Real Estate Rookie

BRRRR-ing to 16 Rental Units (WITHOUT a Ton of Money)

Feb 17, 2025

Seamus Nally, a savvy real estate investor, scaled to sixteen rental units using the BRRRR method and strategic partnerships. He shares his journey of transforming off-campus housing into a successful duplex and how teamwork with family helped fast-track his first deal. Learn how to leverage the BRRRR strategy to fund multiple properties, the importance of community among tenants, and tips for effective property management. Seamus also emphasizes the power of partnerships in navigating the complexities of real estate investing.

44:23

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Episode guests

Seamus Nally

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Episode notes

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Quick takeaways

Pooling resources among family members can accelerate real estate investments and leverage individual expertise for enhanced property value.

Engaging with the community through activities fosters tenant relationships, reduces turnover, and improves the overall perception of the neighborhood.

Deep dives

Starting the Investment Journey with Family

Pooling resources among family members can be a strategic way to embark on real estate investments. In one case, a family came together to capitalize on the demand for off-campus housing near Union College in Schenectady, New York. They developed a business plan based on research and identified neighborhoods that required improvement. This collaboration not only facilitated the acquisition of their first property but also leveraged their father's construction expertise to enhance the property’s value through sweat equity.

Intro

5min

Navigating Family Partnerships in Real Estate Ventures

4min

Building Partnerships for Real Estate Success

7min

Building Community in Rental Properties

9min

Mastering the BRRRR Method

9min

Navigating Sweat Equity in BRRRR

5min

Effective Property Management: The Key to Tenant Satisfaction

4min

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