The Short Term Show Leveraging your Portfolio and Maximizing Possibilities with Scriven Hoefs
Sep 23, 2021
Scriven Hoefs, a business development specialist with expertise in Construction and Oil and Gas, shares invaluable insights on leveraging your real estate portfolio while maintaining a long-term W2 job. He discusses innovative strategies like land flipping and the reverse BURRRR method. Scriven emphasizes the importance of personal mindset and building effective partnerships in business. He also offers practical advice on identifying the right real estate markets and gradually scaling business ventures for sustained success.
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Scriven's Background
- Scriven Hoefs, a business development specialist, discusses his real estate journey.
- He aims to keep his W-2 job to leverage its income for acquiring more properties, primarily short-term rentals.
Reverse BRRRR
- Scriven used a "reverse BRRRR" strategy to finance a three-duplex portfolio acquisition.
- The bank loaned him 80% of the future value upfront, based on the projected equity increase after renovations.
Partnerships
- Choose partners who complement your skill set and share your investment goals.
- Clearly outline responsibilities, exit strategies, and financial contributions upfront.
