How To Get BRR Property Deals | Buy Refurb Refinance UK
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- čas přidán 14. 03. 2023
- BRR COURSE - www.fontainebrothers.co.uk/brr
In this video we show you how to get your 1st BRR deal in 10 simple steps.
This video is a full breakdown of the Buy Refurb Refinance Strategy from start to finish. If you're looking to get into the BRR strategy, this video will massively help you.
This is what we cover:
Step 1 - Identifying Your Buy Vehicle.
In this step we cover the different types you structures that could work for you when starting the buy refurbish refinance strategy. For example, setting up a limited company, having a group structure or buying as a sole trader.
Step 2 - Build Your Power Team.
Its important to have a power team and having a good accountant to start with is key. Having the right accountant will save you £££ in the long run. Its also a good idea to be mortgage ready before finding a deal.
Step 3 - Nailing Down Your Goldmine Area
In this step we show you have to nail down a goldmine area which you will target for getting BRR deals.
Step 4 - Finding Buy Refurbish Refinance Property Deals
In this step we cover the main ways of getting BRR deals. You can get them from estate agents, direct to vendor or from deal sourcers.
Step 5 - The Viewing
In this step we cover what to look out for when viewing a BRR deal and any hidden costs. We also cover how to get a ballpark figure from the agent or vendor so you can offer subject to viewing.
Step 6 - Analyse deals & Making offers
In this step we show you how we analyse Buy Refurb Refinance deals by using our deal analyser and checking the nearby comparables. You will also find out how we 'offer without offering' to save time and not ruin relationships with the agent or vendor from a low ball offer.
Step 7 - Financing Your Deal
Every property investor should be side hustle deal sourcing. If you are out looking for BRR deals, there will be some you cannot take on yourself. If you do not pass these onto other investors, you are leaving money on the table. By side hustle deal sourcing you can use the extra funds you make to fund more BRR properties for yourself.
Step 8 - The Refurb
In this step we discuss where you can add value and we run through the rough prices of things that might need refurbing for example kitchen, bathroom and boiler etc.
Step 9 - The Refinance Stage
In this step we cover making valuation packs for handing the valuer when they come to your BRR project to revalue it after works are complete
Step 10 - Lettings & Management
Finally, in this step we cover the different ways to manage the property whether its through an agent or self managed. We also cover how to qualify and disqualify letting agents so you get the right one in place from day one.
#property #propertyinvestment #propertytips
Good video mate! Good tips!
Thank you 🙏
Great vid mate🙌🙌
Thanks Harvey 🙌
Incredible content 👑👑💯
Thank you👊
Great video 👏🏻👏🏻
Thank you ❤️
Great content
Thanks for the viewing tip, Nike cap ready for my first viewing - cheers mate 😜
Any time hahah
Interesting video! I'd be interested to know more about how you deal with Capital Gains Tax in the disposal of properties?
Deadly video big man cheers
Nice one mate👊
@@FontaineBrothers trying to start my property investing journey the now so these videos are helping 🙌
@@andys.channelhow are you getting on mate? I’m in a similar boat
Question - Can you give some more detail on the strategies and plans with regards to selling properties again/paying off mortgages at the end of their term. Thanks guys, really appreciate all the work you are putting in!
dont sell, third r Remortgage with new value. will have increased major at the end of the sector guessing you did 25 year
£299 is good also something I will do when I can for sure.
No worries, anything you need hit us up
Just found your channel, so sick! How would one go about learning how to estimate refurb costs ? For example just through pictures before you drive all the way to a property? And then once you are there? Thanks guys
Just posted a video about that, the one with harvey
Guys I just bought your R2R Course. Please get in touch 🙏
It would be awesome if you did like a "work shadowing/experience" day where we could watch the masters at work!!!!!😂
Haha we will do something in the near future👊
Well give me a shout, would love to watch you guys at work, not in a weird creepy way 🤣🤣🤣
How has this changed in 2023 with higher rates and house prices falling? I’m guessing easier deals but harder to sell (so rent)?
Where can you find build teams and accountants in the area?
How does the brrr method work with a block of flats, do you have to remortgage them separately or can you remortgage whole building?
Is the deal analyser document available??
Can you have more then 1 accountant?
💥💥💥💥
🙌🙌🔥
thinking of buying your course. would i get any help after completion of course to get my first brr investment property from you guys
cheers andy
Hi Andy, yeah just drop us a message anytime on any platform for example Instagram or Facebook. We reply to everyone👊
Is your holding company a 'family investment structure' where your family hold shares?
No we own shares of holding company. Holding company owns other companies.
@@FontaineBrothers Ok, if you don't mind me asking, how much did the accountant charge for setting up the holding company?
what survey for brrr strategy?Thanks
What do you mean?
Would anyone be my first garentor??? Got everything ready just can't get my part of the bridging loan
Hi guys great content 👍🏻 - I’m based near you and would be interested in doing some business with you both. Reach out and we can have a chat 👍🏻
Hi Guys, Which bank do you recommend? So many choices, swings and roundabouts which have you found suits these strategies best? Thanks
Hi, we bank with so many different banks from high street ones to unheard ones like Anna bank. Personally the bank I like best is Barclays. Easy to speak to on the phone, easy to use app, can walk in any branch and talk go about business account (most highstreet banks have stopped allowing this) so barcalys has to be my top one👊
Hiya Thank you.
Maybe a daft question but I'm assuming the main reason for different bank accounts is strategies?
I had looked at Anna Tide and Virgin money. Nat West didn't look as good and on the compare sites Barclays wasn't mentioned.
I'm thinking we need on the move payments by mobile?
What would you recommend 🤔 👀