BRRRR strategy – How do you create generational wealth and leave your legacy at the same time?
September 1, 2021
How do you create generational wealth and leave your legacy at the same time? Once you have your own financial requirements met and have set aside a nest egg for the future, it’s time to think about building wealth that you can leave for the next generation or that you can use to promote the causes and the people you care about. One good way to build generational wealth is by investing in real estate. Norfolk Capital’s Fix and Flip program makes it easy to do this without investing a lot of your own money.
About the Fix and Flip program
Norfolk Capital’s Fix and Flip loans are designed to give the capital you need to quickly acquire homes, while still having the resources you need for remodeling. We understand that good real estate deals don’t stay on the market for long, so we want to make it possible for you to act quickly and to take advantage of opportunities where you find them.
Our Fix and Flip loans…
- Are able to cover up to 90 percent of the property acquisition and remodeling costs
- Can close in just a few days
- Have no early repayment penalty
- Are designed as interest-only loans, to keep your monthly payments low while you are working on remodeling the property.
Step two: refinance or sell
Once you’ve completed your remodeling project, you have the option to “flip” the home for a profit or keep it and collect rent, a great way to build a passive income flow. If you decide to keep the property as part of your portfolio, you’ll want to refinance the loan into a lower-interest, conventional property loan.
About Norfolk Capital
Norfolk Capital is a Boston-based private funding source that focusing on real estate investment. We operate in 37 US states and has financed more than $100 million of real estate projects in the 20 years we’ve been in business. We believe in the power of real estate to fuel wealth building and want to make it easier for investors of all sizes to take advantage of the many opportunities that real estate investing offers.
To learn more about Norfolk Capital’s Fix and Flip program can get you started on the path to building generational wealth, contact us today. We have decades of experience as developers ourselves, so our team understands what it takes to succeed in the capricious and competitive real estate market.
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