The Buy & Hold BRRRR Method EXPLAINED | Exit Strategy Masterclass #6 w/ Tony Mont
Welcome to video 6 on a masterclass series dedicated exclusively to learning and mastering exit strategies. In this video learn the exact BRRRR method for wholesalers.
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Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
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Пікірлер: 23
Great stuff guys!
Keep it up Jerry
Jerry I have my first on-market property under contract but every agent I call to find a cash buyer isn’t interested What should I do? I have the house locked up significantly under list price so I know I have a deal
Hey Jerry I’ve rewatched this specific video already 2 times and it is a Gold Mine. My only question is how are you getting that 970? Are you Dividing the 138,750 with the 30yr fixed and 7.5% because even then I’m getting 616.66. I’m doing something wrong and need help from a flipping genius
@FlippingMastery
Ай бұрын
You have to use a mortgage calculator to figure out amortization.
Shout out Chattanooga!!! My home town!
Thanks for the great info! Why is dscr more attractive than hard money, is it just better interest rate?
@FlippingMastery
21 күн бұрын
Hard money is short term (6-12 months). Dscr is long term for rentals
great, so I'm looking for the DSCR ratio 1.05, 1.25 etc but you calculated the principal and interest payment 970$ this might be irrelevant.... but everyone else Ive seen talk about this calculates it with the ratio. is it how many times the rent covers the DSCR PI payment? Thanks Jerry you're a flipping genius
@Yolo-1020
20 күн бұрын
They seem to have gotten confused. A debt service coverage ratio is a ratio of operating cash-flow (or income)/debt payments. So, for example, a DSCR of 1.25 is 100 in P.I. pmts and 125 in income. They’re discussing a refinancing mortgage after purchasing the property for cash with a 25% down payment.
1st
How do rentals help wealthy people cut taxes?
@Boss-dj6ix
27 күн бұрын
They can write off depreciation from their taxes. There’s a bunch of other ways but that’s one of the biggest ways. It’s only really a loss on paper. Because you’ll be making repairs along the way, which is embedded in the 50% rule. Once the 27.5 years of writing off depreciation is up, you have to pay tax on it. However, by then, the house would be close to paid in full and you would get more profit from that property. Furthermore, there’s something called a 1031 exchange where if you sell the house, you don’t have to pay tax so long as you use that money to buy more properties.
@AlfieinMontana
23 күн бұрын
@@Boss-dj6ix goood explanation. Thanks.
Hey Jerry I need help from a flipping genius I'm currently working on a creative finance deal this is the spread 880k asking price 20k commission pay out to agent My assignment fee is at 67,507 The entry fee is $327,507 The property has tenants already the net rent cashflow is at 3375 Principal payment only 50 year amortization Is this a good deal ???
@Badassgamesfan
Ай бұрын
I got all these numbers using the creative finance calculator the seller has a hard money loan that Balloons out this November which is 240k can this still work ?
@Badassgamesfan
Ай бұрын
Forgot to mention cash con cash return is at 13%
@marvindias1377
Ай бұрын
bruh i dont think youtube comments is the answer to your question my boy... analyze the deal make your decision and keep it moving dog
@kaym.2770
21 күн бұрын
Hello! What's the As Is Value? If the asking price is 880k, is the as is value more? Buyers love pre-built equity. Also, what's the monthly payment out compared to what's being received? This will give you your cash on cash return, which you said was 13%. Above 12% is attractable, however, if there's equity already available and cash flows, then it's seemingly a good buy. The buyer will recoup his/her money in just over 7 years and still have a loan pay down over that time period. Plus they can use depreciation as a way to mitigate other tax liabilities. By the way, I have Zero Deals right now. I've been learning and ready to use different methods to maximize opportunities.