these crucial steps to ensure you don’t miss out on cash boosting opportunities.
Take a look at this video and learn about the two key pillars of the BRRRR method.
If you invest in rental properties, then you need to:
These steps help you maximize your loan amount while limiting the cash you need to put into each deal. They also ensure you’re able to buy more deals and build your portfolio at a faster pace.
Through research and conversations, we discovered many investors are confused about how to get going on a deal with little to no money. So, we’ve taken a step back and tried to figure out why that is.
We found out many investors don’t understand the power of the appraisal/ARV. When you get into a long-term loan, you get to use the appraisal value/ARV. It doesn’t matter what you originally paid for the property or the amount of money you put in to fix it up. As long as you set up the loan properly, then you should be able to use the appraised value/ARV.
If you’re ready to maximize your cash flow, capture lots of free equity, and live the life you want, check out the full video.
https://thecashflowcompany.com/wp-content/uploads/2019/11/Friday-Fun-IDontAlwaysBuyHomes.jpg627500Jenna Weldonhttps://thecashflowcompany.com/wp-content/uploads/2022/09/The-Cash-Flow-Company-logo.pngJenna Weldon2019-11-15 09:00:072021-03-08 14:58:59Friday Fun – I Don’t Always Buy Homes
Are you newer to real estate investing? Are you a pro? Either way, it never hurts to learn from other people’s mistakes. In this video, Kris Haskins shares his 11 biggest mistakes during his first year as an investor. Check it out!
Ready to chat about your investments? We’re here to help you choose the right financial path.
If you invest in real estate, you’ve likely heard of the popular term, BRRRR (Buy, Rehab, Rent, Refinance, Repeat).
But why is the “BRRRR” method important? Here are 5 reasons to consider:
Buy properties faster AND with less cash: Take the express lane to refinancing and build your portfolio as fast as you can find, rehab, and rent properties.
Monthly cash flow now vs. later: Why take twice the time to build your portfolio the old fashion way (buying retail)? Buy and make money NOW! The faster you buy, the faster you reach your goals and boost your cash flow.
Preserve your cash: If you find the right wholesale property, you might not need to put any money into the purchase (as long as you set up your short-term loan correctly).
Build equity faster: Capture equity by buying wholesale and using the full appraised value to refinance into a long-term loan. All of that equity acts as your down payment, conserves cash, and builds tons of free equity.
Protection from downturns in the market:Those who pay retail go upside down on their rentals when a market correction occurs. When you purchase properties at a discount, you enjoy built-in equity that comes free with the property. So, you have a cushion to keep your property above water.
It’s Rental Mania out there! Take advantage of it and start multiplying your equity and cash flow today. We can help with our Quick to Buy, Quick to Refi Program. Contact us to learn more!
https://thecashflowcompany.com/wp-content/uploads/2019/10/carpenter-carpentry-close-up-1249611.jpg14402160Jenna Weldonhttps://thecashflowcompany.com/wp-content/uploads/2022/09/The-Cash-Flow-Company-logo.pngJenna Weldon2019-11-12 09:00:112019-10-24 15:04:075 Reasons Why BRRRR Is So Important
Before you decide to invest in a rental property, make sure you take the time to analyze it from start to finish. How do you do that? Well, check out this video from Bigger Pockets. It offers great tips and advice.
https://thecashflowcompany.com/wp-content/uploads/2019/10/free-freedom-gratitude-6945.jpg16202160Jenna Weldonhttps://thecashflowcompany.com/wp-content/uploads/2022/09/The-Cash-Flow-Company-logo.pngJenna Weldon2019-11-04 09:00:292019-10-24 09:51:11Motivational Monday – Believe You Can
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