Home Equity Loan

How to record a “BRRR” Investment In QuickBooks Online! (Buy, Rehab, Refinance, Rent)





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One of my favorite investment strategies is the “BRRR” method! (That’s Buy, Rehab, Refinance, Rent). But how do you deal with all of that in QBO? This video answers that exact question! I demonstrate how to record the purchase of a property with a hard money lender, renovate using a construction loan and refinance with a conventional bank! Enjoy!

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6 comments

  1. Hi, Thanks so much for this. You've been a huge help so far. I'm just getting started in my RE, and learning about bookkeeping. I was wondering what you would do if you would pay your contractors first and then only afterwards get the reimbursement from the escrow?

    Reply
  2. I have a question. Where does my newly developed equity go ? Scenario. I am all into a project for 75k, the new appraisal is 100k, I take a loan out for 75% LTV. I have now, a 75k Loan, and a 25K equity position. Does this not get reported on that same journal entry? if so, can you show what that looks like, please!

    Reply
  3. Hey! Could you tag the video where you create the products and services? I'm not sure if I' m just a dolt haha, but I can't seem to find it. Thanks man!

    Reply
  4. I have the quickbook desktop version for mac 2020. Can I do everything you show in this video? I am finding a dead end when I try to get to expenses /products/services

    Reply
  5. Instead of using classes for this could you use customers? Considering your number of classes are ultimately limited.

    Reply
  6. Hello, Do you have to step up different QB subscriptions for each Rehab property?

    Reply

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