Brian Waters was destined to work until he was at least 63 years old. Now, just five years after starting to invest intentionally, he’s got 16 rental units that can retire him a decade earlier! How’d he do it? A combination of easy, done-for-you out-of-state investment properties and the ever-profitable BRRRR method.
Brian’s work isn’t sitting at a desk or crunching numbers. He’s a firefighter and is routinely one serious injury away from his career being over. With a family to support, losing his work wasn’t an option. So, in his 40s, he decided to pivot and go all-in on building a real estate portfolio. He bought a couple of properties in his home state of California before Southern California prices began to eat into his limited savings. So, things had to change.
By being extremely clear about his plan, Brian began investing out of state, buying over a dozen properties without ever laying eyes on them. He tried a very beginner-friendly strategy that helped him build his out-of-state portfolio before moving on to the BRRRR method, where he gets paid to buy cash-flowing rentals in areas 99% of investors overlook. In five years, he’s completely transformed his financial future, using a method you can, too!
In This Episode We Cover
The best out-of-state real estate investment for beginners (completely hands-off)
How to use the BRRRR method even when you’re living thousands of miles away from your investing market
Using your primary residence’s equity to fund your first (or next) real estate deal
What to do once you’ve run out of cash to invest (should you raise private money?)
Why you do NOT need to wait until you're 65 to finally retire
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1198
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
