644: 50 Properties in 6 Months Using the Supercharged BRRRR Strategy w/Chad Beeman
The BRRRR method (buy, rehab, rent, refinance, repeat) is commonly known among real estate investors as one of the fastest ways to build a portfolio of rental properties. The beauty of the BRRRR strategy is that it takes less time and money to get properties to cash flow with baked-in appreciation. But what if you were to ramp up the BRRRR method, so instead of doing a BRRRR every year, you did it 125 times a year. Sounds a little insane, right?
Meet the man behind the madness, Chad Beeman, who has (and this is not an exaggeration) bought and BRRRRed fifty rental properties in the past six months. This is a staggering amount of properties to buy in such a short amount of time. The craziest part? Chad is planning on purchasing another seventy properties over the next six months! So how is he able to buy so many properties, scale so quickly, and do so without losing his balance?
Chad walks through his small team, system, and thought process that helps him stay so successful. He’s had some blunders in the past (like spending $30K rehabbing the wrong house) but has thought of them as “tuition” when investing in real estate. Thanks to these mistakes, he’s been able to grow faster, build more than a million dollars worth of appreciation, and shoot well past financial freedom in his real estate investing journey.
In This Episode We Cover:
Why the BRRRR method is perfect for those who are strapped for cash but want to build wealth
How the current housing market is affecting BRRRR deals and the art of making multiple offers
Becoming an “accidental millionaire” and how real estate wealth grows in the background
Building a small team, learning to outsource, and developing the “Who Not How” mentality
Real estate partnerships and how they can allow you to buy more properties using less money
Why you should always double-check you’re at the right house BEFORE doing a renovation
And So Much More!
Links from the Show
Get Your Ticket for BPCon 2022
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
Listen to Our Interview with “Who Not How” Author Dan Sullivan
Use the BiggerPockets Calculators to Analyze Your Next Rental Property
Books Mentioned in the Show
BRRRR by David Greene
Who Not How by Dan Sullivan
Connect with Chad:
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-644
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