One of the best strategies is to use the BRRRR method.
🔺 The BRRRR method is where you Buy a property, Renovate it, Rent it out, Refinance to get your initial capital out, and Repeat the process.
💰 If you have an especially good deal, you’ll be able to refinance more than what you paid to buy the property and renovate it! The extra money you get will be tax-free because it’s a loan and not profit.
🏦 By continuously purchasing properties and refinancing after renovating them, you’ll be able to purchase an infinite amount of properties (as long as you can find a bank that will continue to lend to you).
âś… If you want to learn more about buying your first cash flowing rental property, then check out my free webinar through my link in bio!
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By: Sean Pan Title: 🏡 How Rich People Buy Real Estate Sourced From: www.youtube.com/watch?v=yveBeiVDye0
