Scaling BRRRRs - Delegation, automation, contractors

[Matthew Banks]

We've got 5 units, 4 properties currently, but it is already a lot to manage ourselves. These are BRRRR purchases, and its a lot of work to do the renovations. Any advice on where to focus to scale up? I handle the acquisition, financing, renovation management and marketing & leasing work. My partner handles maintenance and repairs and a lot of the actual renovation, as well as assists in other areas.

For those investors with experience, what things most helped you scale?

[Andrew Postell]

@Matthew Banks yeah, lots of people get surprised when they hear the ol' "quit your job" pitch about real estate and learn that they traded one job for another. And don't get me wrong, working for yourself is better for some people but being a real estate investor is a lot of work. Scaling with the BRRRR Method is usually pretty hard. We are keeping our money in the property for later unlike a flipper, who would sell for maximum profits and then be able to hire more people, do more deals, hire, etc. Being a full time flipper gets a little crazy too. Usually around the 25 property mark is when you start needing scalability with MANAGING properties. So, that will be something you will come to in the future also. When you start having enough money to be a passive investor, that's usually when things begin to change some.

There might be some other investors that will be willing to comment here but I hope some of what I said makes sense.  Don't forget that you should be networking at some local real estate meetup groups. What works in your market may not work in mine.  So, connecting locally usually nets some other things for our real estate investing career as well.  Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. 

Thanks!