Renovating a Condo and Using the BRRR Strategy

The speakers discuss their experience of renovating a condo and using the BRRR strategy, including painting, working on the bathroom and kitchen, hiring a contractor, and doing DIY projects. They also mention renting out the property, selling it, and using a 1031 exchange to invest in a bigger property.

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If your end goal is financial freedom, investing in real estate is one of the best ways to get there. But, if you want to reach that goal sooner rather than later, you may need to leverage several strategies at once. Today’s guests were able to fast-track their journey to financial freedom by doing just that!

In this episode of the Real Estate Rookie podcast, we’re chatting with husband-and-wife real estate duo Joe and Andrea DelGrosso. Their investing journey started back in 2016 when they bought a single-family rental without knowing very much about real estate. Although they initially invested for some extra financial stability, their focus shifted in 2019. As they started tuning into BiggerPockets and educating themselves about real estate, they realized that there were ways to expedite their path to financial freedom—tapping into equity to turn tens of thousands into MILLIONS.

Today, the DelGrossos have a modest portfolio of ten properties. Stick around as they share how they were able to create multiple revenue streams from a single property, as well as why they made the transition from long-term rentals to short-term rentals. For rookies who are still deciding on which real estate strategy to use, they touch on everything from 1031 exchanges to BRRRRs and more!

In This Episode We Cover:

Reaching financial freedom faster by combining multiple investing strategies

How to create multiple streams of income from ONE property

How to get your spouse on board with real estate investing

Leveraging the equity in your properties to grow your portfolio FAST

How to avoid capital gains taxes using a 1031 exchange

And So Much More!

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