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Updated about 4 years ago on . Most recent reply

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48
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Jacob P.
  • Investor
  • Brooklyn, NY
6
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48
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Why has David Greene moved on from BRRRRing?

Jacob P.
  • Investor
  • Brooklyn, NY
Posted

I've been investing for 8+ years now. Just read David Greene's BRRRR book. It really has me sold on a shift in mindset (to date I have been saving up, putting down 25% to buy properties at retail. It's been a slow process, and the book really opened my eyes to how I can speed things up).

In fact, the book has me sold SO much on the process, that I'm curious why David's not doing it anymore. Maybe I'm missing something, but listening to most of the recent podcast episodes and looking at his profile, it seems his focus has really shifted to being an agent + his mortgage company + Bigger Pockets.

Not trying to troll here, but I guess you could say I've drank the koolaid and am true believer in how wonderful BRRRRing could be, and I wonder why the guy who literally wrote the book on it is focussing in other areas. Or maybe he has it so systematized that it's running for him in the background and there's not much for him to think about/mention on his profile and the podcast?

I can't seem to tag @davidgreen, but I'm sure he'd have some great thoughts on this. And of course, also curious what others think as well!

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

of course no first hand knowledge.

but I think i recall some of the props his team worked on or the realtor team he suggested was in Jacksonville FLA and they were working low end rentals. 

So he might have just like many before him realize low end rentals are a lot of work ?? maybe thats the case and like other said moved up in asset class. 

But do keep in mind even a very well run BRRR is going to usually take at least 6 months to go full circle so if your have capital to do just one.. your going scale at 1 to maybe 2 units per year.. and choosing the asset class is critical.. Even if you have no cash into these things that means your pretty much fully leveraged and maybe making 200 a month cash flow .. so any way you slice it rental game is a long long game unless you can start out in MF and roll up like what was suggested above.

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JLH Capital Partners

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