5min chapter

BiggerPockets Real Estate Podcast cover image

769: The Beginner’s Guide to “Infinite Investing” with the BRRRR Method

BiggerPockets Real Estate Podcast

CHAPTER

How to Get More Money Out of a Deal

We paid $5,000 in closing costs. We had estimated repairs of $50,000. The total cost, what we paid for the house plus the repairs plus the closing cost was $275,000. And then we had an after repair value of 350, which means when we got an appraisal after this was done, the bank said it's worth $350,000. They're going to give us a loan for 80% of 350,000, which is the same as if we bought it and put 20% down to the bank. Now that may seem too good to be true, but those of you that understand the burn method get, it's not. This is how

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode