Monthly Archives: October 2023

Home Inspector Tips for Sellers and Buyers

Posted on by


Home Inspector Tips for Sellers
1. Move your pets.
Pets underfoot can make the inspector’s job more difficult. With pets out of the way, the inspector doesn’t have to worry about losing a cat or dog as they move in and out.

2. Clean
Declutter and clean. This may be the first time a buyer is in the house for an extended period of time and it’s a good time to make a good 2nd impression.

Home Inspector Tips for Buyers
1. There will be problems
An inspector’s job is to judge a house fairly but not every issue is critical.

2. Almost anything can be fixed
Everything is upgradable, fixable or replaceable. You need to have a list of what those things are.

3. One thing to worry about is water
Note any issues such as puddles and leaks, address any water-related issues before closing.

4. Home inspectors aren’t fortune tellers
Inspectors can’t tell you how long something will last. They can only tell you if something is in good shape.

5. Find the balance
Weighing the balance between your love for a home and the costs of repairs may make things difficult. Take your time and consider the investment you are about to make.

BRRRR?!

Posted on by


BRRRR, which stands for Buy, Rehab, Rent, Refinance, Repeat, is a popular method for real estate investors to build a portfolio of income-generating properties while also benefiting from long-term equity growth. Here’s a breakdown of each step:

Buy: Investors start by purchasing a distressed or undervalued property typically at a lower cost. The goal is to acquire the property at a price that allows for potential improvements and still makes financial sense.

Rehab: After acquiring the property, investors invest in renovating or rehabilitating it. This includes making necessary repairs and upgrades to improve the property’s condition and, consequently, its value.

Rent: Once the property is in good condition, it’s rented out to generate a steady stream of rental income. The rental income helps cover ongoing expenses like mortgage payments, property management, and maintenance costs.

Refinance: With the property improved and generating rental income, the investor can then refinance the property to pull out a portion of the increased equity. This is typically done through a cash-out refinance loan. By refinancing, the investor can access the accumulated equity in the property in the form of cash.

Repeat: After refinancing and extracting cash, the investor can use that cash to purchase another property or reinvest in the existing property, thus starting the BRRRR cycle again. This strategy allows investors to leverage the equity they’ve built up to acquire additional properties over time.

The key benefits of the BRRRR strategy include building a rental property portfolio, potentially achieving significant appreciation in property values, and recycling capital to continue expanding the investment portfolio. However, it’s important to conduct thorough research, due diligence, and financial analysis for each property to ensure it meets the investment goals and expectations.

Additionally, the BRRRR strategy may involve some risks, such as overleveraging, property market fluctuations, and renovation or construction challenges. It’s crucial for investors to have a clear investment plan, access to financing, and a good understanding of the local real estate market to make informed decisions when implementing the BRRRR strategy.