The David Greene Show
My Oklahoma BRRRR - Episode 17
Nov 5, 2024
Dive into a detailed property walkthrough in Oklahoma, featuring a three-bedroom home acquired through a wholesale deal. Discover the BRRRR investment strategy, focusing on how to buy, rehab, rent, refinance, and repeat effectively. Hear about the challenges faced during renovations, including unexpected costs like a new roof. Learn about different refinancing scenarios and cash flow strategies to maximize returns. Flexibility and long-term thinking emerge as key themes in this engaging real estate journey.
25:08
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Quick takeaways
- The BRRRR method allows investors to minimize their out-of-pocket expenses while strategically managing financing for greater return potential.
- Unexpected costs during renovations, such as roof replacements, underscore the importance of budgeting and flexibility in real estate investments.
Deep dives
Property Overview and Purchase Strategy
The property in question is a three-bedroom, two-bathroom house located in Oklahoma, boasting a respectable size of 1,260 square feet. Initially, the home required considerable work, presenting a challenge for non-investors, but was deemed manageable by experienced investors. Purchased for $115,000, the house had a Zestimate valuation of around $179,000, demonstrating significant potential for equity growth. The investment strategy highlights the importance of understanding real estate market conditions and leveraging wholesaler deals to secure property at favorable prices.
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