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Brrrr strategy :The first of the videos in response to requests on #askshaflive. Special focus on BMV ( Below Market Value ) and BRR ( Buy Refurbish Rent). We look at how to source BMV property using a property agent. How to refurbish a property. How to manage the refurbishment. How to find a tenant with good covenant strength. Finally how to exit the property for a profit. (in our case we haven't yet due to Covid-19) We finally explore our options including making it into a retrospective brrr deal.
3:45 What is covenant strength?
4:04 Definition and example of covenant strength.
5:40 One of my personal property strategies.
6:10 Explanation and example of vacant possession value and investment value using my company E-net computers
8:55 Example of a Chartered surveyor offering a deal as a property sourcer or introducer.
9:40 How we use retained agents to advise us.
12:35 How using cash or proof of funds assists in buying BMV property.
14:25 How we Pivoted from Plan A to Plan B
16:00 My test for doing business with a Startup company
25:15 Our process for doing the refurbishment
25:30 Interview explaining the refurbishment process.
40:00 How I treat my property company like a trading company.
40:50 Removing the tenants break to increase the investment value of the building.
Link for brochure for Napier Square.
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