Brrrr Quotes

challenged

The “velocity” of our money makes a very big difference in the overall wealth-building game.

Are you cold?" "Are you offering to keep me warm?" Graham asked hopefully. Rolling her eyes, Zoey couldn't help but laugh when he rubbed his arms with dramatic excess. "Brrrr." Leaning his shoulders against hers, Graham adopted an expression of shivery misery.

BRRRR strategy of real estate investing (Buy, Rehab, Rent, Refinance, Repeat). This

For this, I recommend checking out David Greene’s book, “Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple.

Almost every great deal came as a result of some investor having the ability, desire, and plan to fix someone else’s problem. Money was made as a result of this. If you want to make wealth in real estate, learn how to fix other people’s problems and you will find that wealth finds you.

Understanding this will help you immensely in your business.

Success isn’t found in avoiding anything that could go wrong. It’s found in harnessing your strengths to make them work for you and creating systems that mitigate risk and enhance efficiency.

Be fearful when others are greedy, and greedy when others are fearful.

It’s best to get as many eyeballs on a deal as possible until you know the values yourself, and even then I sometimes have others look them over!

The more people involved and giving you their opinion, the more layers of protection you have, and the more likely you are to see things others missed.

Success comes through repeating a process over and over until our brains figure it out—usually by spotting patterns of things that worked and things that did not, and remembering them.

In real estate, investors can add value to their property in two ways. They pay less than what it’s worth, “buying” equity. They increase the value by improving the property’s condition, “forcing appreciation” or “building” equity through the rehab process. It’s important to note, in the BRRRR method, these are the first two things the investor does. With BRRRR you are adding value before you are financing anything.

Note that when we talk about ROI, we are only talking about the cash flow portion of your profit, nothing else. Because it’s specific to cash flow, ROI in real estate is also referred to as a “cash on cash” return.

If we make sure the ROI we make on our money is higher than the interest rate we are paying to borrow the money, we come out on top. For example, let’s say we invest that $30,000 at the same return we received in the last deal (15 percent). A 15 percent return on $30,000 would be $375 a month. $30,000 x .15 = $4,500 $4,500 / 12 (# of months in a year) = $375

Never seen the appeal of hot tubs. Glorified paddling pools for swingers,’ Lorna said. ‘A bubbling cauldron of suburban pervs. You always ponder what percentage of that tepid water is covert wees. You’d never get into a bath with your neighbours, would you? Brrrr.

Finding talent is no easy feat.

Three hard of hearing guys are at a street corner. The first one says, ‘Brrrr, it's windy!’ The second one says, ‘No, it's Thursday.’ The third one says, ‘Me too, let's get a drink.

The key to rehabbing a BRRRR property is to make the property as “tenant proof” as possible, using materials that will last a long time and won’t need to be redone later.