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221: Getting $20k Cash And A New Rental From One BRRRR Deal episode artwork

EPISODE · Oct 7, 2024 · 17 MIN

221: Getting $20k Cash And A New Rental From One BRRRR Deal

from The DealMachine Real Estate Investing Podcast · host Ryan Haywood, David Lecko

In this episode, we explore Ryan’s first BRRRR deal, where he turned a $1,000 purchase into an $85,000 refinance check—$65k of that covering renovation costs and $20k in pure profit. Learn how Ryan used the BRRRR strategy (Buy, Renovate, Rent, Refinance, Repeat) to secure a rental property and extra cash in his first year. If you’re ready to shift from wholesaling to long-term investing, this episode has the insights you need! KEY TALKING POINTS: 0:00 - Introduction 0:44 - Ryan’s First BRRRR Deal 2:38 - Common Questions People Ask About BRRRR 4:23 - Clearing Up The Confusion About Refinancing 5:34 - Getting A Check For $85,000 7:42 - Another Common Misconception About Investing 8:36 - Taking A Closer Look At The Rehab For Ryan’s First BRRRR Deal 9:46 - Is A BRRRR Deal A Realistic Approach For New Investors? 11:30 - How Could New Investors See If They Qualify For Credit? 12:12 - What If You Don’t Qualify? 13:44 - Ryan’s Coaching Program 17:01 - Getting In Touch With Ryan For Coaching 17:42 - Outro LINKS: Instagram: Ryan Haywood https://www.instagram.com/heritage_home_investments Coaching: Ryan Haywood https://www.skool.com/deal-flow-academy/ Instagram: David Lecko https://www.instagram.com/dlecko Website: DealMachine https://www.dealmachine.com/pod

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Ryan shares how he used the BRRRR strategy to turn a $1,000 purchase into an $85,000 refinance check, securing $20k in profit and a new rental property.

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221: Getting $20k Cash And A New Rental From One BRRRR Deal

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