Tag Archive for: Hard Money
Intro to BRRRR
/in ResourcesAre you looking for a simple, easy-to-use strategy to use on your rental investments? Then we recommend Bigger Pockets’ BRRRR strategy (also known as BARRRR).
BRRRR/BARRRR stands for:
Buy
Advertise
Rehab
Rent
Refinance
Repeat
For a full introduction to this real estate investment method, check out this video from Bigger Pockets.
Cash Flow vs Profits
/in Finance Tools, ResourcesThe Difference Between Cash Flow and Profits
Did you know there’s a difference between cash flow and profits? Actually, there’s a significant difference.
Cash flow is the money flowing in and out of your bank account every month to fuel a project from start to finish. The trick is to match incoming money to outgoing money. If cash flow is negative, you’ll spend more time juggling who gets paid and how instead of focusing on finishing and selling the project.
Profits are what you make after everything is paid. Basically, they’re the BIG payday at the end of a project. Profits replenish the pool of money you get to play with, apply toward your next project, and use to lower costs on your next deal. They can also help your cash flow by showing lenders you’re worthy of better products and rates. In their eyes, you’re successful and able to repay them.
Ready to boost your cash flow AND profits? Then contact us!