My Expedited Portfolio Using the BRRR Strategy in Michigan (Scaling Single Family)

[Darius Kellar]

Hi All,

After 8 years of investing and building my 9-property portfolio I would say the biggest obstacle I have faced thus far is scaling from buying 1 single family rental property a year to buying 5 in one year. The way that I did it was pulling the equity or doing multiple cash out refinances at the same time in 2021, which allowed me to accumulate almost 300K in cash. I then took the cash and purchased 5 single family homes within a 12-month time frame. The cash on hand allowed me to negotiate the price down on 3 of the 5 houses that I purchased. Those 3 were directly from MLS. The homes that I refinanced are located in Pontiac which is about 35 minutes outside of the Detroit area. Negotiating the price down allowed me to have instant equity and allowed me to set my self up in the future to scale up again, whether it is buying a package of single families or a multifamily. Today 4 of the 5 homes that I purchased are owned free and clear.

Hopefully someone can use my method on how I doubled my portfolio in a short period of time.