BiggerPockets Real Estate Podcast AMA (Ask Meyer Anything): Seller Financing, A Better "BRRRR", & Do You Need an LLC?
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Dec 16, 2024 Unlock the secrets of seller financing—discover when it's a smart move for both buyers and sellers. Explore the benefits of investing in one-bedroom rentals and the unique new BRRRR approach to building wealth from your primary residence. Understand the necessities of forming an LLC for protection and clarity in real estate investing. Plus, dive into the often misunderstood world of wholesaling, as the hosts tackle the misconceptions surrounding this lucrative strategy and how to identify genuine opportunities.
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Seller Financing Negotiation
- Structure seller financing terms as a win-win for both buyer and seller.
- Consider needs and goals of each party, adjusting terms like interest rate, down payment, and loan duration accordingly.
One-Bedroom Apartment Investing
- One-bedroom units offer high revenue per square foot and are relatively recession-proof.
- Watch for increased wear and tear, potential for unauthorized roommates, and maintain consistent unit layouts.
Primary Residence Improvement Strategy
- Improve a primary residence, then use a HELOC for future investments instead of refinancing.
- Refinancing raises monthly payments and resets amortization, while HELOCs provide access to equity without these drawbacks.
