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221: Getting $20k Cash And A New Rental From One BRRRR Deal
Manage episode 443983080 series 3441909
Innehåll tillhandahållet av DealMachine for Real Estate Investing, David Lecko, and Ryan Haywood. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av DealMachine for Real Estate Investing, David Lecko, and Ryan Haywood eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
In this episode, we explore Ryan’s first BRRRR deal, where he turned a $1,000 purchase into an $85,000 refinance check—$65k of that covering renovation costs and $20k in pure profit. Learn how Ryan used the BRRRR strategy (Buy, Renovate, Rent, Refinance, Repeat) to secure a rental property and extra cash in his first year. If you’re ready to shift from wholesaling to long-term investing, this episode has the insights you need!
KEY TALKING POINTS:
0:00 - Introduction
0:44 - Ryan’s First BRRRR Deal
2:38 - Common Questions People Ask About BRRRR
4:23 - Clearing Up The Confusion About Refinancing
5:34 - Getting A Check For $85,000
7:42 - Another Common Misconception About Investing
8:36 - Taking A Closer Look At The Rehab For Ryan’s First BRRRR Deal
9:46 - Is A BRRRR Deal A Realistic Approach For New Investors?
11:30 - How Could New Investors See If They Qualify For Credit?
12:12 - What If You Don’t Qualify?
13:44 - Ryan’s Coaching Program
17:01 - Getting In Touch With Ryan For Coaching
17:42 - Outro
LINKS:
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Coaching: Ryan Haywood
https://www.skool.com/deal-flow-academy/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
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