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16: Becoming Really, Really Rich
Rich Habits Podcast
How to Buy Rehab, Rent, Refinance and Repeat Your Real Estate Investment
The BER method includes buy rehab, rent, refinance and repeat. You make your money in real estate on the purchase price, not the sale. Once you've bought and renovated the home, rent it out to someone. This will do two things: It's going to pay the mortgage and show a bank that it's a cash flowing asset. Pay off the original mortgage, pay yourself back for the down payment you put down and the renovations and then take some money and buy your next property.
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