brrrstrategy

For real estate investors, passive income is almost always the goal. You may be making good money at your job, but the long days, longer nights, lack of sleep, and limited time off is probably leaving you feeling fatigued. This is exactly how Brittany Swait felt after a severe diagnosis put her life in danger. She was working harder than ever, but the time with her family was slowly slipping away. That was until she started investing. Brittany was able to build a fifty-nine-unit rental property portfolio in just three years. These properties bring in a staggering $200,000 per year passive paycheck, allowing Brittany to focus on her family, not take tasks from a boss. But this portfolio wasn’t easy to build, even though it happened quickly. Brittany had to learn the BRRRR method, take considerable risks (like draining her retirement accounts), and put herself in an entirely new position. Now, just a few years later, Brittany is building her rental property portfolio at a fast pace, but she loves every minute of it. In this episode, she’ll walk through the exact strategy she uses to make such high cash flow, her five tips for remodeling and renovating that will save you TONS of time, and how she’s been able to pull her cash out of the deals she’s doing. If you want to scale your real estate portfolio, Brittany is the person to listen to.   In This Episode We Cover: The one skill that allowed Brittany to scale from zero to fifty-nine rentals in three years Medium-term rental investing and how to triple your rent with one strategic move Using Facebook to find off-market deals and the one factor that matters MUCH more than you’d think How to estimate rehab costs and five tips you MUST follow when doing a renovation  BRRRRing in 2023 and how to get around the one-year seasoning requirement for a cash-out refinance  Being more than your job and how to build a life that YOU are in control of  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Episode with Rick Morin on Making $300K/Year with 11 Rental Properties Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties Book Mentioned in the Show: BRRRR by David Greene Connect with Brittany: Brittany's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-764 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

Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing! Jenny Bayless is a real estate investor in Colorado who is using long-distance investing principles to systematically build a portfolio of cash flowing properties using the BRRRR method! Jenny is absolutely crushing it by “making” deals in today’s tough market and shares what she looks for that other investors miss. Learn her system for targeting fixer-upper properties, how she estimates rehab costs, and the method her real estate agent uses to send her videos of potential properties so she doesn’t have to drive hours to see them. Jenny also shares how she uses hard money to buy “cash,” how she found a rockstar agent, and how she backed into an “accidental BRRRR” that led to future success! Today’s episode is equal parts inspirational and practical with TONS of actionable advice. If you want to retire early with real estate but don’t want the headache of managing 100 homes, don’t miss this show! In This Episode We Cover: Long-distance principles Jenny uses to invest near her market How Jenny uses the BRRRR strategy to systematically grow her portfolio Ways to chase financial freedom without a monstrous portfolio How she has an agent do her due diligence for her The strategy she uses to “make” deals in a today’s tough market Her opinion on how to use turnkey properties to get started investing Ways to start with fixer-upper properties to get great deals in a hot market How she uses hard money to buy “cash” deals How she estimates rehab costs before writing offers, Her “accidental” BRRRR story How she’s pursuing financial independence with only 10 homes! And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Biggerpockets’ Instagram Brandon’s Instagram BiggerPockets BRRRR Guide How BRRRR Increases Your ROI (And Why You Should Be Using It) BiggerPockets Calculators BiggerPockets Bookstore Quickbooks Online Cozy Property Manager Buildium Property Manager Appfolio Property Management Software Books Mentioned in this Show The Book on Estimating Rehab Costs by J. Scott The Book on Flipping Houses by J. Scott Long-Distance Real Estate Investing by David Greene Building Wealth One House at a Time by John Schaub The Book on Managing Rental Properties by Heather Turner and Brandon Turner Rich Dad’s Cashflow Quadrant by Robert Kiyosaki Tweetable Topics: “The worst that they can say is no.” (Tweet This!) “We all know what it’s like to have a job. We don’t all know what it’s like to run a business.” (Tweet This!) Connect with Jennifer Jennifer’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The BiggerPockets Podcast, we sit down with an investor who’s also a Grammy-nominated musician! Jeremy Jones has been acquiring rental properties in the Seattle metro area for several years, focusing primarily on multifamily investments and supplying him with a stream of passive income. You’ll love both his tactics and mindset and will walk away from this interview with numerous actionable ideas to help take your business to new heights. Enjoy! In This Episode We Cover: A little bit about Jeremy and how he started How he got into real estate by chance through his music career How to maximize your income by renting by the room His first non owner-occupied rental What you should know about buying foreclosures The BRRRR Strategy and how to use it Advice on having a “long term flip“ A discussion about hard money The importance of having exit strategies in mind ahead of time The topic of refinancing How to develop a criteria for purchasing houses How exactly banks and loans work REO vs. foreclosure auctions How Jeremy uses seller financing Where he buys properties and why he keeps them close to home How he manages his property and finds great contractors And SO much more! Links from the Show Interested in becoming a guest on the BiggerPockets Podcast? Click Here Building a Rental Portfolio Through “Long-Term” Flips RedFin BiggerPockets Forums Books Mentioned in this Show Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki The Power of Full Engagement by Jim Loehr The Law of Success by Paramahansa Yogananda Tweetable Topics: “If you have comps in mind, you can increase your confidence.” (Tweet This!) Connect with Jeremy Jeremy’s BiggerPockets Profile Jeremy’s Personal Website Jeremy’s Airbnb Property Learn more about your ad choices. Visit megaphone.fm/adchoices