What’s Working in 2019” with Kurtis and Matt Reitzel
Talk about...
BRRRR model
Buy, renovate, rent, refinance, repeat
This model works great on duplex conversions or smaller multi-family.
Another way to increase cashflow, but decreases returns. Just Don’t refinance. Just leave more money in the deal. Higher cash-flow because mortgage stays the same, you just leave more capital in the deal.
Value add model...models to do this
* change present use (duplex conversion for example)
* do renovations and rent
The simple buy and hold model still works on single family, just tough to get numbers to work on monthly basis
Ideas....
* put more down, 25,30%
* do efficient renovations to get top rents from the beginning (don’t get trapped in at a low rent)
If you have the capital and/or ability to access equity in your investment properties/sell a few, you could start getting into the multi-family game. 6 units in above starts to become commercial and lenders value the deals differently. Play monopoly.
At the end of the day, whats your freedom number? All we are aiming to do is get their as purposefully as possible
Enjoy! About Kurtis and Matt:
Kurtis and Matt are both Real Estate Investors and active Realtors with Keller Williams, servicing the Tri-City Region in Ontario, Canada. They have a passion for working closely with investors to build and preserve massive wealth in real estate.
Co-Founders of the Tri-City Real Estate Investor Club on Meetups.
Join the Meetup!
https://www.meetup.com/Tri-City-Real-Estate-Investor-Club/
Link to this episode on Apple Podcast:__________________
Contact
Instagram
https://www.instagram.com/matt.reitzel/
https://www.instagram.com/kurtisreitzel/
Email
[email protected]
[email protected] Cell phone number
Kurtis - 226-406-3429