@investmentjoy: Be careful who you listen to on tik tok for financial advice. This is a costly #realestate mistake #brrr @tcruznc

Investmentjoy
Investmentjoy
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Region: US
Monday 02 August 2021 13:39:27 GMT
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carlos_exists
Carlos C :
Everything is different for every investor. The end
2021-08-02 15:47:30
77
antonio_10199
Antonio :
Hear him out. Also it’s risky with single family homes too
2021-08-02 13:44:26
28
imthagreatpretender
The Great Pretender :
How am I supposed to do this with no capital or credit? I wanted to start something this year with my refund. But I still haven’t got my return....
2021-08-02 17:19:22
12
michelleblue11
‼️ Skysthelimit ‼️ :
What about cash out refi when doing a slow flip. Does it have to be rented?
2021-08-02 23:25:34
7
wilbstv
Wilbs :
Also your math for the cash flow on that property assumes you have no expenses besides the mortgage and insurance… what about taxes? And any repairs?
2021-08-02 16:01:11
2
alejox007
Alex :
The problem is Fl is not selling houses only buying
2021-08-06 03:46:23
1
grouchiegrumbles
GrouchieGrumbles :
Just don't over leverage. I have seen a lot of people lose everything because they over leverage.
2021-08-02 14:08:09
2
ungodlywyxard
Namikaze :
After renovations and renting it out do u wait for some months before u can refinance the property
2021-08-02 23:18:47
9
devindoesrealestate
DevDoesRealEstate :
Where do you start with it?
2021-08-10 03:17:56
1
jayvsop
Jayvsop :
Wrong. Gucci mane invented the Brrrr method
2021-08-23 21:41:21
24
user2738324089876
Nicholas996 :
Now that your over leveraged with low cash flow, the economy takes a hit. Now properties are -30%, ur underwater, vacancy’s at 40%. You can cover bil
2021-10-08 01:29:26
0
n.i.r.a.n.a.i
예수는 진짜다 🐞 나이자 맨 :
Disclaimer: I'm no expert. i know it works but my fear is if you have hundreds of units mortgaged for 3 decades and 2008 happens, you will lose a lot
2021-08-02 17:32:57
1
juddowens
Judd Owens :
Carlton sheets in the 90s.
2021-09-16 01:24:25
0
all3nperez
Allen Perez :
Understand both points. But with brrr you don’t cash flow as much bc of the refinance
2021-08-02 14:39:28
7
caffeinated_vet
Brad :
that dude says its stupid mostly likely because hes not working it properly
2021-10-03 14:30:17
0
marktplaatskoopje
👑 :
There is something on your face
2021-08-02 14:21:28
8
jos.ekristo
josé :
omg it's the first time i saw your face
2021-08-02 13:44:45
2
user2738324089876
Nicholas996 :
It’s not terrible advice if you listen to all of it. What you just told everyone to do is over leverage themselves. So now you have no equity.
2021-10-08 01:27:01
0
bojanglesr6
Bojangles :
First
2021-08-02 13:41:36
2
clitneyhouston
CIitney Houston :
You know how expensive it is to flip and fix a house?? The brrrr method is very slow and time consuming
2021-10-27 22:44:09
0
.christiansaucedo
Christian :
Arent u just taking out a loan on the house how do u makw money
2021-08-02 23:35:35
1
1111mikec
Mike C :
I like Brandon, but he didn’t come up with the strategy. Investors have been doing this for years and calling it the same thing.
2021-08-02 17:47:57
1
livin_life_like_a_dream
Isaiah g... :
it's not simple
2021-08-02 16:45:07
1
willdot
Willdot :
Houses don't cost 50,000 anymore though 😂 Which this method is causing. slumlords
2021-08-04 13:58:54
1
zetaxp
‍Big Unc :
So do i need 50k all cash?
2021-08-06 06:59:49
1
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