Episode #524
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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!
00:00 Intro
00:34 Seamus’ First Deal
06:34 The Power of Partnerships
10:20 Revitalizing a Neighborhood
18:03 How to Fund Multiple Deals
23:50 Scaling with the BRRRR Method
29:01 Sweat Equity & Finding Contractors
34:41 Self-Management Tips
36:52 Connect with Seamus!