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ChatGPT vs. the Nerds, and Rental Properties

NerdWallet's Smart Money Podcast

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How Do You Invest in Rentals?

A lot of people I know keep their starter home or condo and then once they graduate to a bigger house, it's just a matter of holding on to the original house and renting it out. The method that we use is commonly called BRRR and it stands for buy, rehab, rent, refinance and then repeat. First, you try to buy a property at below market value. You want to get a good deal as much as possible. So here's where you can use funds such as a HELOC or a short term loan from the bank.

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