Utilizing the BRRRR Method When Rates Rise. How To | Jake and Gino

Jake and Gino Real Estate Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5 • 831 Ratings

🗓️ 31 July 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jake and Gino don't believe in sitting on the sidelines. In this episode of the "How To" podcast, they dive into the topic of how to refi and roll, especially when interest rates are on the rise. They discuss the BRRR strategy (Buy, Rehab, Refinance, Repeat) and how they've been able to refinance over $30 million from their portfolio. Gino emphasizes the importance of adding at least 25% value to a property for a successful refi and roll, while Jake encourages action over complacency, even in uncertain times. They talk about the importance of buying deals for the long term, knowing where you are in the market cycle, and leveraging responsibly. Join Jake and Gino as they share their strategy for navigating the current market cycle and their philosophy towards leveraging assets responsibly. They talk about the importance of cash flow and asset protection, and how the truly wealthy leverage assets to their advantage. Tune in to find out how you can better your life and the trajectory of your family by understanding these key concepts. Whether you're a beginner or an experienced investor, this episode is a must-listen! Subscribe to the "How To with Jake and Gino" channel for more insights on real estate investing and wealth creation. We'll see you in the next episode! Jake & Gino are here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/

Transcript

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0:00.0	Hey, everybody, Jake and Gino here. And today we're discussing how to refi enroll when rates go up,
0:06.2	when your interest rates, when the, when the monies cost and mo money. Gang, before we ever heard
0:10.9	the term, burr, B RR, R, R, R, by Refi, Enroll and Refidence. I don't even know what it stands for.
0:17.6	Before we even heard that method, we called it refine rule. That's what we knew.
0:20.9	That was our internal kind of slogan for it. And in today's market, people are sitting on the
0:26.6	sidelines. They're sitting on their hands. They're afraid to go in because, oh, I'm not going to be
0:31.1	a refy the deal if I buy it. Wait a minute. I don't necessarily believe that. It's not what we're
0:37.0	doing in practice so fortunately
0:39.0	we have our resident expert vich daddy here to break that down for us how you doing sir i'm doing
0:45.9	good mr stenziano i think b r r r signs for buy rehab refinance repeat am i right or I just... It sounds good. I was going to say renovate somewhere in there,
0:59.8	but I think you're right. Or rehab. I renovate. It's one of those marketing terms. And for people who've
1:04.9	been in the business for 30 years plus, that's what they've been doing to create massive wealth.
1:09.0	Because when you do refinance a property, it's typically basically a loan back to yourself.
1:13.3	So you're not paying any taxes on that until you sell the property.
1:19.3	We have to recapture it.
1:20.4	And if you sell it, you do a 1031.
1:22.6	The party keeps going.
1:23.9	You're able to defer your taxes.
1:25.4	So when you're talking about a refine role,
1:27.9	it really is dependent upon the market cycle. When Jake and Gino, we started buying properties back in
1:33.0	2013, it was a lot easier. Rates were a little bit lower, but the market was escalating. And to
1:39.0	have a successful refine role, you need to add at least 25% of value onto the property to be able to refi out all
	...

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