From Selling Knives and beyond
Focused on helping develop the future leaders of tomorrow for STX. Nick developed a passion for buying Real Estate over the years accumulating both residential & commercial. He soon realized the benefits of having cash flow pay for living cost. Now helping many others develop their own RE Portfolio and mentoring many.
BRRR (BUY, RENOVATE, RENT, REFINANCE) + R (REPEAT)
SUMMARY OF BRRR OR BRRRR
In short, the BRRR method of real estate investing means buy, rehab, rent, refinance, and repeat. That is, you buy a value-add or undervalued property, renovate and rehab it to market standards, get tenants in there, and refinance it based on your new market value to pull out your original cash investment. You can then set up your remote property management system, and then you rinse and repeat.
SHORT TERM FOR THE PROFITS
The most affordable and easiest properties to find are single-family homes and small multifamily properties with no more than four units. This is because anything over 5 units is seen as "commercial" in lenders eyes. The moment you go commercial loan terms, rates, and availability change.
Our Team
Nick Smith & Associates Inc. is set up to help all our clients get organized for approved financing. We do deep market analysis to sort through properties that will or will not make sense for the clients goals. We have access to all the tools needed and have a full team organized to aid them through the process of "BRRR".