268: How To Double Your Real Estate Return (BRRRR)
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 25 November 2019
⏱️ 43 minutes
🧾️ Download transcript
Summary
Rent amounts are more stable than real estate prices.
The rent amount you can charge is based on incomes in an area.
In real estate: rents behave rigidly; prices are more elastic.
Employment sectors dictate what type of worker buys and what type rents.
Mortgage loan qualification is difficult; I’m qualifying myself. This is inconvenient, but it means borrowers are solvent.
This creates a barrier to entry and stabilizes prices. Tips:
- Be organized.
- Buy multiple properties from the same provider at the same time, if possible.
- Use the same mortgage company.
The BRRRR real estate investing strategy is: Buy - Renovate - Rent - Refinance - Repeat.
You can double or triple your cash-on-cash return with BRRRR.
Learn about Baltimore BRRRR and Philadelphia turnkey property at: GetRichEducation.com/Baltimore
Turnkey vs. BRRRR compared.
__________________
Resources mentioned:
Baltimore BRRRR & Phila. turnkey:
GetRichEducation.com/Baltimore
Mortgage Loans:
Turnkey Real Estate:
eQRP: Text “QRP” to 72000 or:
By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
JWB New Construction Turnkey:
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host, Keith Winehold. What's even more stable than real estate prices? What's your return on time invested after all? Real estate has barriers to entry. Then the difference between Turnkey and the Burr models of real estate investing all today on Get Rich Education. |
| 0:22.4 | Finally, with Total Control Financial, get checkbook control of your existing 401K and IRA funds to invest in real estate. |
| 0:30.2 | Yes, you can move your retirement money into your own checking account, |
| 0:34.8 | but you must avoid the little-known tax that you'll get hammered |
| 0:37.8 | with in a self-directed IRA. Instead, start your QRP. Learn more and get your free copy of the |
| 0:44.5 | QRP book by text messaging QRP in all capital letters to 72,000. The company that's provided our listeners with more loans than anyone is Ridge Lending Group and MLS 42056. |
| 1:02.0 | You can finance more than 10 single families up to four plexes serving most U.S. states, their knowledge and experience leads to your financial freedom, |
| 1:11.9 | their number one in the investment space. |
| 1:15.1 | Pre-qualify and then chat with President Chaley Ridge personally. |
| 1:18.9 | Start on your next investment property loan right now at ridglinggroup.com. |
| 1:26.9 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:34.2 | This is Get Rich Education. Welcome to GRE from Cherry Hill, New Jersey to the Cherry City of Salem, Oregon and across 188 nations worldwide. |
| 1:57.1 | I'm Keith Weinhold. This is Get Rich Education Education and stock market investing is volatile. Some people have |
| 2:04.4 | the stomach for this frenetic yo-yoing and some don't. In fact, stocks are so volatile that even |
| 2:11.3 | when they're aggregated into mutual funds or ETFs, they're still pretty volatile. Gold prices are more stable than stocks. Real estate prices |
| 2:21.2 | are even more stable yet. They might be up 3% this year, then 4% next year, then 5% the |
| 2:30.0 | following year. That's really stable. But you know, there's something even more stable than |
| 2:35.1 | real estate prices, and it probably has an even greater effect on you than real estate prices do, |
| 2:41.7 | and that is real estate rent. Real estate rent amounts are more stable than real estate prices. |
| 2:53.2 | Though it's not common, you might see real estate prices jump up 10% or more in one year or down 10% or more in a given area. |
| 3:04.2 | Well, that virtually never happens with rent amounts. |
| 3:07.6 | When real estate prices go up, understand that it's pretty likely that they're going to |
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