How fast and how can I scale with BRRRR

[Jonathan Palumbo]

Hello all,

I am a 21 year old college student who has been very into real estate investing as well as pursuing a degree in Construction Management with a focus on residential real estate. Getting right into it, I have been seeing many posts about people doing the BRRRR method and all of it is very good to soak in. I am really wondering if someone can layout how to jump into it and go about completing the BRRRR method. Some questions I have are, and this is an example and not real, if I buy a SFH for $100k that has an ARV is $200k, assuming i use $50k on renovations, is the remaining $50k my profit to move onto the next project with or am I getting this completely wrong.

Something about me that would be helpful. My 2 brothers and myself have about $210,000 cash in the bank waiting for a real estate project. We have a cash purchased SFH in Kansas City MO that we got for $75k cash, that rents for $875/mo (After management fees, taxes, and insurance, we profit $580/mo). Myself and 1 of my brothers are in college, while the other brother is 1 year out of college making approx. $70,000/ year pre-tax. What should be our steps to scale the cash we have into giving us a good portfolio.

Thank you! If im missing any info I would be happy to add.