The Jack Bosch Show 120: BRRRR Real Estate Strategy // How Casey Quinn Built $120M in Real Estate
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Aug 28, 2025 Casey Quinn, a real estate investor and CPA, shares how he scaled a $120 million portfolio using the BRRRR model. He explains the model's emphasis on long-term wealth over quick cash flow and the value of local lender relationships. Casey also dives into cash-out refinancing and the significance of the 1% rule for evaluating investments. His accounting firm aids real estate entrepreneurs in optimizing financial management, showcasing the importance of financial literacy and transitioning to accrual accounting for better business insights.
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BRRRR Is A Wealth, Not Cashflow, Strategy
- BRRRR is a value-add long-term wealth strategy: buy, renovate, rent, refinance, repeat.
- It uses little personal capital and prioritizes tax benefits and equity growth over immediate cash flow.
Keep A Strong DSCR Buffer
- Maintain a healthy DSCR buffer; avoid using a 1.0 DSCR unless you have large reserves or institutional scale.
- Aim for 1.2 or higher to absorb vacancies and capex without out-of-pocket stress.
From Fired CFO To 950 Units
- Casey started as a CPA, took a CFO role, got fired, then bought his first BRRRR house in May 2019 for $40k.
- He scaled quickly by managing cost of capital and running numbers, reaching ~950 units in ~5.5 years.