This book by David M. Greene outlines the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy for real estate investing. It explains how to purchase undervalued properties with cash, rehab them, rent them out, and then refinance to recover the initial investment and repeat the process. The book includes personal anecdotes, practical advice, and detailed steps for identifying target properties, negotiating offers, and increasing property value. Greene also discusses the importance of building a team and managing finances effectively to achieve financial independence through real estate investing.
This book provides a roadmap for real estate investors to raise private capital effectively. Matt Faircloth shares practical tips and techniques learned from his own experiences, including how to develop a track record, create a business plan, find and secure cash providers, and structure private loan and equity deals. The book is designed for both new and seasoned investors, offering valuable insights and strategies to overcome the challenges of financing real estate projects.
In 'Storyworthy,' Matthew Dicks provides a comprehensive guide on the art of storytelling. The book is divided into three parts: Finding your story, Crafting your story, and Telling your story. Dicks shares his own stories to illustrate key points and offers tips and exercises to help readers improve their storytelling skills. He emphasizes the importance of identifying a 'five-second moment' of transformation or realization in every story and provides techniques for making stories engaging and memorable. The book is designed to help anyone become a better storyteller, whether for personal or professional purposes, and highlights how storytelling can deepen connections with others and enhance one's own life[1][3][5].
Forty real estate deals is a lot, especially for an experienced investor. How many people do you know that have done forty flips, wholesale deals, or own over forty rentals? Odds are, probably not many. So how does a nineteen-year-old do that many deals in only a year? Even better, how do they then take that experience and build a successful flipping business thousands of miles away from where they live? The answer might surprise you.
Dominique Gunderson is an anomaly in the best of ways. At fifteen years old she became privy to short sales, then at age seventeen, she left high school to start wholesaling full-time. Now, at age twenty-four, she runs a full-time flipping business based in New Orleans while she resides in her home state of California. She’s managing this entire out-of-state real estate investing venture strictly through her phone, laptop, and conversations with her contractors. Impressive, right?
But this level of speed and growth didn’t come without its tradeoffs. Dominique failed many, many times in her pursuit of passive income and real estate profits. She’s the first to admit that she wouldn’t trade a single failure for anything she has now, as they’ve been the stepping stones to her success. So if you want to stop sitting on the sidelines and start succeeding at record speed, you better prepare to fail, just like Dominique did.
In This Episode We Cover:
How to quickly screen for potential hidden gems in the multifamily space
The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible
“Loss to lease” and using it as a value-add opportunity that most investors miss
Getting debt quotes, insurance quotes, and accurately calculating future property taxes
Who’s opinion you need to ask for before going through on a multifamily deal
Looking for the opportunities and traps within a seller’s finances
Writing an LOI (letter of intent) and getting bigger deals under contract
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Bookstore
The Real Estate InvestHER Show Episode 170: How this Full Time Nurse Manages Multifamily Syndications with Savannah Arroyo
Facebook
Airbnb
Lowe's Home Improvement
The Home Depot
MLS (Multiple Listing Service)
Connect with Dominique:
Dominique's BiggerPockets Profile
Dominique's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-587
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