Different ways to scale portfolio

[Michael Nolan]

Hello BP community! Long time lurker but still a newbie so please bare with me. Through my own research so far it seems that the fastest way to grow a real estate portfolio from the ground up is the BRRRR method. I have a couple of questions/ideas surrounding this topic and growing one's portfolio that I would greatly appreciate input on. First question: What exactly categorizes a deal as a BRRRR deal? Is it any deal that needs work done to it and has a discount price? Can you BRRRR any property or does it need to fit a certain criteria like the one talked about with the ARV and 70% rule?

Second question: Is there another way to scale your portfolio as fast as you can with the BRRRR method? Lets say someone has a high paying job and is looking to get into REI, since they have a high paying job can they scale as fast as someone who makes their money from BRRRR deals? Also after showing income through renting a unit for a year plus, how easy is it to take your equity out to purchase another income producing property?

Thank you guys for taking time out of your day for this post. It is greatly appreciated 🙌🏻