How to Use the BRRRR Strategy from Out Of State with Jin Lym | From Military to Millionaire Podcast

Episode: 144 Jin Lym Join your hosts, David Pere and Alex Felice, with guest Jin Lym as they talk about mentors, leveraging other people's expertise, and how Jin pivoted from flipping houses to doing rentals as a real estate investor. When Jin thought about the possibility of catering to a whole family and his parents in the future, he knew he needed to start gearing towards building generational wealth through real estate. Jin knew he needed to enter a specific niche of real estate investing to reach generational wealth and financial freedom. Thus, he got into rentals. From previously flipping houses in Hawaii, Jin moved to rentals to bring in residual income. In light of the topic, David, Alex, and Jin also discuss how this dilemma explains most people's fault when planning out a way of generating income. In this episode, listen as they talk deeper about networking, the BRRRR strategy, why turnkey assets suck and why they're good, and how investors can capitalize on their superpowers in order to jumpstart and gain an edge in the real estate business. About Jin Lym: Jin is a Marine Corps veteran and budding real estate investor. With a bachelor's in Information Systems and Operations Management from George Mason University, he has over seven years of professional information-technology experience, working with companies such as Rolls-Royce North America and Rackspace. Konea Capital was born out of Jin's passion for helping others and sharing knowledge, so starting a real estate investment fund focused on personal development and financial education was a natural thing for him to do. - Sponsor: Rentometer link - Outline of the episode: ● [05:37] Everyone is going to have that origin story. ● [07:17] On finding mentors and incredible tractions. ● [10:56] It all boils down to your why. ● [17:19] The core problem of people when it comes to planning ahead. ● [20:59] Why turnkey properties suck. ● [30:00] Turnkey properties are good for those who… ● [30:46] The Glamorous BRRRR Strategy. ● [33:10] Leveraging people helps you avoid pitfalls. ● [47:45] People like to invest in other good investments. ● [47:49] Bring your talents and skills into business – find your superpower! ● [55:05] A good mentor only works if the mentee is good. ● [01:01:52] Your ultimate goal in life is your roadmap. Resources: Instagram: link Facebook: link Biggerpockets Real Estate E-books: link Compare Your Rent With Other Local Properties with Rentometer: link Follow Our Journey: Website: link YouTube: link Facebook: link Instagram: link Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness by David Pere: link - Advice to an 18-20-year old: Have a “why” for everything you do. - Recommended resource(s): www.BiggerPockets.com - Sponsor: Rentometer link - Real Estate Investing Course: link Recommended books and tools: link Become an investor: link - SUBSCRIBE: link - Website: link Instagram: link Facebook: link - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reali