Real Estate Rookie Snowballing to 6 Properties and $75K+/Year Cash Flow (After a Late Start!)
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Feb 24, 2025 Brianne and Doug Hamilton, real estate investors who transformed their financial future through the BRRRR method, discuss their journey to six rental properties and over $75,000 in annual cash flow. They dive into the advantages of networking and the significance of a solid tenant screening process. The couple also shares how they turned a family cottage into a profitable short-term rental, emphasizing the importance of adaptive strategies and strong community engagement in achieving real estate success. It's an inspiring tale that proves it's never too late to invest!
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Inspiration to Invest
- Doug, a tradesman, and Brianne, a bank employee, were inspired to invest in real estate after seeing colleagues achieve financial security through it.
- They sought ways to diversify income and build long-term wealth beyond their W2 jobs.
Active Wealth-Building
- Real estate investing offers active wealth-building and diverse opportunities, unlike passive investments like mutual funds.
- It also provides a sense of community through networking and connecting with like-minded individuals.
First BRRRR and Challenges
- Brianne and Doug chose the BRRRR strategy for their first property, aiming to add value and reuse capital for multiple investments.
- They started with a $350,000 CAD down payment and renovated a property two hours away, working on it every weekend.