Podcasts about brrrr strategy

In this episode of the Investor Fuel Podcast, host Leo Wehdeking speaks with JT Smith, a seasoned real estate investor who specializes in the buy and hold strategy. JT shares insights on his approach to real estate investing, the importance of understanding market dynamics, and the lessons learned from a challenging deal. He emphasizes the value of authenticity in building relationships and the need for continuous learning in the industry.     Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

In this episode of the Real Estate Pro Show, host Erika interviews Burton Newcomb, a successful real estate professional who shares his journey into the industry, his investment strategies, and the importance of partnerships and team management in real estate. Burton discusses his experiences with the BRRRR method, navigating the real estate market, and lessons learned from deals that didn't go as planned. He emphasizes the need for equity, reserves, and a solid team to succeed in real estate investing.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Thach Nguyen breaks down why ADUs are reshaping the future of real estate investing. By pairing this strategy with BRRRR, he reveals how investors can multiply equity, create cash flow, and build long-term wealth without relying on outdated methods. Packed with real deal examples and a clear path for scaling, this episode will change the way you think about investing. Use Code “SBTW50” For 50% Off Thach's Upcoming Event:www.SpringboardBigEvent.com/Event KEY TALKING POINTS:0:00 - Intro0:45 - Why ADUs Are So Powerful In Today's Market2:37 - Are ADUs Coming To Your City?3:37 - What Is An ADU?5:24 - The 4 Stages Of ADU6:35 - The Power Of The BRRRR + ADU Strategy8:10 - A Real Example Of An ADU Deal10:33 - The Power Of Compound Appreciation12:10 - What's Stopping You From Getting Started In Real Estate?14:54 - Outro LINKS:Instagram: Thach Nguyenhttps://www.instagram.com/ThachNguyen/ Website: Springboard To Wealthhttps://learn.springboardtowealth.com/adu Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

What does it take to scale from a house hacker to owning 75 rental units—without deep pockets and during a high-interest rate environment? In this episode, Jesse Lang breaks down her journey from “accidental landlord” to full-time real estate investor. Starting with a $92,000 condo in Austin, TX, she began house hacking before moving into long-term rentals, wholesaling, and eventually mastering the BRRRR strategy (Buy, Renovate, Rent, Refinance, Repeat). Jesse shares exactly how she built momentum, how she leveraged private money and hard money lenders, and why she's tripled her portfolio in just a few short years—all while managing properties remotely with a lean team in Columbus, Ohio. You'll learn: How Jesse used house hacking to get started The pros and cons of wholesaling vs. holding Her approach to raising private capital (including converting sellers into lenders) How she systematized her BRRRR process to scale fast Why she prefers the Midwest and how she built her team How she gets 100% of her deals funded using other people's money How DSCR loans let her scale beyond 10 properties Plus, Jesse shares her favorite life-changing habit: The Miracle Morning. Whether you're just starting out or trying to grow your portfolio, this episode is packed with tactical advice you can use immediately. Find out more: Join our FREE Facebook group!: https://www.facebook.com/share/g/1KdpUzVbKG/ Instagram/TikTok: @jessielangofficial Youtube: @unlockedrentals BRRRR Mini Course:  https://www.unlockedrentals.com/minicourseoptin Cell #: 614-368-7391 ---------- Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

In this powerful episode of The Mike Litton Experience, we're joined by Jessie Lang, an inspiring real estate investor who made the bold leap from a traditional W2 job to building a thriving real estate portfolio—now owning over 70+ rental units. Jessie breaks down the BRRRR strategy (Buy, Renovate, Rent, Refinance, Repeat) with real numbers […]

Micah Johnson has seen nearly a billion dollars in real estate sales, the crash of canceling 33 deals in one day, and the lessons that come from coaching top investors across the country. In this episode, he breaks down the three paths every investor falls into—CEO, Freedom, or Hobby—and shows how one simple shift in perspective can guarantee your success in real estate without losing yourself in the process. KEY TALKING POINTS:0:00 - Micah Johnson's Background In Real Estate4:33 - The Three Categories Real Estate Investors Fall Into4:52 - The CEO6:40 - The Freedom Seekers10:01 - The Hobbyists13:07 - Knowing Where You Should Be13:53 - Outro LINKS:Instagram: Micah Johnsonhttps://www.instagram.com/micahjames07 Website: The Collective Flowhttps://www.thecollectiveflow.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

mmiIn this episode of the Investor Fuel podcast, host Michelle Kesil interviews Dustin Fronk, a successful investor in the low-income housing sector. Dustin shares his journey from e-commerce to real estate, emphasizing the importance of securing good purchase prices and focusing on cash flow. He discusses the challenges he faced, including government regulations and property management issues, and how he overcame them. Dustin also outlines his future goals, including expanding his portfolio and collaborating with others in the industry. Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

In this episode, Lady Landlords founder, Becky Nova breaks down the BRRRR strategy—Buy, Rehab, Rent, Refinance, Repeat—as a powerful way for real estate investors to grow their portfolios without constantly saving for new down payments.===

Let Us Know What You Thought Of The Episode It's getting harder to make the numbers work in real estate right now. Rents are tight, interest rates are up, and traditional rentals just aren't cutting it for a lot of investors.That's why this episode of the Savvy Investor Podcast is a must-listen. Host Michael Ponte sits down with Trang Tran, who's putting a creative spin on the classic BRRRR method — by mixing it with short-term rentals. She calls it the Air B and BRRRR strategy… and it's a game changer.Trang's taking tired, underperforming properties, fixing them up with Airbnb in mind, pulling most of her money out through a refi, and ending up with high-cash-flow rentals that actually work in today's market.We get into:How she finds deals that fit this hybrid modelThe design moves that get her top-dollar bookingsHer exact numbers on cash flow and refiHow she handles the guest side without being glued to her phoneWhat to watch for with new short-term rental rulesIf you've been stuck looking for better returns or wondering how to stretch your capital further, this is the kind of episode that'll get the wheels turning.Follow Trang on Instagram: https://www.instagram.com/empowher_investments/Learn More About Our Trusted Partner- FrontLobbyFrontLobby is a platform designed for Landlords, Property Managers, and Renters. Our mission is to improve the rental industry for everyone. We believe in creating a win-win scenario where Housing Providers and Renters prosper.Would you like to learn more? Visit:https://thesavvyinvestor.ca/front-lobby Savvy Investor Links:Website: https://thesavvyinvestor.ca Instagram: https://www.instagram.com/savvy_investors YouTube: https://www.youtube.com/@thesavvyinvestorJoin our FREE Savvy Investor Facebook Community:  https://www.facebook.com/groups/341243106757064Disclaimer: The views and advice expressed on this podcast are those of the participants and do not necessarily reflect the opinions or beliefs of the podcast host or affiliated parties. The content is for entertainment purposes only and should not be considered as professional financial, legal, or investment advice. Listeners are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. The podcast host and producers are not responsible for any actions taken based on the information provided.

Register here for the live online event to learn about ‘Unlocking BRRRR Deals in Little Rock on Thursday, July 17th at 8PM Eastern. Keith discusses the competitive nature of short-term rentals (STRs) and the need for hosts to offer luxury amenities to attract guests. Long time investing pro, Alex, joins us to cover the BRRRR strategy in Little Rock, Arkansas, an investor-advantaged market, emphasizing its low property taxes and stable cash flow. They explain the BRRRR process, including: buying, renovating, renting, refinancing, and repeating.  The strategy allows investors to scale their portfolios with minimal initial capital, offering a 0% management fee in year one and 4% in year two.  Resources: Register here for the live online event to learn about ‘Unlocking BRRRR Deals in Little Rock on Thursday, July 17th at 8PM Eastern. Show Notes: GetRichEducation.com/561 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE I'm your host. Keith Weinhold, anymore when you own short term rentals like Airbnbs and vrbos, you are in an all out arms race competing to provide amenities like never before. Then what happens when you take the popular burr real estate strategy and overlay it with one of the most investor advantaged markets in all of America. It's a lucrative opportunity. You'll see how and why today on get rich education.    Keith Weinhold  0:32   Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows, an A plus rating with the Better Business Bureau, and now over 5000 houses renovated their zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis. Get to know mid south enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid southhomebuyers.com   Speaker 1  1:58   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  2:14   Welcome to GRE from North Conway, New Hampshire to North port, Florida and across 188 nations worldwide. I'm Keith Weinhold, and this is get rich education, happy July, the second half of the year. And my favorite month of the year is your Airbnb fancy enough, because anymore STRS short term rentals have gotten so competitive that hosts treat their properties like white lotus level hotels. Now, STRS were never passive, but they become even less so it is active income. Once upon a time, Airbnb hosts could just sort of drop a few colorful throw pillows on their fold out couch and make a killing. But no more those days are so far gone. The STR game has changed drastically. I mean, you used to be able to list a basic home with generic furniture that you got at Costco, minimal amenities, no Wi Fi, and still get it booked, but today, it will sit empty unless you offer more than just a place to sleep. You have to build an experience for Airbnb guests. Now, increasingly, hosts are doing things like adding outdoor kitchens, arcade machines, putting greens, even basketball. And now, though these upgrades do cost a lot up front, they can pay off. These amenity types can double your nightly rate, but they come with more responsibility and more to maintain. I mean, more guests are expecting a flawless experience. The trend is that Airbnbs are becoming full scale hospitality operations, and if you don't treat it like one, you're going to fall behind. So simply having a nice house that just no longer cuts it, running a short term rental today is nothing like it was even two or three years ago. You used to be able to stand out with a decent bed and colorful throw prolos, but now guests are basically comparing your place to boutique hotels. Hosts are deeply investing in design, forward furniture, layered lighting and featuring spaces that some market as what they call moments like cozy reading corners in these luxurious bathroom setups, adding things like welcome guides and even complete brand identities with a proper. Name and even a logo and a story to give the place some personality, even writing up a history for your property, even if it's not that historic. Now, these sorts of tactics, they actually do, seem to work. Guests will give you more bookings, better reviews, and guests even share the space on social media like it's somewhat of a lifestyle destination now sometimes STR hosts, they team with these other platforms to add welcome champagne in ice buckets on site, sommeliers, private chefs, daily, housekeeping on demand. 24/7 textable concierges, heated plunge pools and other amenities through you partnering with some of these platforms and these upgrades don't come cheap. The publication called the playbook, they featured an STR in Sag Harbor, New York, where the property owner invested $85,000 into overhauling the landscaping and adding a James Turrell Inspired LED light installation. But overall, these improvements boost rental revenue by an average of 40% over what the property was collecting previously. All right, so this is a case study now, though, this STR trend of offering deep hospitality and luxury amenities has turned into more of a job and less about passive income. You know, really, this is free market capitalism, because this is competition to see who can provide the best service at the lowest price, but that's what it is. So this is making real estate less of a good and more of a service. Short term rentals soaring supply, day rate compression and AI driven pricing tools. That means that the just this all nice house with good photos thing that no longer cuts it. It is an amenities arms race now, and of course, this is a national trend. It doesn't mean that it's happening absolutely everywhere. In some places, hosts are able to charm guests simply with something like a freshly baked loaf of banana bread, but the consensus is whether they spend a little or a lot, Airbnb hosts unanimously say that they've got to work harder in order to keep guests happy. It's become more of a business and less of a side hustle than it used to be. You've got more hosts leaning into higher upfront investments because they know guests will pay for a sort of turnkey, Instagrammable experience. And this really is a classic early adopter issue, just like a lot of things, Airbnb launched in 2007 by the way, so this sort of first wave of Airbnb hosts back around 2012 to 2015 they were riding a blue ocean back then. There was virtually no competition. There weren't any standards, and there were plenty of bookings, and that made a lot of hosts pretty fat and happy. But that's not where we are now, really. The bottom line is that in many markets, short term rentals have transitioned from partial passivity to all out hospitality. That's the Airbnb arms race. The average Airbnb nightly rate for North America. Do you care to venture a guess at the average nightly rate? It is approximately $216 per night, and that right there is up 26% from 2020 so it is not up as much as house prices over that five year period from 2020 really, the Airbnb rate is up about as much as the long term rental rate.    Keith Weinhold  8:58   While we're talking numbers a quarter recently ended. Let's hit on our asset class rundown. What's happened to home prices in the past year? Well, when you aggregate all these sources, Zillow, Freddie, Mac case, Shiller, FHFA, in totality, home prices are up 2% single family rents are up 3% apartment rates are down 1% due to their oversupply. The 30 year mortgage rate was 6.9% a year ago, and it's 6.8 now. CPI inflation is 2.4% expressed in year to date terms. Now the SP5 100 is up 5% in the first half of this year, ending near 6200 the dollar is down. That means that it takes more of them to buy gold, which is over $3,300 an ounce, gold is up 27% just from the start of this year, and the oil price is still depressed in the 60s. Per dollar for a barrel, Bitcoin still strong, ending the quarter at 106kthat's your asset class rundown, which we do about quarterly.    Keith Weinhold  9:57   Hey, I really enjoyed meetingside. Of you on this year's terrific real estate guys Investor Summit at sea was concluded about a week ago. It was two days on land in Miami, followed by a week of conferences and fun aboard a Caribbean cruise ship. I really got to meet you and get to know you, because we had nine days together, and as one of the faculty members, I hosted a table at dinner every night, and each night the attendees rotated around to my table, so I got to meet a lot of you and really get to know you, and you got to know me. Yeah, it was as interesting for me to meet you in person, perhaps, as it was for you to meet me, because I like to hear what you're doing in real estate, investing, in everything else. I gave a main stage presentation that was almost an hour of all me, all GRE and also served on five different panel discussions. Oh, it's such a unique event. Get this, I was kind of dressed up to give my main stage presentation, which so many of you, by the way, told me afterwards, that that was your favorite presentation of them all, all week long, because each faculty member made a main stage presentation. But what I want to tell you is, just a few hours after I presented, on the cruise ship, I was shirtless in the water throwing a football around at the beach in St Thomas Virgin Islands. What an event. Fantastic to meet a number of you in person. So far today, I hope what I've shared with you has been informative. Next. It's something informative and really actionable that you can make lucrative that's next. I'm Keith Weinhold. You're listening to get rich education.    Keith Weinhold  11:45   The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Caeli Ridge personally, while it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com.    Russell Gray  12:16   You know what's crazy your bank is getting rich off of you, the average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lock ups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66866, to learn about freedom. Family investments, liquidity fund again. Text family to 66866.   Russell Gray  13:30   Hi. This is Russell Gray, co host of real estate guys radio show, and you're listening to get rich education with Keith Weinhold, don't quit your Daydream. You Keith,   Keith Weinhold  13:38   welcome back to get rich Education. I'm your host. Keith Weinhold, we're talking to a guest not only about an investor advantaged market, but when you overlay a certain strategy with it, this can be highly lucrative for investor returns, and we're with a long time investing pro Alex, welcome onto the show.    Alex Craig  14:04   Hi Keith, thank you.    Keith Weinhold  14:05   Well talking about top US cashflowing market, let's get right to it. Tell us about yours.   Alex Craig  14:11   Little Rock, Arkansas. It's a market that we've been in since 2012. I personally invest there. I've got about 75 doors of multi family, single family. And the reason why it works is just cash flow. Over the years, we've had investors from around the country that have owned portfolios where maybe they're somewhere in Phoenix or Dallas, where they're kind of speculating. This is not a speculation market, and that's why it works for myself. It's consistent. It's very linear, and linear is a word that we use a lot to describe. And if you're going to be a cash flow investor, and that's why I'm in it, it's you want a linear market. You don't want ups or downs, and then you want to make sure it's a growing market too. And Little Rock checks all the boxes of what you would want in a stable cash flow environment market.   Keith Weinhold  14:57   And I think a lot of our investor listeners are. Already pretty keen on that. You get a high ratio of rent income to purchase price. You have laws that heavily favor landlords over tenants. But Alex, in today's environment, people are more conscious about rising operating expenses and higher mortgage expenses, and that's really one advantage that Arkansas can give right now, is with those low property taxes   Alex Craig  15:20   Keith,it's so interesting you mentioned that because I did have a conversation with a client of ours that had a property in another market that he had mentioned how his property taxes had gone up and gone up substantially, which that's to expect. I mean, after COVID, there was a lot of markets saw a huge boost, especially with markets that saw hedge funds come in. Hedge Funds, I believe, ruined a lot of markets, raised the prices. And another reason I like Little Rock, it flies under the radar. You think is Little Rock is a small market, but it's really not. It's, I mean, the population of the city is 250,000 but the metro area, which is a 50 mile radius around Little Rock, is much bigger. And the entire, not only the entire market, metro area, feeds off little rock, really, the entire state does too. But that being said, because it's floating under the radar, the property tax have remained low. They've taken a little bit of bump over the years, because the values steadily go up, but they started low anyway. So with operating costs of insurance, insurance has gone up for a lot of for my own properties in other markets, it's going up, and it's going up in Little Rock too. I mean, it's just the name of insurance, but property taxes have remained low. They've always been low, and that's really a big help as to why this market works for us.   Keith Weinhold  16:30   Talking about flying under the radar, you're talking about, therefore evading a lot of that hedge fund money. Tell us more about the market and some of those anchors and drivers.   Alex Craig  16:40   It's a blue collar town. You've got logistics. Is a market, or is a segment of the industry that has really come on strong over the last few years, Amazon has really put a footprint in the market. Healthcare is a huge, huge market, like I mentioned earlier, not only does the region feed off the direct to the entire state, it's the hub of healthcare for the entire state of Arkansas, of course, it's government. Government provides a lot of jobs. The good thing about government jobs is they're maybe not on a national level anymore, but on a local, state level, they're very it's hard to get let go from a government job, unless now, not on a federal level, but it's very steady, so a lot of steady blue collar jobs, and that's what you want for a strong resident base, especially in the type of properties and 1000 to $1,200 price range, you want those blue collar study growing jobs.   Keith Weinhold  17:31   Yes, you do have those there. It's funny. I'm smiling a bit because I used to be a state government employee, and there's just no way that they ever would have fired me. I was so protective I had to quit in order for them to have to replace me at that job. I'm wondering about the new supply that's come on, Alex, because a number of markets have added supply. I know, for example, that Redfin reports that little rock median home price appreciation is up 7.3% year over year, and with the dynamics going on in the market recently, that typically tells us that there hasn't been that much new supply added. Is that what's going on there?   Alex Craig  18:11   No, there hasn't been a lot of new supply. I just think with little rock and every other market, the mortgage rates have gone up. Home ownership is down during COVID. It was really hard to get an investment property. For what we did, sending out our list every week. It was basically send out our properties, people hitting send and not even knowing what they were reserving. Rates were just low, right? Everybody's jumping in. It was hard to get inventory. So now what we have is, you know, higher rates that scares some people off. It pushes some people out on the market, but it also creates opportunity. I feel like this is the easiest time I've been investing in real estate since 2007 that was the foreclosure crisis, Great Recession, and it was a lot of foreclosures on the market, and that's how I built a big chunk of my portfolio. But now it's just a matter of there's not as many people in it. So for us, there's just more acquisitions for us to go out and get. There's still distressed homes on the market where individuals don't want to hire a realtor, they just want all cash offers. They're ready to get rid of them, and that's where we step in. And without as much competition like I said, we kind of fly under the radar. I feel it creates more just supply inventory for us and for me as an investor, but also for our clients too   Keith Weinhold  19:23   with that in mind, and again, a lot of our audience is already on board, knowing that little rock in Arkansas is a good cash flow market with stable, long term fundamentals, but in order to make it more profitable, you've overlaid it with a certain strategy there in Little Rock. Tell us about that.    Alex Craig  19:45   So the BRRRR strategy, yes, it's able to work now because there's not as many buyers in the market. So basically, the way the burrs strategy works is we acquire a property. I'm just going to use very round, simple numbers for simple math makes it easier on me   Keith Weinhold  19:58   and we're talking the BRRRR. Strategy that's buy, renovate, rent, refinance, and repeat. Those are the five investor steps.   Alex Craig  20:07   correct. And so that's what we do, is we buy. Let's just say the B. Let's take the B, for example, we buy a home, and we buy it for 60,000 where I'm just talking like if I own the home, and then I put $20,000 into the deal. So now I'm all into it for 80,000 and you have to remember, there's some in between, cost of closing costs. I'm just talking just very general strategy. You buy it for 60, you put 20 into it, and all of a sudden you're in it for 80, and the value comes back at 100 so you're in it for 80% of the after repair value. Most Fannie Mae lenders will do 75% so if you purchase a house outright, you put 20% down, but if you are doing a refinance, you're able they'll do it at 75% so instead of buying a home and putting it down payment upfront, you're using equity in the deal. And that's what the burst strategy is, buy renovate. So we buy it, we renovate it, we refinance it, we rent it out, and then you repeat it. So it allows for investors to scale their portfolios quicker and stretch their money a little bit further. So if you've got, I've got $50,000 and I want to invest in real estate, if you purchase a home, you're bound by the down payment. Once you put that down payment, it's, I wouldn't call it sunk cost, but that money's gone for reinvesting. The burr model allows you to stretch that money a little bit further. Now, like I said, I gave pretty basic numbers to the deal, but that's what you're going for. Some equity in the deal, and that's what we're able to provide for ourselves and for our clients.   Keith Weinhold  21:38   So let's review that numbers on a little rock burp, making a $60,000 purchase with a pre renovated property. Then the investor puts another 20k into it for the renovation. So now they're all in for 80k and they get a 100k appraisal on that property, and then they can borrow, say, 75% of that there, that is the refi portion, the fourth letter of the BRRRR acronym. So therefore they've got 80k into it, and they got 75k back, meaning they would only have 5k into it, but maybe another 5k for closing costs, and now they only have 10k in to a 100k property. That's the appeal. That's what we're talking about here with the BRRRR   Alex Craig  22:22   strategy. I mean, you're exactly right. And as I mentioned, I use some really basic numbers, because when you're using, you know, 100,060 and 20 makes them very basic. It's pretty hard to find out a deal worth 100,000 these days, even when we started in the industry, 100,000 was a pretty cheap after pair value. Probably the mean value of the homes that we're dealing in is probably about 140 to 140 to 160 but same principle, based on those same logic that what we just talked about, I wouldn't say, you know, five or 10k out of pocket, but if you're talking about purchasing a deal with 25% down versus doing a bur you're probably going to be in it at 15% Out of pocket costs 10 to 15% as opposed to putting a down payment of 25% but the big thing is, you're getting money back, and you're not putting as much so just it's great for scale. I don't know if you'll talk about DSCR lending very much on your show, but that's something that a lot of our clients, and that does 80% so we have a lot of clients going that route now too.   Keith Weinhold  23:21   Okay, so you could do 80% with debt service coverage ratio loans, but to drop back in our example, to help be clear, the investor has 80k of their own skin in the game into the property, 60k for the purchase, 20k for the renovation, even though they only have 80k in it appraises for 100k that ARV, that after repair value. Why is the after repair value 100k when you only have 80k into it? Why is it more?   Alex Craig  23:49   that's based off comparable sales? So when you're in it at 80, and you're going to refinance it through a lender, they're going to send an appraiser out, and appraiser is going to pull comparable sales within that neighborhood. So just because you're in an 80 the appraiser is going to go pull three comps, very similar to that home. So if we're selling a three bedroom one bath, they're going to pull three comps at a three bedroom one bath, relatively the same size look, if it's got a carport, they're going to try to find three houses with the carport. So in theory, that's what they're doing. They're pulling comparable sales and developing new value based on recent sales.   Keith Weinhold  24:23   So it's that you have this knowledge to buy in neighborhoods and buy in certain sub markets, where, when you know that capital is added and renovations are made and a rehab period that they do tend to appraise for that value based on the comparables that are already there.   Alex Craig  24:40   Yeah. I mean, if we were to take the same house at 60,000 and didn't do any work, he would then say, well, you've got some comparables here versus 100 but you could never sell this home for 100 these are the things you have to do, and that's what we do during the first R the renovate of the acronym is to renovate the home to the condition that the. Appraisers feel that are comparable for the neighborhood, and that's a real important part, is comparable to the neighborhood. We could go in and put in a Jacuzzi tub and grain of countertops. We actually, we do put a lot of grain in, because we get it so cheap. But you could go in and fix it up to the nines, but it's not going to appraise for any more than the others, because the appraiser would say, we over improved it. So we improve it to what we know, what the kind of the standard for the neighborhood? Because you could over improve these things for sure and not get that return on that investment.   Keith Weinhold  25:28   That is a great answer. There is a specific improvement target that you know that needs to be hit. Tell us more about this burr process, because to an out of area investor, it can sound pretty intimidating if they had to manage contractors remotely themselves,   Alex Craig  25:43   there definitely is a need to have a team on the ground that you trust, that you feel comfortable with, and that's what we've done. I've been doing it in multiple markets for myself since 2007 and we built into a business model in 2010 like I said, expanded Little Rock in 2012 and we've been doing this for 15 years now for other investors. So we've got that name and that reputation of taking care of our investors, that's the important part. And we do see a lot of investors get burned, because you can find a realtor to go to help you find deals, but usually the realtor relationship is thesis to end. It's okay, I found you a deal, but then there's so many other things afterwards, and the renovations, where I see so many people get burned, and you know, we manage approximately 1200 homes between two markets, and that's where I see when property owners come to us, they've been burned the most. It's like they've paid somebody $50,000 they didn't finish the job, they didn't do what they say they're going to do. So the renovation that we're the team on the ground, we've got a in House Project Manager, we've got a network of subcontractors. We tend to act as the contractor, subbing things out. We've got in house property management. We've got all the tools, but it's really between both. In the markets in which I operate. I've got about 30 employees within property management, renovations, acquisitions, so the team on the ground is and then the back in the property management part is the long, ongoing accountability. So if something doesn't work out, that's the way we said it. If we say it's going to rent for 1200 and we rent it out for 900 Well, we really got a big egg on our face. You do a few of those, and that's how you don't stay in business anymore. And there's, and I like to say, about every five years the market corrects itself into getting the wrong players out of the business. COVID was super easy, easy to find deals, easy to sell deals. But once the market changed and it became a little more competitive and rates rose, that's the people that have been around for the long time, been in it for the long haul, that stick around. They've got the established business model and their reputation. So every five years, a good correction in the market eliminates those bad players.   Keith Weinhold  27:47   So you have this vetted, proven in play system that investors can get into besides just identifying the property, it comes with that system, those contractors or that investor just has one point of contact with you there for updates on the renovation.   Alex Craig  28:03   Yeah. I mean, I feel like we know these neighborhoods. I like I feel we know these neighborhoods like the back of our hand. We've been investing in them for a decade plus, and we know the areas you want to be in, the areas you don't want to be in. And we have a lot of investors will call us either they already own the property or they're a current client, and they'll say, Hey, I could get this deal for 30,000 and it's worth 100 and I'm like, Well, that sounds too good to be true, especially if it's on the open market. If it was that good of a deal, it's already gone. We just know the market, where to be. We know what to pay. We could, pretty much just through our experience, identify a house we know probably within about five to 10% before we even dive into comparable sales of what it's worth. We could walk through a house within probably about three to five minutes and peg the renovation costs probably within about 10% now we still order an inspection, and that's where we uncover the things that we can't see, that maybe there's a bunch of rotted out joist or a foundation problem that we didn't see. So, but there's things aside we could walk through and we pretty much know, okay, it needs a roof that's 7000 it needs an air conditioner that's six flooring, two. So that's the expertise that we bring and like. So then the management part of it, on the back end, that kind of ties it all together with accountability.   Keith Weinhold  29:22   And I know that your typical project renovation cost tends to be about 25k just for simplicity, we use 20k in that example, and your completion times are shorter than others that have inexperienced crews. So tell us about that typical renovation time. Alex.   Alex Craig  29:39   every day we're accomplishing 500 so 25,000 divided by 500 comes to 50 days, 50 days. So we'll knock that out in about 50 days. And we just have a large network of subcontractors that we've been working with for years. If you weren't in the business, I think that'd be really hard to accomplish, and there's just a lot that. Goes into it. I mean, the renovating the homes, it's the once, it's the worst, it's the hardest thing that we do. For sure, it's definitely the most scheduling, but it's where, if you don't know what you're doing, a great deal turns into, how do I get out of this?   Keith Weinhold  30:15   Right, absolutely. Now, in our example, we used where an investor puts 60k into it for the purchase to start with, because I see the burst strategy is a good strategy. If someone doesn't have a lot of capital, like they would for maybe a new build property, can one even finance that initial purchase amount?   Alex Craig  30:35   Yeah, so private lending. So that's the part that makes if you've only got 50 grand to facilitate this entire process, and you want to try to repeat it as many times as you can. 50,000 would not be enough just to pay cash. So yes, we have private lending. We set that up. Sometimes we lend it ourselves. Sometimes we outsource it to some of our strategic partners, but we'll lend the money to buy and renovate the home. A typical what that loan would look like it's about 3.3 points of loan origination. So if you've got an $80,000 loan, that's $2,400 most lenders do require for you to bring that up front, and now you're in it for an $80,000 loan at 12% which, five years ago, that sounded crazy to borrow at 12% but with for private lending, that's not bad at all, especially you want to get in and out of it quickly. So if we're renovating the home, and you know, 50 days, if you're already pre approved with your lender, and they have all your documents by the time we finish renovating the home, the appraisals lined up, and you could be in and out of these private loans in about 90 days. That love that depends on the lending side, that you're giving the lender what they need. But ideally you want to be in these things about 90 to 120 days. So $80,000 loan at 12% that $800 a month. So if you're in it for 90 days, 800 times 320, 700 plus the loan origination fee. But that's how you do it. That's the you're just borrowing money to finance the acquisition, the rehab and the refinance   Keith Weinhold  32:03   that is an option for you if you don't have the cash here to come in with these burr strategy properties. Alex, tell us more about it. Really, what I would like to know is, when an investor gets their appraisal, their after repair value, how many want to sell it for a profit, and how many want to hold it with a tenant for long term income   Alex Craig  32:26   so far, zero. Want to sell it for a profit. If you're all in it for add and then you're selling for 100 once you sell it, there are other fees involved. You got to hire a realtor. Right now is a great time to hold it's a slow real estate market. I don't think Little Rock from an aspect, is where home ownership is down. I think that's a nationwide thing. So I think if you're going into this, you certainly want to look at it from perspective. This is a buy and hold. I don't think this is the best market to get into to buy something. Flip it with a in the example, we use a $20,000 margin with buyer concessions, realtor commissions. That's a lot of work involved. And let's just say it did work out. You sold it for 100 but you had to pay 2% closing in an agent fee, and you got some holding cost. Let's just say you netted 8000 that might be good for a six month return, but I feel like there's a lot of risk. I feel like our job as what we do for our clients, is to minimize risk. So someone came and said, Hey, I want to flip it. I would say, Well, I don't think it's the best market for it right now. I think you want to get into this buy and hold.   Keith Weinhold  33:29   Yes, Alex has been doing this for a long time, and he's a specific expert right there in that local market. Buy and hold is a strategy that most likely makes sense. And he also strongly recommends pay cash if possible, instead of using that 12% short term private lending option, like he mentioned before, because that can cut out about four to 5k worth of transactional cost. And then if you do buy and hold what Alex and his company offer there in Little Rock is essentially a cash flow boost, 0% management fee in year one and only 4% in year two. So that gives you some extra cash flow runway as well. And Alex, before I ask you if you have any last thoughts, I want to announce to you the audience, that we have a live event virtually next week, on July 17, at 8pm eastern for Little Rock BRRRRproperties that Alex is CO hosting with our investment coach, Naresh, where you can find these bird deals in this cash flowing market. In Little Rock you'll see actual bird deals recently completed with full breakdowns of their purchase prices, sort of these case studies, where you can see some real numbers and what the rehab budgets are and what the actual timelines were, and what the refi outcomes were like, and explore BRRRR ready properties that are currently available to own, if you so choose, on this upcoming live event that you can attend from the comfort of your own home. Learn the full process, from acquisition to renovation to property management to the financing of them, and again, everything is all handled by local experts, so that you don't have to live with the nightmare of remotely managing contractors, which I couldn't imagine doing. So whether you're a first time investor or you're scaling your portfolio, this is your chance to get boots on the ground, insight and a proven road map to burr success and really one of the most accessible markets in the country. Again, Alex here is CO hosting the event along with GRE investment coach, Naresh Vissa. It is a free, live virtual event again next week, Thursday, July 17, at 8pm Eastern. Sign up is open now at gre webinars.com it ought to be great. Alex, teaming with local experts like you has been of real benefit to our audience. Do you have any last thoughts about either Little Rock or burrs or the events that you're going to co host with our audience next week?   Alex Craig  35:57   So here's my last thought, as you were, you know, kind of concluding and I was reviewing what we had talked about. And one of the questions we get sometimes it's a fair question. It's like, well, if this is such a great deal, why don't you keep all the deals? So we hear that from time to time, and the simple answer is, we do. We do keep a lot of deals, and we're buying more real estate now, like I said, I feel like it's the easiest time to get into real estate. So we do, we do keep a lot. We're building a very large portfolio right now, but the house flipping to investors is just another business model that we have. And Property Management too. And we love property management, and we love building investor relationships. We've had a lot of investors we've had been with us since day one that we've developed really tight relationships with. So yes, we do keep a lot of the properties, and we sell properties too, and we and helps us build our management company, which you don't hear too many people say this, but we actually love property management. That's a hard thing to love, but we actually like it.   Keith Weinhold  36:54   That is more weird than Tom wheelwright loving taxes, perhaps, but Right. But I want to deal with somebody that really loves what they're doing, especially when they're protecting our asset and probably more importantly, when it comes to property management, protecting our time. So that's right, Alex, well, our viewers and listeners are really looking forward to it next week, again, that live event Thursday, July 17, at 8pm Eastern is something that you can sign up for now at grewebinars.com. Alex, we're looking forward to it next week.   Alex Craig  37:27   Bye, Keith, thank you.   Keith Weinhold  37:34   Oh yeah. Terrific overview on why the burr strategy can be so profitable. And our event next week. Now, when you rent your primary residence, which you would typically do in a high cost area, and then you own rental property elsewhere, typically a low cost area, do you know what that's called? Yeah, there is a name for that. Last week we spoke to two listener guests in California that are doing just that. That is called rentvesting. And yes, Little Rock is surely a popular low cost market for rentvesting. I have been on the ground myself in Little Rock with Alex's associate to do an on the ground tour of properties. There you want to tap into a system where you've got the guiding hand of both experience and belief. That's what you're doing here. As like he said, Alex personally owns 75 doors there. That is belief, and he's been doing this for out of area investors for 15 years. That's the experience part real proof of concept at next week's event, you'll be introduced to this same system where you can lean on their team for acquisition, renovation and management. Little Rock has an MSA population of about 770,000 but I think more importantly today, savvy investors are conscientious of keeping their expenses down, and for good reason, since they've been up all over the place. Now, the purchase price is 140 to 160k for these BRRRR optimized single family rentals. Remember that we used 100k just for ease of an example there, usually when you buy income property, you're really in at close to 25% of the purchase price when you add up the down payment and closing costs, but this way, you're in for just about half of that at 10 to 15% another low expense is that property tax, statewide, Arkansas Property Tax is just 610 of 1% so that's half the national average. And then your management expense is definitely going to be low for the first two years, because it is 0% in year one and 4% in year two. And these are properties that you can actually be pretty proud of. You'll learn more about this. Scope of work with a renovation on the webinar, often granite countertops in the kitchen is a live, remote event. So this means that you can have any of your questions answered in real time. Should you have them? As you can imagine, demand is high for these properties, and this is a chance to get connected directly with the team that makes it happen. We might never get Alex on an event like this again, and is co hosted with our GRE investment coach, Naresh. It's next week. It's free, Thursday, July 17, at 8pm Eastern, 5pm Pacific. Sign up now, or your future self might not be able to forgive yourself. You can do that now at grewebinars.com Until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  40:56   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  41:19   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now just text. GRE to 66866, while it's on your mind, take a moment to do it right now. Text, gre to 66866   Keith Weinhold  42:35   The preceding program was brought to you by your home for wealth, building, getricheducation.com.

Former firefighter Ian Horowitz reveals how he transitioned from battling blazes to building wealth through self-storage investing. Learn why keeping it simple, leveraging passive income, and managing other people's money the right way leads to lasting success.See full article: https://www.unitedstatesrealestateinvestor.com/financial-freedom-journey-from-firefighter-to-real-estate-mogul-with-ian-horowitz/(00:00) - Introduction to The REI Agent Podcast(00:06) - Meet Mattias and Erica: The Hosts of The REI Agent(00:14) - Special Guest: Ian Horowitz, Firefighter-Turned-Real Estate Investor(00:24) - Keeping It Simple: The Power of a No-Nonsense Investment Strategy(01:14) - Showing Up: The Key to Success in Real Estate and Life(02:19) - From Firefighter to Investor: Ian's Journey Into Real Estate(04:58) - The Birth of a Real Estate Business: How Ian Started Investing(08:45) - Baltimore Investing: Challenges, Opportunities, and Market Insights(10:01) - From High-Stress to Financial Freedom: Transitioning from Firefighting to Investing(13:44) - Managing Stress: The Parallels Between Firefighting and Real Estate Investing(15:42) - The Weight of Responsibility: Managing Other People's Money(16:40) - The Leap to Commercial Real Estate and Syndication(18:35) - The First Big Deal: How a 76-Unit Apartment Opened the Floodgates(20:14) - Breaking Down the BRRRR Strategy at Scale(24:08) - Why Self-Storage? The Best Asset Class for Simplicity and Stability(26:13) - No Toilets, No Tenants, No Problem: The Perks of Storage Investing(31:20) - Accelerated Depreciation: Tax Advantages in Storage vs. Other Asset Classes(35:20) - Passive Investing in Syndications: Betting on the Right Jockey(36:28) - Favorite Books: Ian Recommends *Atlas Shrugged* and *Buy Back Your Time*(39:05) - Where to Follow Ian and Learn More About His Deals(40:01) - Closing Thoughts: Keep It Simple and Take ActionContact Ian Horowitz Equity Warehouse Facebook Instagram LinkedIn YouTube--Go to reiagent.com for more awesome content like this!

Discover how house hacking can eliminate your housing costs and accelerate wealth-building. Watch Dan McDonald explain leveraging properties, financing smartly, and turning your home into an income-producing asset.See full article: https://www.unitedstatesrealestateinvestor.com/the-ultimate-real-estate-shortcut-to-wealth-and-freedom-through-house-hacking-with-dan-mcdonald/(00:00) - Welcome to The REI Agent Podcast with Mattias and Erica(00:06) - Introduction to Guest: Dan McDonald, House Hacking Expert(00:24) - What is House Hacking and Why It's a Game-Changer(01:09) - Dan's Personal House Hacking Journey and Lessons Learned(12:05) - The Psychology Behind Real Estate Investing Decisions(14:54) - Understanding the Boston Housing Market and House Hacking Costs(18:49) - Why House Hacking Works Even in Expensive Markets(22:15) - Leveraging Debt, Building Equity, and Smart Investment Strategies(30:12) - HELOCs and the Power of Using Home Equity for Growth(35:08) - Dan's Passion for Helping Others Get Started in House Hacking(37:22) - Breaking Down the Numbers: Rent vs. House Hacking Costs(42:10) - The Reality of Finding a Duplex for House Hacking(44:57) - Short-Term and Mid-Term Rentals: Are They Worth It?(48:04) - The Importance of Having a Backup Strategy in Real Estate(50:45) - BRRRR Strategy and Using Equity to Fund Future Investments(54:00) - Final Advice: House Hacking as the Best First Step in Real Estate(55:00) - Dan's Recommended Books for Real Estate Investors(57:52) - Where to Follow Dan McDonald for More House Hacking Insights(58:37) - Closing Thoughts and Final Words from Mattias and EricaContact Dan McDonaldTotal Retreat SolutionsHouse Hack & HustleInstagramLinkTreeVisit reiagent.com for more great content!

Gus Ofili burned the fleet, left his 9 to 5, and built a thriving investing business. Learn how this REI Agent guest turned bold moves into generational wealth with a no-fear, all-in mindset. See full article: https://www.unitedstatesrealestateinvestor.com/from-burnout-to-buyouts-escaping-the-9-to-5-and-building-your-own-financial-empire-with-gus-ofili/(00:00) - Introduction to The REI Agent Podcast(00:06) - Meet Mattias and Erica: Hosts of the Show(00:14) - Mission of the Podcast: Bold and Fulfilled Lives Through Real Estate(00:18) - Let's Do This: Kicking Off the Episode(00:24) - Mattias Shares Graduation Celebrations and Family Milestones(01:04) - Reflections from the REI Summit Conference in Austin(02:11) - Using ChatGPT to Translate Family Core Values for Kids(03:07) - The Power of Intentional Parenting and Vision Setting(04:41) - Introducing Gus Ofili: From Burn the Fleet to Blazing Sales(08:41) - Gus's Corporate Start and Frustrations at Bank of America(13:56) - The Leap into Real Estate: Cashing Out the 401k(18:39) - Gus's First Year: 50 Transactions and Hustling 24/7(25:55) - The Referral Mindset: Hustle, Humor, and Outworking Everyone(29:27) - Social Media, Skits, and Closing Deals that Built Trust(30:48) - Transition into Investing: Lessons from Watching Flippers Win(35:33) - Buying a Five-Unit Property Instead of Just Listing It(38:28) - Managing Property vs. Managing the Managers(41:05) - Learning the BRRRR Strategy and Scaling with Confidence(44:02) - Lines of Credit, Discipline, and Controlled Growth(47:48) - Gus's No-Fear Mentality: Collecting Pawns for the Next Boom(49:17) - Timing, Interest Rates, and the Power of Holding Real Estate(51:10) - From Top Agent to Part-Time: Choosing Passive Over Active(52:57) - Golden Nugget: Real Estate Sales as the Gateway(54:10) - Recommended Read: Rich Dad Poor Dad by Robert Kiyosaki(55:31) - Learning by Podcast: BiggerPockets and Beyond(56:10) - Connect with Gus: @GusOfiliRealEstate on Instagram(56:45) - Final Thoughts from Mattias and Erica(56:56) - REI Agent Disclaimer and GoodbyeContact Gus Ofilihttps://www.gusofilirealestate.com/https://www.facebook.com/gusofilieradawsonhttps://www.instagram.com/gusofilirealestate/For more creative ways to accelerate your holistic wealth journey, visit https://reiagent.com

Megan Ahern lost $20,000 on her first real estate flip—and still went all-in. She and her husband moved into a travel trailer behind their properties, used VA loans to acquire rentals with zero down, and built deep relationships with local banks to scale. In this episode, she breaks down how she bounced back from early mistakes, where she finds private money, and how she built a 100+ deal portfolio from scratch. KEY TALKING POINTS:0:00 - Intro0:19 - How Megan Ahern Got Her Start In Real Estate3:13 - How They Did Their First Remote Flip & Lost $20K8:23 - Making $80K On Their Next Flip9:45 - Getting A VA Loan For Their Live-In Flip11:32 - Renovating Properties Without Contractors13:49 - What They Did After Making $80K On A Flip16:26 - The Types Of Loans They're Using Now & Finding Private Money21:27 - The Deals They're Doing & Financing26:42 - How They've Approached Market Shifts In Their Business30:37 - Is Real Estate Easier Now?32:37 - How Megan Approaches Interior Design With Their Flips34:06 - How Her And Her Husband Divide Up The Work In The Business35:18 - Her Favorite Tattoo And The Story Behind It35:54 - Where To Get In Touch With Megan & Closing Thoughts36:40 - Outro LINKS:Instagram: Megan Ahernhttps://www.instagram.com/the_tatty_investor/ Website: Megan Ahernhttps://www.tattyinvestor.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

Henry Washington couldn't even be on the mortgage for his first home—his credit was so bad he had to be removed from the loan. But instead of giving up, he fixed his credit, got resourceful with funding (including borrowing from his wife's 401k), and now owns 130+ rental properties and flips houses for $35k–$60k profit. In this episode, Henry and his wife Jessica share the full story of how they scaled, why they're focused on paying off assets, and how they're adding land splits, spec builds, and short-term rentals to the mix. KEY TALKING POINTS:0:00 - Intro0:30 - Henry Washington's Business1:33 - The Story Of How They Got Started7:38 - Fixing Your Personal Credit10:42 - Getting Their Second Investment Property13:55 - Why He Stopped At 100 Rentals18:01 - Their Numbers With The Flips They're Doing21:05 - Working Together In The Business & Their Flip Designs23:31 - Their Plots Of Land26:01 - Posting On Social Media To Get Deals27:38 - The Spec Home They're Looking To Build & New Focuses For Their Business30:45 - What They Want People To Learn From Their Story34:09 - Incorporating AI Into Their Business35:34 - You Can't Time The Market36:31 - What They Were Doing Before Real Estate40:39 - Close Calls With Deals45:56 - Where To Find Henry46:21 - Outro LINKS:Instagram: Henry Washingtonhttps://www.instagram.com/TheHenryWashington/ Website: Closing Table Mastermindhttps://seeyouattheclosingtable.com/home Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

In this conversation, Brett McCollum interviews Brady Boyer, who shares his journey into real estate investing, focusing on the BRRRR strategy. Brady discusses his early influences, the challenges he faced transitioning from college to managing properties, and the importance of family involvement in his real estate ventures. He emphasizes the significance of financial literacy and strategic planning in achieving success in real estate, while also outlining his future goals and the lessons learned along the way.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

$100M investor Thach Nguyen says we're at the start of the next big run — and most people are missing it. In this episode, he shares the overlooked real estate strategy he's all in on, how he builds without syndication, and why this moment feels like Bitcoin in 2010. KEY TALKING POINTS:0:00 - Intro0:36 – What Thach Nguyen's Business Looks Like Today1:46 – Why He Does BRRRR & Single Family6:58 – Why He Doesn't Do Syndication Anymore13:37 – Tips For Dealing With Stressful Times In Business18:32 – The Market Cycle Clock22:50 – The Microwave Mindset27:57 – Thach's First Deal30:10 – The Balance Him And His Wife Have Now & Teaching His Kids33:58 – How Thach Finds His Deals37:17 – The Importance Of Growing With Your Partner38:57 – Being Homeless In The United States41:51 – Thach's 8 Core Values44:55 – What Brings Thach Joy47:36 – Why Thach Preaches Living A Balanced Lifestyle53:39 - What He Would Do If He Had To Start From Scratch58:58 - Investing In Stocks1:01:10 - Is Another Housing Crash Coming?01:03:14 - Outro LINKS:Instagram: Thach Nguyenhttps://www.instagram.com/ThachNguyen/ Website: Springboard To Wealthhttps://learn.springboardtowealth.com/adu Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: https://coachcarson.com/rpm  

Camron Cathcart had just $100 in his bank account when a medical emergency pushed him to change everything. Fast forward five years, and he's built an $18 million rental portfolio, flips dozens of houses annually, and runs it all remotely from Maui. In this episode, David uncovers how Camron made the leap—by mastering networking, staying laser-focused, and never losing sight of the life he wanted for his family. KEY TALKING POINTS:0:00 - Intro0:17 - An Overview Of Camron Cathcart's Business1:13 - How He Got His Start6:09 - Starting With Wholesaling9:06 - The Skills You Need To Find Success In Real Estate10:14 - How He Found Hedge Funds To Buy His Deals12:58 - Running His Business From Maui15:00 - Dealing With A Tougher Market17:15 - His Rental Portfolio20:09 - Building Out The Private Money Side Of His Business22:46 - Where He Plans To Take His Business26:48 - The Ethical Way To Wholesale29:21 - What Living In Maui Means To His Family36:34 - What Kept Him Consistent In Real Estate42:16 - Other Ways Than Meet-Ups To Connect With People45:04 - Outro LINKS:Instagram: Camron Cathcarthttps://www.instagram.com/cam.cathcart/ Website: Revel City Homebuyershttps://revelcityhomebuyers.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

In this conversation, Dylan Silver interviews Nick Sehy, a real estate investor who transitioned from a software engineering career at Microsoft to investing in the Detroit real estate market. Nick shares his journey, including his initial interest in real estate, the strategies he employed such as the BRRRR method, and his pivot to fix and flip properties. He discusses the challenges and lessons learned from his first fix and flip, the reasons for choosing Detroit as his investment market, and offers advice for aspiring real estate investors. The conversation concludes with insights into future trends in real estate investment.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Matt Bigach breaks down the exact system behind his 6-to-10 deals a month, each netting $25k–$35k in profit. He shares why he stopped flipping, how he built a machine that fuels both lifestyle and long-term wealth, and his strategy for scaling into apartments using the BRRRR method. KEY TALKING POINTS:0:00 - Intro0:18 - An Overview Of Matt Bigach's Business2:21 - Their Apartment Complex Deals & The Wholesaling They Do3:31 - Why He Doesn't Buy Single Family Homes5:56 - His Approach To Buying Apartment Complexes9:59 - His First Deal11:23 - Why He Wanted To Scale His Business15:15 - Why He's Doing Wholesaling16:57 - What He's Looking Forward To In 202517:53 - The Numbers On His Apartment Complexes & Wholesale Deals18:49 - The Biggest Challenge He's Facing Right Now23:27 - Closing Thoughts24:06 - Outro LINKS:Facebook: Nexus Homebuyershttps://www.facebook.com/NexusHomebuyers Website: Nexus Homebuyershttps://www.nexushomebuyers.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/ 

In this conversation, John Harcar and Cameron Philgreen discuss the intricacies of building wealth through real estate, particularly focusing on the use of other people's money (OPM). Cameron shares his personal journey from wedding photography to real estate investing, detailing his experiences with the BRRRR strategy and the challenges he faced in managing contractors and properties. The discussion also covers the importance of taking action in real estate, the significance of networking for funding, and Cameron's vision for future growth in the Waco area.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Brian Higgins owns 360 rental properties… but not all of them were wins. In this candid conversation with David, he shares the lessons he learned the hard way — from buying “good” deals that didn't cash flow, to floating $1M in renovations for other investors, to why his entire approach to debt and deal analysis has shifted. If you're trying to scale your portfolio the smart way, this episode is full of wisdom you don't want to miss. KEY TALKING POINTS:0:00 - An Overview Of Brian Higgins' Business2:59 - How Brian Got His Start In Real Estate7:57 - The Investors That Buy Deals From Him8:41 - Offsetting The Income From Real Estate & Cost Segregation12:18 - What He Was Trying To Accomplish When He Started His Business14:48 - Owning 360 Rentals & A Property Management Company18:33 - How His Thought Process Changed After Having A Few Properties Paid Off22:07 - The Mindset That Led To His Success24:01 - Working With Contractors & Appraisers26:45 - How Brian Approaches Renovation Costs31:53 - What He'd Be Doing If He Wasn't Doing Real Estate32:45 - His Lowest Point In Business34:39 - His Highest Highs In Business36:05 - What He Would Say To Someone Who Says It's Too Late To Invest39:41 - What He's Looking Forward To Most In 202543:42 - Closing Thoughts44:09 - Outro LINKS:Facebook: Brian Higginshttps://www.facebook.com/brian.higgins.904/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: https://coachcarson.com/rpm  

So, you want to invest in real estate…but where should you start? What's the best type of rental property for a beginner? It's easy to become overwhelmed by all the options, but in this episode, we'll provide the four-step framework you need to make the right choice! Welcome back to the Real Estate Rookie podcast! First, we'll share four steps that will help you pin down the right investing strategy for your budget, lifestyle, and long-term goals. Then, we'll introduce you to a few of the most beginner-friendly types of rental properties. Are you light on cash? House hacking could help you take down your first investment property with relatively little money out of pocket. Are you looking to scale your real estate portfolio as quickly as possible? The BRRRR method (buy, rehab, rent, refinance, repeat) is one of the fastest ways to build wealth in real estate. Would you prefer your real estate investments to be mostly hands-off? Perhaps a long-term rental is more your speed. Stick around till the end to learn about the three most common mistakes we see new investors make and what YOU must do to avoid them! In This Episode We Cover: The four BEST types of rental properties for new investors The four-step formula for choosing the right investing strategy Creative ways to get into real estate investing when you're light on cash The secret to scaling your real estate portfolio quickly (without a ton of money) Three common rookie investing mistakes (and how to avoid them!) And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Ask Your Question for a Future Rookie Reply “Like” Real Estate Rookie on Facebook Monarch Money RealBricks Buy the Book, “Start with Strategy” Sign Up for the Real Estate Rookie Newsletter Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Which Real Estate Investing Strategy Is Best for Your Goals? (00:00) Intro (01:05) Step 1. Define Your Goals (03:44) Step 2. Determine Your Involvement (07:32) Step 3. Assess Your Finances (13:04) Step 4. Know Your Market (15:49) House Hacking (17:24) The BRRRR Strategy (22:12) Short-Term Rentals (25:20) Long-Term Rentals (29:51) Analysis Paralysis (32:25) Shiny Object Syndrome (35:22) Taking Bad Advice Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-540 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In this conversation, Grant Anderson shares his extensive experience in the real estate market, focusing on property management, investment strategies, and the BRRRR strategy. He emphasizes the importance of having a reliable property management team, especially for out-of-state investors, and discusses how Real Wealth supports its members in navigating the complexities of real estate investing. Grant also reflects on his personal journey in real estate, highlighting the lessons learned and the systems developed to ensure success in the industry.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

David shares the real estate investing strategies that took him from saving pennies on a $50K salary to building a $4M rental portfolio generating $12K/month in passive income. He breaks down why real estate beats stocks, how to find great deals in any market, and the mindset shift that changed everything. If you're ready to escape the rat race, this is where you start. KEY TALKING POINTS:0:00 - What Inspired David To Get Into Real Estate2:28 - Is Now A Good Time To Buy Real Estate?8:54 - What Prevents People From Getting Started In Real Estate?9:46 - How Wholesaling Works11:26 - Breaking Down The BRRRR Strategy13:28 - The Birth Of DealMachine And What It Can Do For Investors15:54 - The Difference Between Being An Agent And Investing17:02 - Outro LINKS:Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

David breaks down the four biggest reasons you're struggling to land your first deal—and how to overcome them. He answers real questions from Khang Le's students, sharing hard-earned insights on rental strategies, deal analysis, and the mindset shifts that make all the difference. If you've been stuck on the sidelines, this one's for you. KEY TALKING POINTS:0:00 - Introduction0:19 - How Do You Grow After Having One Rental?2:18 - What Do You Look For In A Potential BRRRR Deal?4:48 - What's The Difference Between A Wholesale Deal And A Rental Deal?6:10 - Is David Looking For Deals And How Do You Handle The Workload?8:51 - Outro LINKS:Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

These two college teammates built a sizable real estate portfolio in just three years by using what they call the “delayed BRRRR strategy.” They've used this specific real estate investing tactic (and the regular BRRRR strategy) to turn one duplex into more than a dozen rental properties for their portfolio. They didn't start with a ton of money and only got into investing together in 2021 when housing competition was high, and rates were soon to rise sharply. So, how does their strategy work, and how can YOU use it to buy more rental properties? In this episode, these innovative investors, Joe Escamilla and Sam Farman, talk about why it's CRUCIAL to have great real estate investing partners and how choosing the right one can be the rocket fuel you need to build a financial freedom-enabling rental property portfolio. They share the new “BRRRR” strategy (buy, rehab, rent, refinance, repeat) they're using to get steady real estate cash flow AND boost their equity at the same time.  We'll also talk about raising private capital and creating your own real estate syndication so you can buy more real estate using other people's money and pass along the returns to your investors. Joe and Sam have built a real estate portfolio most investors can only dream of achieving, and they did it all in only three years, during high rates, and while working full-time jobs. Stick around to hear how you can do it, too!  In This Episode We Cover: The new-and-improved “BRRRR” strategy that lets you “recycle” your money  Signs of a perfect real estate partner and why getting this right is CRUCIAL for growth  Cash-out refinancing to reinvest in real estate and grow your portfolio faster  Why you DON'T want to sit on the sidelines while rates are high and competition is low Syndications and how to raise money for your next real estate deal  And So Much More!   Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Ask Your Question for a Future Rookie Reply “Like” Real Estate Rookie on Facebook Rich Dad Poor Dad Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Grab the Book on the “BRRRR” Strategy Sign Up for the Real Estate Rookie Newsletter Find Investor-Friendly Lenders The Beginner's Guide to “Infinite Investing” with the BRRRR Method Connect with Joe Connect with Sam Connect with Dave (00:00) Intro (01:01) The Perfect Partnership? (03:35) First Duplex in 2021 (11:09) This Works WITH High Rates (15:56) Using Other People's Money (29:59) The New 2025 “BRRRR” Strategy (27:51) Who Does What? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-530 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The BRRRR strategy was a lot easier a few years ago, but it's still possible to do today. Peter and Ron are proof of that.They have done over 100 BRRR's in the last couple of years.On this episode, we talk about how they are finding and financing deals today.They also share the details and numbers for a recent deal.We also discuss their cash flow goal for each property and their long-term goal of building significant wealth from their rental portfolio.Peter and Ron also share advice on going from a few rentals to a large portfolio.https://rentalincomepodcast.com/episode502

In this 15 minute highlight, Camron Cathcart shares 10 practical strategies to build a network of connectors who consistently bring you off-market deals. From local meetups to personal check-ins, Camron breaks down how to turn relationships into reliable deal flow. Whether you're new to real estate or scaling your business, these actionable tips will help you stay ahead. KEY TALKING POINTS:0:00 - Who Are Connectors?1:02 - Method 1: Local Meetups2:02 - Method 2: 1-on-1 Meetings3:30 - Method 3: Online Presence4:37 - Method 4: Clear Buying Criteria6:25 - Method 5: Be Responsive/Be Quick8:10 - Method 6: Joint Ventures9:34 - Method 7: Be Easy11:26 - Method 8: Provide Feedback11:55 - Method 9: Regular Check-Ins13:37 - Method 10: Create A Connector Mastermind/Meetup14:49 - Outro LINKS:Instagram: Camron Cathcarthttps://www.instagram.com/cam.cathcart/ Website: Camron Cathcartlinktr.ee/camcathcart Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

In this episode, we're diving into one of real estate investing's most talked-about strategies: BRRRR. The method—Buy, Rehab, Rent, Refinance, Repeat—has helped countless investors build wealth and grow their portfolios. But is it right for you? We'll break down the process step by step, exploring its incredible potential, like generating high ROI, creating instant equity, and scaling quickly. But we'll also address the challenges, including short-term loans, low appraisals, and the dreaded seasoning period. Plus, you'll hear how to avoid common pitfalls, manage rehabs efficiently, and decide if BRRRR fits your investing goals. Whether you're a seasoned investor or just starting out, this episode is packed with actionable insights to help you master the BRRRR strategy—or decide if it's worth pursuing in today's market. Don't miss it! Keep reading the article here: https://www.biggerpockets.com/blog/brrrr-pros-and-cons Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

What's stopping you from succeeding in real estate? In this episode, David and Ryan break down four common excuses holding people back from taking the leap into real estate investing. From fears about market volatility to misconceptions about managing properties, they address each concern with practical advice and real-world experience. Don't let these excuses stand in your way—tune in now! KEY TALKING POINTS:0:00 - Introduction2:24 - A Misconception About Real Estate Ryan Recently Heard3:35 - Good Debt vs Bad Debt5:12 - Ryan & David's Perspective On Buying A Vacation Home7:15 - Considering Market Volatility & Risk11:01 - Is It Hard To Find Tenants?12:42 - Another Common Misconception About Rental Properties13:59 - Outro LINKS:Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Ryan's Mentorshiphttps://www.skool.com/deal-flow-academy/about Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod

Investing in real estate isn't always smooth sailing—sometimes, it's a fire you didn't see coming. In this episode, Ryan Haywood sits down with investors Ryan Bevilacqua and Cory Jacobson, who share how a house fire turned from disaster to opportunity. Listen as they recount their journey from the early days of W-2 jobs to building a 70-door portfolio, including the unexpected moments that shaped their path. Find out how they handled a property fire, what it taught them about resilience in real estate, and the strategies they used to turn a major setback into lasting success. KEY TALKING POINTS:0:00 - What Ryan And Cory's Business Looks Like1:57 - What They Were Doing For Their 9-53:31 - Working in Sales5:08 - Their First BRRRR Deal7:35 - What Their Business Model Looks Like Now9:08 - Some Of Their Best Deals11:08 - Their Property That Caught On Fire19:14 - Parting Advice For New Investors23:08 - Outro LINKS:Instagram: Ryan Bevilacqua & Cory Jacobsonhttps://www.instagram.com/wealthjuiceofficial/ Website: Ryan Bevilacqua & Cory Jacobsontiny.cc/wealthjuicecoaching Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod

Are workforce and affordable housing smart investments? In this episode, Jeannette Friedrich sits down with Peter Neill, co-founder of GSP Real Estate Investing, to dive into the high-demand world of workforce and affordable housing. Together, they explore whether these investments truly offer value, the unique strategies involved, and the risks and rewards that come with this specialized real estate niche. If you're curious about a real estate sector that's making a tangible impact, this episode is for you. Key Takeaways: - Why Single-Family Workforce Housing? Understand why Peter's team chose single-family homes over multifamily units, driven by market demand, supply dynamics, and GSP's unique expertise. - Defining Workforce vs. Affordable Housing: Learn the distinctions and overlaps between affordable, workforce, and attainable housing, along with how they're defined by income levels and housing costs. - Investment Strategy & Risk Management: Discover how GSP uses the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to maximize returns despite high interest rates, and how they mitigate risks by creating substantial equity in each property. - Navigating Economic Conditions: Insights on how workforce and affordable housing investment can remain resilient through economic fluctuations, driven by an ongoing supply-demand imbalance. - Income Funds vs. Growth Funds: Peter breaks down the differences between GSP's income fund, which offers fixed returns, and their growth fund, which focuses on equity sharing and long-term value. Tune in to gain a comprehensive view of an impactful investment approach aimed at addressing housing shortages while providing reliable returns. Timestamps 00:00 Introduction to Workforce and Affordable Housing Investments 00:18 Meet Peter Niell: Background and Experience 01:07 Single Family vs. Multifamily Housing 02:56 Understanding Affordable and Workforce Housing 09:46 BRRRR Strategy and Market Challenges 14:38 Election Impact and Future Outlook Credits Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening music: Pomplamoose #investing #brrrrstrategy #marketchallenges Learn more about your ad choices. Visit megaphone.fm/adchoices

Can you still find great deals in today's cutthroat housing market? Of course! But you may need to go off the beaten path. Rookie investor Karl Denton looks beyond the MLS (multiple listings service), focuses on undervalued and distressed properties, and even does his own home renovations to create value. If he can do it, YOU can, too! Welcome back to the Real Estate Rookie podcast! Karl has a superpower—finding hidden gems that other investors overlook. And he's not doing anything that you can't. Even as a full-time firefighter, he still finds time to attend meetups, go to foreclosure auctions, build his own lists, and contact homeowners about their properties. So far, this strategy has allowed him to find, buy, and fix three properties in three years! Want to replicate his success? Tune in as Karl walks you through each step of the BRRRR method (buy, rehab, rent, refinance, repeat). Along the way, you'll learn where to find undervalued properties, how to manage out-of-state renovations, and when to do a cash-out refinance. You'll also hear about Karl's big pivot from long-term rentals to short-term rentals and the huge cash flow boost that came with it! In This Episode We Cover: How to find, fund, and fix distressed or undervalued homes in 2024 Why the BRRRR method still works in today's challenging market Three ways to buy properties with tax liens (and why they make GREAT investments) Crucial tips for managing an out-of-state home renovation project When to pivot from one investing strategy to another based on your market Why you should focus on stabilizing your real estate portfolio before scaling it And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Buy the Book “Buy, Rehab, Rent, Refinance, Repeat” Find an Investor-Friendly Agent in Your Area Making $300K+ Profit Per Rental and Scaling FAST with “DADUs” Connect with Karl (00:00) Intro (00:46) Buying His First Property (03:55) The BRRRR Strategy (11:37) Karl's Portfolio & Auctions 101 (20:40) DIY & Out-of-State Renovations (29:54) When Should You Refinance? (33:55) Switching to Short-Term Rentals (41:35) Revenue & Tips for Rookies (47:47) Connect with Karl! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-482 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, David breaks down how he earned $100,000 with just nine hours of work over seven months using the BRRRR strategy and DealMachine's tax delinquent list. Joined by Ryan, he shares the exact steps he took to find an undervalued property, manage the renovation, and secure a profitable refinance. Plus, they reveal a powerful appraisal strategy that ensures you get the most out of each deal. KEY TALKING POINTS:0:00 - How David Made $100k In 7 Months2:14 - The Most BRRRR Deals Ryan Has Closed On In 1 Month5:02 - The Secret Weapon To Getting Properties To Appraise Well6:43 - Other Hiccups Ryan Has Had With BRRRR Deals8:27 - Using Local Banks For Lending11:22 - Ryan's Coaching Program12:48 - Outro LINKS:Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm  

These two college teammates built a sizable real estate portfolio in just three years by using what they call the “delayed BRRRR strategy.” They've used this specific real estate investing tactic (and the regular BRRRR strategy) to turn one duplex into more than a dozen rental properties for their portfolio. They didn't start with a ton of money and only got into investing together in 2021 when housing competition was high, and rates were soon to rise sharply. So, how does their strategy work, and how can YOU use it to buy more rental properties? In this episode, these innovative investors, Joe Escamilla and Sam Farman, talk about why it's CRUCIAL to have great real estate investing partners and how choosing the right one can be the rocket fuel you need to build a financial freedom-enabling rental property portfolio. They share the new “BRRRR” strategy (buy, rehab, rent, refinance, repeat) they're using to get steady real estate cash flow AND boost their equity at the same time.  We'll also talk about raising private capital and creating your own real estate syndication so you can buy more real estate using other people's money and pass along the returns to your investors. Joe and Sam have built a real estate portfolio most investors can only dream of achieving, and they did it all in only three years, during high rates, and while working full-time jobs. Stick around to hear how you can do it, too!  In This Episode We Cover: The new-and-improved “BRRRR” strategy that lets you “recycle” your money  Signs of a perfect real estate partner and why getting this right is CRUCIAL for growth  Cash-out refinancing to reinvest in real estate and grow your portfolio faster  Why you DON'T want to sit on the sidelines while rates are high and competition is low Syndications and how to raise money for your next real estate deal  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Rich Dad Poor Dad Grab the Book on the “BRRRR” Strategy Find Investor-Friendly Lenders The Beginner's Guide to “Infinite Investing” with the BRRRR Method Connect with Joe Connect with Sam Connect with Dave (00:00) Intro (01:26) The Perfect Partnership? (03:59) First Duplex in 2021 (11:38) This Works WITH High Rates (16:25) Using Other People's Money (23:33) The New 2025 “BRRRR” Strategy (28:25) Who Does What? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1036 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover how to generate passive income using the BRRRR strategy—buying, renovating, renting, and refinancing properties without using your own money. This episode breaks down the step-by-step process of leveraging private money, increasing property value through strategic renovations, and securing long-term cash flow with tenant-paid mortgages. Tune in to learn how you can start building wealth, maximize your returns, and create consistent income streams through smart real estate investing. KEY TALKING POINTS:0:00 - A Visual Demonstration of Your Bank Account With The BRRRR Strategy4:00 - Our Current Cold Calling Challenge5:10 - Outro LINKS:Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

In this episode, we dive into the pros and cons of using luxury vinyl plank (LVP) versus hardwood floors in rental properties. Learn why LVP is a go-to choice for cost efficiency, low maintenance, and durability compared to hardwood. We break down the cost differences, discuss installation tips, and share how flooring decisions can impact your BRRRR strategy. KEY TALKING POINTS:0:00 - Introduction0:16 - Difference 1: High Vs Low Maintenance1:20 - Difference 2: Water Damage Vs Waterproof2:04 - Difference 3: How Long The Floors Will Last2:34 - Difference 4: Hardwood Can't Be Used In Bathrooms/Kitchens3:16 - Difference 5: The Difference In Price4:09 - Some Extra Things To Note5:27 - Analyzing Repair Costs7:47 - Outro LINKS:Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

In this episode, David and Ryan explain why investing in real estate is a smarter move than splurging on luxury items like supercars. They dive into the BRRRR strategy—Buy, Renovate, Rent, Refinance, Repeat—sharing how they've used it to generate substantial passive income from rental properties. If you're looking to build wealth and create long-term financial freedom, this episode has plenty of actionable insights. Plus, you're invited to join DealMachine's Cold Calling Challenge, where you can learn firsthand how to find off-market deals and land your first investment property! Join DealMachine's Cold Calling Challenge (October 2024):https://www.dealmachine.com/cold-calling-challenge KEY TALKING POINTS:0:00 - Don't Buy A Ferrari (Yet)0:56 - How Ryan Leveraged Real Estate To Pay For Two Nice Cars4:27 - How Much Money Ryan Invested To Get Three Rentals6:19 - Leveraging Wholesaling & Ryan's First BRRRR Deal8:40 - How You Can Find One Of These Deals9:11 - Outro LINKS:Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

In this episode, we explore Ryan's first BRRRR deal, where he turned a $1,000 purchase into an $85,000 refinance check—$65k of that covering renovation costs and $20k in pure profit. Learn how Ryan used the BRRRR strategy (Buy, Renovate, Rent, Refinance, Repeat) to secure a rental property and extra cash in his first year. If you're ready to shift from wholesaling to long-term investing, this episode has the insights you need! KEY TALKING POINTS:0:00 - Introduction0:44 - Ryan's First BRRRR Deal2:38 - Common Questions People Ask About BRRRR4:23 - Clearing Up The Confusion About Refinancing5:34 - Getting A Check For $85,0007:42 - Another Common Misconception About Investing8:36 - Taking A Closer Look At The Rehab For Ryan's First BRRRR Deal9:46 - Is A BRRRR Deal A Realistic Approach For New Investors?11:30 - How Could New Investors See If They Qualify For Credit?12:12 - What If You Don't Qualify?13:44 - Ryan's Coaching Program17:01 - Getting In Touch With Ryan For Coaching17:42 - Outro LINKS:Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Coaching: Ryan Haywoodhttps://www.skool.com/deal-flow-academy/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod 

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm