Building a Multi-million Dollar Portfolio of Small Multifamily using the BRRR Strategy - with Willie Mandrell | TLS068

In this episode, Willie Mandrell shares his journey from a corporate job to real estate broker and investor and how he's built a multimillion-dollar real estate portfolio using the brrr strategy on small multifamily in the Boston MA market.

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KEY TOPICS:
2:15 what was Willie doing before he got into real estate.
3:00 how he got into real estate.
4:30 the struggles he dealt with when he first got into real estate.
5:30 The power of finding your niche and your passion
7:10 The importance of marketing in his business and the strategies he's used early on.
10:30 How do you balance the work of being a broker and an investor?
13:15 Buying his first investment property
15:55 What are you focusing on today with your investing
17:53 what does Willie's portfolio look like today
19:08 how Willie is finding BRRR deals today
21:45 Discussion about a brrr deal he is currently working on
25:23 How he finances his rehab deals
29:40 Software he uses to manage his rehabs https://buildertrend.com/
32:00 Why Willie likes to focus on 1-4 unit properties versus going into larger commercial multifamily.
34:56 Whats the best mistake he's made on his real estate investing journey
35:30 What's the biggest win you've had.
37:10 What's the best advice you have for someone just starting.

KEY QUOTES:
"you can build some amazing things in this business but you have to stay patient"

ABOUT OUR GUEST:
Willie J. Mandrell is a self-made multi-millionaire real estate investor, broker, coach, lecturer & author. As a buyer, seller, and broker he's been involved with well over 200 million in real estate transactions. He has been featured in numerous trade magazines and he is a frequent guest on real estate and wealth-related podcasts, television, & radio shows across the US. Willie is the author of Cash Flow Secrets, a book on real estate investing & finance tips most people are never taught but need to know. Willie is also a member of the Forbes Real Estate Council.

CONNECT WITH OUR GUEST:
Instagram: @wjmandrell
Linkedin: www.linkedin.com/in/wjmandrell/
Website: https://www.mandrellco.com/

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