The BRRRR method (buy, rehab, rent, refinance, repeat) is commonly known among real estate investors as one of the fastest ways to build a portfolio of rental properties. The beauty of the BRRRR strategy is that it takes less time and money to get properties to cash flow with baked-in appreciation. But what if you were to ramp up the BRRRR method, so instead of doing a BRRRR every year, you did it 125 times a year. Sounds a little insane, right?
Meet the man behind the madness, Chad Beeman, who has (and this is not an exaggeration) bought and BRRRRed fifty rental properties in the past six months. This is a staggering amount of properties to buy in such a short amount of time. The craziest part? Chad is planning on purchasing another seventy properties over the next six months! So how is he able to buy so many properties, scale so quickly, and do so without losing his balance?
Chad walks through his small team, system, and thought process that helps him stay so successful. He’s had some blunders in the past (like spending $30K rehabbing the wrong house) but has thought of them as “tuition” when investing in real estate. Thanks to these mistakes, he’s been able to grow faster, build more than a million dollars worth of appreciation, and shoot well past financial freedom in his real estate investing journey.
David:
This is the BiggerPockets podcast, show 644.
Chad:
The key is people, having the right people around. So what we did figure out is we’ve got to hire a rockstar team. It will make the difference hiring people that have that owner mentality that really truly care. Once we figured out that we have to bring on the right people, it really solved the majority of our issues because we had a lot of bad stories in between. And to hire those key people and people that do genuinely care, it makes all the difference in the world.
David:
What’s going on, everyone. This is David Greene, your host of the BiggerPockets Real Estate podcast joined today by my…