Intro

This chapter explores the beginnings of a real estate investment journey using the BRRRR method, emphasizing the importance of collaboration with family. It features a personal story of securing a first property in Schenectady, detailing strategic planning and the challenges of adapting to market competition.

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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