JF3243: Jim Fredo — Applying the BRRRR Method to Multifamily, How to Know When It’s Time to Cash Out and Refinance, and How to Source Adequate Contracting Work

<p>Jim Fredo is the key principal and founder of Spring Capital Partners, which employs the BRRRR method to add value and refinance funds quickly, holding long-term for cash flow. In this episode, Jim shares his business plan and timeline for cash-out refinancing on multifamily deals, what he learned from a recent 28-unit purchase, and how he’s overcome the biggest struggle of finding adequate contractors to cover the renovations.</p> <p> </p> <h2>Jim Fredo | Real Estate Background</h2> <ul> <li>Key principal and founder of Spring Capital Partners</li> <li>Portfolio: <ul> <li>97 doors <br /> Single-family rentals and multifamily</li> </ul> </li> <li>Based in: Pittsburgh, PA</li> <li>Say hi to him at: <ul> <li><a href="http://springcapital.partners" target="_blank" rel= "noopener">springcapital.partners</a></li> <li><a href="https://www.facebook.com/springcps/" target="_blank" rel="noopener">Facebook</a></li> <li><a href="https://www.linkedin.com/in/jim-fredo-5133368/" target="_blank" rel="noopener">LinkedIn</a></li> </ul> </li> <li>Best Ever Book: <a style="font-style: italic;" href= "https://www.amazon.com/Cant-Hurt-Me-Master-Your/dp/1544512287" target="_blank" rel="noopener">Can’t Hurt Me</a> by David Goggins</li> <li>Greatest Lesson: Be creative, but don’t force a deal.</li> </ul> <p> </p> <p><strong>Click here to learn more about our sponsors:</strong></p> <p><a title="Techvestor" href="https://techvestor.com/" target= "_blank" rel="noopener">Techvestor</a></p> <p><a title="Innago" href="https://innago.com/bestever/" target= "_blank" rel="noopener">Innago</a></p> <p><a href="https://capital.thebamcompanies.com/" target="_blank" rel="noopener">BAM Capital</a></p>