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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Drew Valenti
  • Investor
  • Los Angeles
1
Votes |
6
Posts

How can I be useful to YOU? New BRRRR learner.

Drew Valenti
  • Investor
  • Los Angeles
Posted

Hey all, I read David Greene's BRRRR book and am really interested in implementing that strategy. I work full time in the film business in Los Angeles but my schedule is flexible. I own a very hands-off SFH rental in North Carolina. I also just bought my first primary residence (with rental ADU) in LA. That's where I'm at today. My goal is to continue using my career to finance my real estate portfolio. BRRRR seems to be the best bang-for-my-buck (if done right) since you can essentially recycle your capital over and over. I would like to do this investing outside of my state where houses cost less and laws are more landlord friendly.

So while I'm saving up cash for my first BRRRR I want to do anything to get ready for my first deal. I need to make valuable connections with professionals who can help me later. I will need that team in order to get anything done. I understand from my career experience that being useful to other people is the best way to get help for myself. It's also a good way to learn and see someone else's process up close.

So if anybody has ideas or advice for me, I am here to listen and learn and take action. If you were once in my shoes, what did you do to help PM's / investors / realtors / contractors / lenders to get on their radar? What moves did you make early on that set you up for success later?

Thanks!

-Drew in LA

Most Popular Reply

User Stats

794
Posts
1,022
Votes
Jeremy H.
  • Rental Property Investor
  • Lafayette, LA
1,022
Votes |
794
Posts
Jeremy H.
  • Rental Property Investor
  • Lafayette, LA
Replied

PMs - I use their services repeatedly if I like them 

Investors - generally just talk strategy, deals etc. I have a few investor friends

Realtors - found most of them suck so I became a RE agent

Contractors - I pay them on time. repeatedly use them

Lenders - I repeatedly use their services 

Look, I'm not begging to "take someone for coffee to pick their brain" - no one has time for that ****. Maybe build a genuine connection/friendship with someone and see where it goes from there. It needs to be authentic and real not forced. I've gotten to where I use a lot of the same people because they know my expectations, know I will come to them for work, and we catch up from time to time through working relationships. 

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