What you’re NOT seeing doing the BRRRR method

 

Finding a Property that will actually collect and generate income is very hard to do. The Gurus sell their courses and tell you that if you do things their way you will prosper. 

If it was that easy they would not need to sell their courses.

The other factor if you want to get to their numbers you need to buy in less desirable areas to pay all the people involved in the transaction. This does three things.

1. You get tenants that will not pay

2. Your rehab will probably break you if you do not have deep pockets

3. You waste a lot of time and money

Partners are always pushed to get because the purchase and rehab on multiplex units are not cheap. 

1. The wholesaler has to make their money and the people offering to you also have to make money.

2. High rehab costs $50,000-$100,000 creates profit for the construction and you hope they stay on budget.

3. They usually take months to finish and Federally funded tenants take up to 60 days to get in the property. 

4. There is also a lot of maintenance with more plumbing,heaters,and electrical that will need maintenance. They will diminish your returns and affect your bottom line.

Homes have a better track record on making money for their clients ( go to https://realincomeproperties.blogspot.com/ to our results). 

1. Less rehab

2. Less maintenance (warranty the first year)

3. Faster Income and better tenants 

4. Equity growth in certain areas (we don't purchase in the other areas)

5. More tenants 

6. Less turnover (our tenants average stay 25+ Months)

Buying a good property that will get you a consistent income and less hassles just makes you a lot more money!

The other key you have to watch is how many hands are in the purchase, rehab, Leasing, and management of a property?

We my company JUST 1 we handle it all which creates more money and wealth for you. We have a 99.5% success rate and 1200+ properties and counting.

Need Better Properties and Service Contact Brett 216-703-5740 Key Realty and Property Management

Click here to Schedule a 15 Mon Meeting nad see how we can help you