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

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