Today’s guest makes $60,000 per MONTH the old-fashioned real estate investing way. He buys rentals you can find on any real estate listing site, uses his own money to invest, doesn’t need “creative financing” techniques to fund the deal, and treats his tenants well. This is a real estate portfolio anyone can repeat, and it has made Welby Accely a multimillionaire in just over a decade, even after he lost everything (three times!).
In a time when every real estate guru is trying to get you into the lowest-money-down deal with the most risk and the shallowest margins, Welby takes it the whole other direction. His simple offer “formula” allows him to buy properties under market value, fix them up, get them rented, and refinance out to create an “infinite return.” Basically the BRRRR (buy, rehab, rent, refinance, repeat) strategy, but EVEN safer.
How does he find rentals that are (almost) always worth more than what he pays for them? Welby says, “Every deal is a flip,” meaning if you buy rentals like a flipper would, your profit margins massively multiply, and you reap huge financial benefits. Welby is a REAL real estate investor, giving you a real strategy you can use in 2025, even with high interest rates. The question is, will you take advantage of it like Welby did?
Henry:
Did you know that every real estate deal is a flip? Even if you’re a hardcore buy and hold investor, you’re going to buy a house, you’re going to renovate that property and eventually you’ll sell that property. So whether it takes you three months or 30 years, it’s still a flip. At least that’s the strategy today’s guest used for the last 12 years to build a portfolio that generates $60,000 in net income every month. Let’s hear how he did it. Hey everyone, I’m Henry Washington filling in today as host of the BiggerPockets Real Estate podcast. Today’s guest on the show is Wellby Elli Wellby’s, an investor operating in the New York and Connecticut markets,…