Scaling REI in a COVID-19 World?

[Jason Medina]

Hi Everyone, 

I've been investing around the Orlando area for the last 1.5 years and so far up I'm up to 5 SFR properties. I've been implementing the BRRRR strategy and it's working great. My only issue is that it's just too slow! I can comfortably do 1 property at a time but I feel like it takes 3-6 months just to process a property. I've been working with my favorite wholesaler, who started around the same time as me, but I'm only able to pick up 1 out of the 5 deals they offer me due to timing. I'd love some ideas on how to scale up quicker.

Thanks!

Jason
 

[Alberto Nikodimov]

I definitely Agree with @Arturo Matamoros! Have a plan, keep a goal in mind and keep readjusting your strategy in order to reach the level you are looking for.

You will only get so far if you are a one man show! You need reliable contractors, private lenders, more sources providing you deals and most importantly a reliable property management company that you can partner with! Meet with your team, tell them what your goals are and you will be surprised how much help you will get! You won't be the only one doing the thinking and the creative work! Your team also works with other clients and they have their own experiences. You will get a professional advice and perhaps even ideas of how to grow faster! Most importantly, you will get access to their network!

Sometimes you are one partner away from scaling your portfolio tremendously!