People like you do nothing good for society. You're only worth is driving up home ownership and rental costs to make it difficult for regular people to even live. Go build an apartment building and stop ruining the market. Get a job that actually benefits society.
@TheFasterFreedomShow3 жыл бұрын
Hey Chuck! Sorry you feel that way. Unfortunately you don’t really understand what I do. If you did, you would know that I take run down houses that people can’t afford to fix up and I make them livable and rent them out to amazing families and have very small profit margins. It’s ok to not understand… but ignorantly blasting a stranger on KZbin is an interested alternative. Have a great day! Hope you are doing well!
@jacobwright78903 жыл бұрын
Dudes literally teaching you how to make a ton of money. This is tried and true. I quit my god awful factory job and used this exact method to make more money than most doctors. Society isn’t here for you Chuck
@b_rah3 жыл бұрын
@Chuck He's actually teaching you and many others to make money. You should thank them for that. They're not trying to make you buy a course. It's all FREE INFORMATION.
@alleyoop44652 жыл бұрын
Who are you really mad at Chuck?
@cryptonian77062 жыл бұрын
🤡
@wesleybremer12753 жыл бұрын
you should do a video and show when it doesn’t always work correctly, it could be a real eye opener for some!
@TheFasterFreedomShow3 жыл бұрын
That’s a great idea! We will look into it!
@Wendyybabbyy3 жыл бұрын
Agree
@bkd-newyork2256 Жыл бұрын
You covered the strategy in less than 15 min. Amazing and very clear...
@jtbuyshouses532 жыл бұрын
Love the video!! So much value!’ Just closed my first whole deal for $40,000!!
@TheFasterFreedomShow2 жыл бұрын
🚀🚀🚀
@sixpgaming54622 жыл бұрын
Congrats
@katerakennon5353 Жыл бұрын
This makes me feel better about doing a refinance on my first investment property. I was kind of scared because I will have another debt on my personal credit. This video puts my mind at ease😊 I just need to make sure it stays occupied and/or make sure I have reserves in the event the property is vacant.
@TheFasterFreedomShow Жыл бұрын
absolutely! When we run our cashflow numbers we account for yes mortgage, taxes, insurance, maintenance, and property management but also VACANCY! It will happen and you might as well have the numbers work to where the issue pays for itself..Because vacancy is an issue (the most expensive one I might add) DM me on IG @SamFasterFreedom if you want my FREE training💯
@VolkmerC3 жыл бұрын
Great video! Nice to see how you walk us through property from beginning to end, it would be nice to see how you really started on your first property and where you got your first private lending money from. It would be nice to see how you set up the private lender loan, maybe even showing the specific contract on how to structure it between you and the lender. Keep the videos coming, it’s great material!
@TheFasterFreedomShow3 жыл бұрын
Thanks for the feedback. We will look into it. We do have a video or two on this subject as well!
@VolkmerC3 жыл бұрын
@@TheFasterFreedomShow then I better find them and watch them too! Thank you!
@crod04173 жыл бұрын
Thanks for taking the time to break it down (visually), it makes more sense now.
@TheFasterFreedomShow3 жыл бұрын
Thanks! I just replied to you IG message!
@crod04173 жыл бұрын
@@TheFasterFreedomShow thank you
@wewillprevail25202 жыл бұрын
These are the type of people you need to surround yourself with! God bless and thank you
@TheFasterFreedomShow2 жыл бұрын
Thank you!
@jonathananthony408 Жыл бұрын
This is the first time i kind of understand the BRRRR strategy. Thanks for this simple and practical illustration.
@TheFasterFreedomShow Жыл бұрын
Glad it was helpful! Hope this helps👍 DM me on IG @SamFasterFreedom for my FREE training
@jonathananthony408 Жыл бұрын
@@TheFasterFreedomShow I’m doing that right away!!
@blueoasis84493 жыл бұрын
Very informative video for people who don't know how to get started. Thank you!
@TheFasterFreedomShow3 жыл бұрын
Thank you very much! Appreciate you!
@ianhall35153 жыл бұрын
Great video. I will be buying my first BRRR very soon. Finding a bank without a seasoning period is a great point i need to look into. The hard money fees would just eat up your profits.
@TheFasterFreedomShow3 жыл бұрын
You can find one for sure!
@skrrttoffyt38173 жыл бұрын
best information i’ve ever gotten at 18!! thank you!
@TheFasterFreedomShow3 жыл бұрын
Thank you! Appreciate you!
@robchev Жыл бұрын
I understand everything in the video, but was wanting to know how you made the purchase. How much did you put down of the $72K purchase price? For the remaining loan amount, what was the interest rate? I'm assuming it was a higher rate. ? Where did the $30K for repairs come from? Was that also part of the initial loan? Or was that your own money?
@TheFasterFreedomShow Жыл бұрын
NEVER use your own money! Purchase price and rehab costs came from lender..the 80% refi was able to pay back those lenders + interest!👍
@archivaldoguzman83163 жыл бұрын
Man I cant wait to do my first Brrrr. I just need to take care of a few things and my god I cant wait. I cant sleep and/or eat some days lol Thanks for all the free info guys.
@TheFasterFreedomShow3 жыл бұрын
Thanks for commenting! Appreciate you! See you on the next one!
@jeremybohm3893 жыл бұрын
Great tips about the outside of the house in terms of annual maintenance, marketing strategies and tenant rules/laws.
@TheFasterFreedomShow3 жыл бұрын
Thank you!
@menajahluc6702 Жыл бұрын
Finally finding a video that explains and shows the whole process from start to finish.
@TheFasterFreedomShow Жыл бұрын
My favorite video right here💯
@macknumber93 жыл бұрын
It is great because like you said at the end you don't have to come up with so much capital....even if you broke even or was down $5000 after the deal finalized you are getting 50% cash on cash return if you are flowing $200/month....beats the hell out of 10% return....and you can do it again and add to your portfolio of appreciating assets that are cash flowing. This is an excellent method. I just need to really get good at properly estimating repair costs and finding provate hard money lenders and of course finding the deals
@TheFasterFreedomShow3 жыл бұрын
Thanks! Go to www.freerentalwebinar.com for my free training and info on the mentorship!
@KirkAtamian3 жыл бұрын
Best video I ever seen on BRRRR but what concerns me is you have no equity in home after pulling 80 percent out. To me hard part is finding homes at 40 percent discount which is where your at. Are banks giving you 30 year loans on these an investment? How did you handle covid and renters not paying rent? I real enjoy how you explained everything
@TheFasterFreedomShow3 жыл бұрын
Thank you!! We usually get 25 years and pretty much all our tenants paid!
@TheLifeJOGJourneyofGrowth3 жыл бұрын
What I love the most about your BRRRR approach is that yall buy for equity, y'all build for the long term game. I love this! My only question is how do you know the ARV? Who evaluates the ARV for you?
@TheFasterFreedomShow3 жыл бұрын
We calculate it. I have a video that explains how to on here as well!
@Twentytwentytunnel2 жыл бұрын
Thanks you guys! Olympia WA here the market is Hot. Scarcity the Rent and Listing price points are amazing. I just started Real Estate my goal bye next year is to use BRRRR method thanks and God Bless. Tgr
@TheFasterFreedomShow2 жыл бұрын
Thanks for sharing!
@nathanw91953 жыл бұрын
Thanks for your content!
@TheFasterFreedomShow3 жыл бұрын
Thank you for commenting!
@ZeraHorn2 жыл бұрын
I’m officially a student. This was PHENOMENAL thank you.
@TheFasterFreedomShow2 жыл бұрын
Thanks Zera! Please feel free to subscribe to the channel so you get all the newest content!
@dar182832 жыл бұрын
This is awesome! I’ve had a long term rental in the past, and I’ve recently changed to short term. I love the cash flow that I get from short term and the better care my property receives from guests, however I want to get more properties. I can’t really start doing this stuff right now, but I’m seriously looking at starting in the next 6ish months or so.
@TheFasterFreedomShow2 жыл бұрын
You got this!!
@ShawnMurray Жыл бұрын
It's been 1 year since your comment, did you ever get started again?
@mikef49332 жыл бұрын
Great video! I would love to see a video where you show the damage, the estimated cost to fix it, and the finished product with the finalized repair costs laid out for each repair. I feel that is my biggest knowledge gap...knowing how much repairs will cost to know if a house is a good deal for a BRRRR.
@TheFasterFreedomShow2 жыл бұрын
I have several of those!
@daileykohtz58382 жыл бұрын
Here's a good read for to cover your knowledge gap: "The Book On Estimating Rehab Costs" by J. Scott. This was recommended by David Greene, a very successful BRRRR investor with BiggerPockets.
@Caribart-vz6wg2 жыл бұрын
Please more start to finish rehab videos with included financial numbers 👏🏾👏🏾👍🏾
@TheFasterFreedomShow2 жыл бұрын
I agree...Coming soon!💯
@826media3 жыл бұрын
Very insightful!
@TheFasterFreedomShow3 жыл бұрын
Thank you!!
@hugoarroyo64853 жыл бұрын
Great video!!!
@TheFasterFreedomShow3 жыл бұрын
Thank you very much!! See you on The next one!!
@purpleruckus3 жыл бұрын
I'm ready to start this!
@TheFasterFreedomShow3 жыл бұрын
Let’s go! Stay tuned here and DM me on IG for the training!
@jessicawebster88812 жыл бұрын
Great info, but I do have one question. Private money lenders cover approximately 80%. I've not seen one that gives 100%. You said you didn't make enough to invest 20% of your own money. Where did you get the extra 20% from? Did you use 2 separate lenders to acquire the property?
@TheFasterFreedomShow2 жыл бұрын
We use one private lender. I’ve never heard of a private lender not lonely 100%. Some hard money lenders won’t but most private money lenders well. I have several videos on this channel about private money lenders
@dimandgirl903 жыл бұрын
I am so interested in starting this. But I have three major questions: 1- realistically, what will our first property cost us out of our own money? 2- what if no one will help us? Like what if we can’t find a private lender? What if we don’t get accepted for refinancing? 3- what if I can’t find cheap homes in this market? Please help us! We’re desperate to start this!
@TheFasterFreedomShow3 жыл бұрын
lot of limiting beliefs here. Mindset is everything. Ask yourself "How Can I?" instead of I can't. Watch my channel for the education, then start networking. We have programs but they're geared towards those who are committed to it. The learning should come first.
@Em-ku2dw3 жыл бұрын
Here from you live TikTok... Thanks for sharing your videos, heading to IG to follow and dm you!
@TheFasterFreedomShow3 жыл бұрын
Perfect! Will check it later! Thanks!
@kimvanloozenoord4683 Жыл бұрын
You guys are awesome! We just bought our first rental using the BRRRR strategy!
@TheFasterFreedomShow Жыл бұрын
NICE WORK!👍
@annmariesims14473 жыл бұрын
Great information!
@TheFasterFreedomShow3 жыл бұрын
Thank you very much!!
@Zammy01252 жыл бұрын
Love this video so much! Currently a realtor in Los Angeles !!! Would love to start brrrring but the home prices are insane right now! This video has so much value thank you!
@TheFasterFreedomShow2 жыл бұрын
Don't let that hold you back! You can leverage people in different markets and have systems and team on the other side of the country helping your efforts! a few streets away or a few states away the process is the same and mostly done over the phone and on the computer anyways!🚀
@EricaCauley3 жыл бұрын
How have I missed your channel after all of this time? Smh. Glad I subscribed now.
@TheFasterFreedomShow3 жыл бұрын
Glad you are here!
@nbddiamond1593 жыл бұрын
This helped a lot actually 😂👍🏼
@TheFasterFreedomShow3 жыл бұрын
Thank you. Appreciate the comment!
@amyg12893 жыл бұрын
Always the best content!
@TheFasterFreedomShow3 жыл бұрын
Thanks Amy! Appreciate you!
@shawn37462 жыл бұрын
Enjoyed the video. Makes sense about outsourcing. Reminds me of my Dad saying, Penny wise pound foolish.
@justinmulkey16893 жыл бұрын
Yessss! Love all of the info!
@TheFasterFreedomShow3 жыл бұрын
Thanks a bunch!
@justinmulkey16893 жыл бұрын
@@TheFasterFreedomShow no problem, I’m hoping to be where you’re at by 32. I’m 28 now and I am sick and tired of struggling!
@houlful17142 жыл бұрын
Perfect timing to find this video! I absolutely love it! I clicked on another video of yours and I was like nope wait a second go back and give these guys some credit for their awesome work so here I am! Anyways... on to your next video!
@TheFasterFreedomShow2 жыл бұрын
Hope you enjoyed it!🤣
@samprimm20503 жыл бұрын
Great video guys!
@TheFasterFreedomShow3 жыл бұрын
Thank you!
@jarrettaylors.52513 жыл бұрын
Great walkthrough on the video guys. You mentioned in this video this is how the BRRRR method works but it doesn’t always work this way perfectly. Do you guys have a video on what can go wrong? Or past experiences on what has gone wrong for you guys and how you bounced back from it?
@TheFasterFreedomShow3 жыл бұрын
We are working on one now!!!
@mariocebrian82383 жыл бұрын
Awesome information!! cant wait to get started
@TheFasterFreedomShow3 жыл бұрын
This excites me!! Let’s go
@albarr3003 жыл бұрын
I would like to see more details about the appraisal. What gets it accepted? What’s gets it decline? Do you have to live in the first property? What are the tips and tricks of getting around the appraisal? Any loops holes?
@TheFasterFreedomShow3 жыл бұрын
Do you have to get the appraisal to get the loan from the bank. They need to know a market value that they could base their loan off of. I have other videos to talk about this but also go to www.freerentawebinar.com to talk about my free training and information on my mentorship
@DebrahSarria3 жыл бұрын
Thank you for sharing the knowledge 🤗
@TheFasterFreedomShow3 жыл бұрын
Thank you for commenting! See you on the next one!
@ModelHomeDeals3 жыл бұрын
We ate way toooo much today. Merry Christmas, happy holidays. Great example
@TheFasterFreedomShow3 жыл бұрын
Glad you had a good one! Have a great weekend!
@georgiagreen53093 жыл бұрын
this is so helpful! thanks for the precise content in each video.
@TheFasterFreedomShow3 жыл бұрын
Thank you for the comment!
@ryanshaneprod3487 Жыл бұрын
I salute you guys for being successful at this. But all I can think about as an electrician is whether or not that home is safe behind the walls. No one EVER mentions electrical in a rehabs when imo it’s the most crucial part to get right
@TheFasterFreedomShow Жыл бұрын
if the panel needs it we will do it..If the walls are coming down we will make sure it's up to code
@gradycaldwell6 ай бұрын
A couple of questions that I have. #1 How do you find reputable contractors to do the rehab. #2 How do you determine the ARV before you purchase the house to know how much you should pay for it? #3 What happens if the ARV comes back lower than you expected once you have completed the rehab?
@sallytinay3 жыл бұрын
You guys are funny God bless you both i enjoy learning this brrr strategy its more clear easy to understand thank you i have a friend she did this too shes now very successful because of this strategy
@TheFasterFreedomShow3 жыл бұрын
Thank you!
@luisbarahona37733 жыл бұрын
Great job guys! One quick question - Do you refi for 30 or 15yrs, which one do you usually go for on your deals? Also, can you guys go more into detail on the type of loan at the time of refi such as, fix or variable rates, ballon period, etc?
@TheFasterFreedomShow3 жыл бұрын
We usually do as long amortization as possible! And yes we can work on some!
@freeestyleobsessed2 жыл бұрын
Get 30 year fixed as low a rate as you can I would guess
@MEGvlogs Жыл бұрын
I love this kind of videos, I'm about to start my own journey.
@TheFasterFreedomShow Жыл бұрын
Let’s go!
@rconn56416 ай бұрын
Thanks for the video. You bought at $72k and had $30k in for $102k. ARV was $133k. 80% LTV gives you about $106k. That leaves about about $4k to cover closing on new loan and cash out. How did you repeat with less than $3000? What did the next deal look like based on the results of this?
@mitla223 жыл бұрын
Love all your videos! Would love to join your free webinar!
@TheFasterFreedomShow3 жыл бұрын
Nice! Go to www.freerentalwebinar.com
@jacobvandenberg27492 жыл бұрын
I have inherited debt-free properties that are worth 5 million. I know how to manage properties but I am just learning about investing. I will be inheriting another 2 million in the next few years. How would you maximize that 2 million the most in putting that down on a property?
@TheFasterFreedomShow2 жыл бұрын
Wow.. That's an amazing opportunity! That is a bigger question than just a simple answer. I would have to know a lot more about your goals, experience, risk tolerance, and how passive you want it to be. But I will say that leveraging debt is the most powerful aspect of real estate.. I offer 1 on 1 private calls and we can go over your plans in detail. Dm me on IG!👍
@jacobvandenberg27492 жыл бұрын
Thank you! I will do that. The whole thing is a bit confusing to me still lol
@rayjhala18003 жыл бұрын
Hey guys! Thanks for the content! I was curious about the size of the property in this deal? Sqft and beds/baths? Thanks so much!
@TheFasterFreedomShow3 жыл бұрын
Thanks! It is a 3 bed 2 bath, 1200 sq foot house!
@ashleybrusco3 жыл бұрын
Love your Tiktoks!!
@TheFasterFreedomShow3 жыл бұрын
Thank you!! Appreciate you!
@chelseaderks20152 жыл бұрын
Loved the bloopers too 😭
@TheFasterFreedomShow2 жыл бұрын
We like to have fun🤣
@MrThegoodlooking1 Жыл бұрын
Hi what’s the bank that you use for the short term loan? I feel like it’s very hard to find a lender
@rejoykm2 ай бұрын
Explained it well and thanks for the video. You mentioned the cabinets color were slate gray, what about the wall color? Thank you.
@jpg92793 жыл бұрын
Very informative and funny!
@TheFasterFreedomShow3 жыл бұрын
Of course!
@kimberlyfisherroe2 жыл бұрын
The world is really taking a new shape in Technology, Digital currency are talking over every part of the world.
@glendafishe2 жыл бұрын
The reason most people avoided investing in digital currency or Crypto and missed out on the first wave is because ... A. You didn't listen to any stock broker or expert trader. B. You didn't do your own research. C. You listened to the media.
@orilegustavo52582 жыл бұрын
They made you fear it and think it was fake. Most of you still to this day think it's fake.
@beatanowake2 жыл бұрын
You are missing the wave. Stop doing what they say and do what they do !! They are getting richer and richer and people continue to listen to their LIES.
@kushainsohair2 жыл бұрын
Yeah this is absolutely the best time to buy and Invest
@frankyensha2 жыл бұрын
Stop listening to the media !!! Start today to invest and earn good profits like others.
@sallytinay3 жыл бұрын
Amazing result congrats you guys wonderful
@TheFasterFreedomShow3 жыл бұрын
Thank you Sally!
@WilliamJohnson-hn4vz3 жыл бұрын
Salute Fellas. tons of value here. Good vid
@TheFasterFreedomShow3 жыл бұрын
Appreciate that William!!
@InceptionJiuJitsu2 жыл бұрын
Curious what your sell strategy is? Do you plan on holding these forever or do you guys have a specific exit strategy like selling off homes at say 55 years old.
@TheFasterFreedomShow2 жыл бұрын
Hi Brandon, right now we're focused on growth so we select our properties and do our rehabs in a "built to last" mindset. Real estate is awesome because it has so many exits if you know what you're doing
@sallytinay3 жыл бұрын
Thank you very much
@TheFasterFreedomShow3 жыл бұрын
Your welcome!
@YourPittsburghHome3 жыл бұрын
Awesome video, I'm new to the BRRR strategy. So just to be clear... the goal here is to scale. $200 liquid cash-flow after all that work and taking out a 100k+ note on the property doesn't seem super worth it to me? So the only way this process makes sense is to scale up as much as possible. But what about risk? You just hold multiple mortgages on a ton of property at all times? What if you experience a high vacancy rate?
@TheFasterFreedomShow3 жыл бұрын
Vacancy is super low and there is risk but hedged by discounted pricing and cash flow. Go to www.freerentalwebinar.com for my free training and info on my mentorship
@macknumber93 жыл бұрын
Scaling is definitley goal....but how else can you get 50% cash on cash return? You can't in real estate. You can in mobile homes but they aren't appreciating. This is best way to get a great cash on cash return (with of course a lot of hard work and risk) in the real estate appreciating asset world. You can build some serious net worth over time without needing a lot of up front start up money.
@mitchh83773 жыл бұрын
How long is your Rehab process and do you factor your vacancy time into your repair cost?
@TheFasterFreedomShow3 жыл бұрын
I pens on the project sometimes 1 to 3 months. And yes we include that in there
@cjusino858 ай бұрын
What brand of appliances you get? Would love recommendations for my current rehab. Also for the granite and floors. Any brands you use is greatly appreciated! Nice job!
@erikbudrow1255 Жыл бұрын
So what does that $30k in rehab costs cover? Materials, paying contractors, paying yourselves for labor? And what happens with that $200 in cash flow? Do each of you get $100? What about taxes on that money?
@TheFasterFreedomShow Жыл бұрын
The cash flow is just funny money to help you get by with expenses that pop up. The real wealth is in the appreciation! $30k covered all renovation costs.
@erikbudrow1255 Жыл бұрын
@@TheFasterFreedomShow I assume you mean appreciation over the longer term (5-30 years). Am I understanding you correctly that the idea is to actually to sell the rentals here and there later on?
@joefretty34263 жыл бұрын
Great content, explained very well. Do you guys have a method for finding houses at a discounted price? Or, do you kind of just look around online and going to open houses until you find one at a low cost, but with potential requiring limited rehab costs?
@TheFasterFreedomShow3 жыл бұрын
We have a ton of different ways to find off market properties. I have KZbin videos about it on here and also DM me on Instagram if you would like
@aztecjoe29 Жыл бұрын
Those are very good educated estimate
@TheFasterFreedomShow Жыл бұрын
🚀For the midwest, YES
@JamesJames-pj8fl2 жыл бұрын
Great video guys! Straight to the point!
@TheFasterFreedomShow2 жыл бұрын
Thanks!!! Appreciate yiu!
@mattparsons78842 жыл бұрын
Hey guys great video and nice deal. Just out of curiosity what would happen if when it is appraised it doesn’t come back to the figure you wanted and you have to leave money in the deal! Let’s say the refinance meant you couldn’t pay all the investor back at that time. How would you structure that or has that ever happened?
@TheFasterFreedomShow2 жыл бұрын
You do this enough times and things will not go as planned, sure.. We have structured it in various ways. Mostly we keep reserves for this scenario. Use their money to invest and use our if stuff goes wrong. Want to keep the investors happy at all cost. We will get it back on the next one💪
@sergioblanco45042 жыл бұрын
What’s happens after you refinance with your tenants and the monthly rent? Wouldn’t you have to raise their rent to cover for the higher mortgage balance?
@TheFasterFreedomShow2 жыл бұрын
Rents are set by the market and mortgages are set by the banks.. I can't really control either one of those numbers.. What I can control is the underwriting on the front end to make sure I have enough of a spread to cover all expenses 👍
@fransiskusraymond32422 жыл бұрын
I just wanted to clarify things here. So you actually got your money back to pay for the private lenders through refinancing the house, meaning that you borrow 80% from the bank and repay the borrowed money back to the private lenders. is that a fair statement?
@TheFasterFreedomShow2 жыл бұрын
Correct
@vdjosea3 жыл бұрын
Thank you for this video, exactly what I was looking for!
@TheFasterFreedomShow3 жыл бұрын
Thank you! Check out my other stuff!
@RobinRimmer3 жыл бұрын
I'm here from your live TikTok stream
@TheFasterFreedomShow3 жыл бұрын
Thanks Robin!
@JOCRUZ91633 жыл бұрын
Very good video. I totally learned something today!
@TheFasterFreedomShow3 жыл бұрын
Aweosme! Glad you did! Stick around for more!
@joshwhite6163 Жыл бұрын
Great video! We are under contract with our first home and excited to get started! 70%-80% on the discount percentage is a large swing, how do you guys determine what number to use, in this example you used 75%?
@TheFasterFreedomShow Жыл бұрын
1st of all great job! and i use 75% because that's average. but in some areas you will want to be more conservative then others.. Also depends if your ok with leaving money in the deal (because its a rental) most flippers use 70%
@bcpiinvestigationsllc.55123 жыл бұрын
Awesome video and information! Thanks.
@TheFasterFreedomShow3 жыл бұрын
Thank you!!
@Kennethbigtime1233 жыл бұрын
Awesome start to finish!
@TheFasterFreedomShow3 жыл бұрын
thanks!
@faustohenriquez6 ай бұрын
Loved the video, great content... Any private lenders you might recommend??
@thethreebrothers63703 жыл бұрын
That was awesome 👌
@TheFasterFreedomShow3 жыл бұрын
Thank you! You are awesome!
@MellowManAce012 жыл бұрын
Do you offer courses (doesn’t have to be free) from starting off to getting to the top?
@TheFasterFreedomShow2 жыл бұрын
DM me on IG @SamFasterFreedom
@Jollofpappi2 жыл бұрын
Great video! Nice effort
@TheFasterFreedomShow2 жыл бұрын
Thanks a lot!👉 kzbin.info/www/bejne/b2Gycoiod7WtbZo
@forstonconsultants3 жыл бұрын
When you refinanced, how much did the monthly payment change? Did it go up or down?
@TheFasterFreedomShow3 жыл бұрын
It went way down. Our original loan was from a private lender and only short term. It went down a few hundred dollars with the long term low rate financing
@forstonconsultants3 жыл бұрын
@@TheFasterFreedomShow ok cool!! That’s what make it work! 💪🏾 thank you
@dextermusarurwa3255 Жыл бұрын
Hi guys great video, most understandable explanation I've found thus far. Where do I go to find a private lender though?
@TheFasterFreedomShow Жыл бұрын
Great Q. I recommend going to local REI you'll find a room full of people that believe in real estate and some of them are lawyers, doctors, and business owners that have money but no time to invest..These are the people you want to be friends with👍
@Jesse_Lane2 жыл бұрын
GREAT video!!
@TheFasterFreedomShow2 жыл бұрын
Glad you enjoyed it!
@vincentbarrera37453 жыл бұрын
I would like to see a real comprehensive guide. I wanted to see every step. How did the buying look like?
@TheFasterFreedomShow3 жыл бұрын
Go to www.freerentalwebinar.com
@Rickynator133 жыл бұрын
Thank you great info 👍
@TheFasterFreedomShow3 жыл бұрын
Thank you!!
@merlijncaljouw70902 жыл бұрын
1:45 in the netherlands we say: garage
@TheFasterFreedomShow Жыл бұрын
DM me on IG "FREE" @SamFasterFreedom for my FREE training guide 💯 how to get started in real estate without using any of your own money in 2023
@waldomonroy452 Жыл бұрын
I’d like to see the numbers behind the interest paid to the private money lender and how the projects timeline
@TheFasterFreedomShow Жыл бұрын
Go to FreeRentalWebinar.com and that will help answer some of your questions👍
@shepardfamily82789 ай бұрын
Great content. SLR autofocus was distracting though.
@christopherbenner75162 жыл бұрын
This is very helpful. I have been looking to get into real estate, so it is helpful to get more knowledge.
@TheFasterFreedomShow2 жыл бұрын
Thank you!
@americanoutreach74962 жыл бұрын
This only works if you already have income coming and no debt. That $1300 isn't gonna be considered by most banks as income until a yr or two. Which means, if you don't have previous cash coming in with little to no debt, good luck getting financed with another property. A $200 profit doesn't look good on your DTI. So if your income is $15600 a yr for that one property, and it costs ( with mortgage) $13,200 a yr , your dti is almost 85% ( IF YOU HAVE NO OTHER DEBT ) . So how is a bank gonna dare lend more money out with that much debt? What am I missing? Nevermind.. Just found out about DSCR ... lol
@TheFasterFreedomShow2 жыл бұрын
🤣🤣🤣
@bigpanda1487 ай бұрын
How do you get a private lender? And do you need a real estate license for this? If not, would it help if you had one? Great vid.
@TheMotivationalAvenue3 жыл бұрын
Where do you guys get your kitchen cabinets? You mentioned they would be around $2,000-3,000 to replace instead of dealing with old ones. Thanks.
@TheFasterFreedomShow3 жыл бұрын
Different sources usually Home Depot or a local cabinet wholesaler