BRRRR-ing to 16 Rental Units (WITHOUT a Ton of Money)
Description
Buying sixteen rental units in one market?! Today’s guest has discovered the perfect investing strategy for newbies. You don’t need a ton of money or resources, and you can use it over and over to buy your first, second, third, or twentieth rental property. Tune in to find out what this secret strategy is and how to use it!
Welcome back to the Real Estate Rookie podcast! After Seamus Nally’s brother showed him the off-campus housing model, they formed a four-way real estate investing partnership with other family members. Pooling their money helped them fast-track their first deal—a duplex they renovated and rented by the room. Before long, they had BRRRR’d (buy, rehab, rent, refinance, repeat) their way to sixteen units within the same neighborhood, which revitalized the entire community and forced HUGE appreciation across their real estate portfolio!
In this episode, Seamus will show you how to combine the BRRRR strategy and partnerships to not only kickstart your investing journey but also scale your portfolio faster than you ever thought possible. Along the way, you’ll learn how to use home equity to fund more deals, find the best subcontractors for your home renovations, and more!
In This Episode We Cover:
The strategy Seamus used to scale to sixteen rental units in one market
How to use the BRRRR method (buy, rehab, rent, refinance, repeat)
Growing your real estate portfolio through the power of investing partnerships
Crucial dos and don’ts when real estate investing with family members
Buying rental properties faster by tapping into your home equity
The value of building relationships with small banks and local credit unions
Keeping high-quality tenants happy by focusing on customer service
How to find (and keep!) the best subcontractors in any market
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Follow Real Estate Rookie on Instagram
Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust
Grab Your Early Bird Tickets to BPCON2025 in Las Vegas, Nevada
Grab Our Book “Real Estate Partnerships”
Sign Up for the Real Estate Rookie Newsletter
Find Investor-Friendly Lenders
Real Estate Rookie 486 - Quitting His Job with Real Estate After Cracking the Cash Flow Code
(00:00 ) Intro
(00:34 ) Seamus’ First Deal
(06:34 ) The Power of Partnerships
(10:20 ) Revitalizing a Neighborhood
(18:03 ) How to Fund Multiple Deals
(23:50 ) Scaling with the BRRRR Method
(29:01 ) Sweat Equity & Finding Contractors
(34:41 ) Self-Management Tips
(36:52 ) Connect with Seamus!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-524
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