Buying Rentals With No Money Using the BRRRR Strategy With Brady Myers (Ep 299)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 26 January 2021
⏱️ 21 minutes
🧾️ Download transcript
Summary
We talk about how he found an investor to loan him the money to buy and fix up his properties, what kind of work he's been doing on his properties, and how he refinances with a long-term lender to pay off his investor.
We review his numbers on what he's paying for properties, what his mortgage payments are, and how much profit he makes every month on each property.
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now dan lay |
| 0:09.4 | brady you wanted to buy rentals for a long time what was holding you back yeah dan i just uh didn't quite |
| 0:17.2 | have the money and um thought it would take forever to save a down payment of 20%. |
| 0:22.9 | So I decided to jump into the Burr Strategy. |
| 0:27.4 | On the podcast today, Brady is going to walk us through how he's been building out his rental portfolio. |
| 0:32.6 | We'll see if he's really doing this without any of his own money and how much money he's making with the |
| 0:37.9 | Burr Strategy. |
| 0:39.1 | Joining us on the podcast today from Indiana is Brady Myers. |
| 0:43.0 | We'll take a really quick break. |
| 0:44.4 | We'll thank our sponsors. |
| 0:45.6 | We'll come right back and we'll jump into the interview. |
| 0:47.9 | The first step in buying a rental property is to get pre-qualified. |
| 0:52.4 | And I would suggest you work with a lender that specializes |
| 0:55.7 | in working with investors because the last thing you want to have happen is to get to closing |
| 1:01.2 | and find out the money's not there and you can't close. The lender that I recommend is Chaley Ridge |
| 1:07.6 | from Ridge Lending Group. She's a nationwide lender and she'll pre-qualify you for free if you mentioned rental |
| 1:14.5 | income podcast. |
| 1:16.1 | Find out more today. |
| 1:17.2 | Contact Chaley at ridgelendinggroup.com. |
| 1:20.3 | That's R-I-D-G-E lending group.com. |
| 1:24.4 | NMLS 42056. |
| 1:26.7 | Being a landlord just became a lot easier thanks to tenant cloud. |
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