All Forum Posts by: Gil Ferro

Thanks, Brent. We're not using BRRRR with this plan. It adds a few extra steps that can "speed bump" the first deal getting done. The criteria set in the 7yr 7figs guide creates a total of 30% equity in the first year and saves 100% of the cash flow to buy the next property. 

In theory. 

Looking forward to seeing how the reality goes. 

Thanks, John.

Your thoughtful answer clarified more than just the nuts and bolts of these strategies. 

Honestly, it seems like I need the discipline and patients the 7yr plan requires. 

I have been exposed to a lot of information in a short time. Finding one good deal is a great goal to have.  Not "how can I work all these strategies I just learned this month."

I meet with my partner tomorrow to game plan so I'm glad I have this perspective going into that meeting.

Also, I know my partner wants more cash flow than less, and multi-units over SFHs so I am not going to muddy the waters with things I am not really that sure about. 

K.I.S.S. 

First Post, 

Hi BP community, 

My name is Gil and I am new to real estate investing (old to life though).

I just found BP at the end of Oct. after I reached out to some friends about REI and they both independently sent me here.

I live in SoCal and am partnering with a realtor friend.

I have been listening to podcasts, reading and gathering some troops. 90% of the info I am getting is from the BP site and its materials. 

I Just finished Brandon Turners 7yrs to 7figures guide, where he lays out a pretty simple plan to get a million in real estate in 7rs starting with 20k. 

If you are familiar with the guide, one if its main rules is to Keep it Simple. I am paraphrasing, but he warns against complicating the process which is based on simple math.

Part of the 7yr guide asks us to buy cash flowing multifamily properties at 20% of value (with 20% down) and then force 10% equity.

That is the quick backstory, now for the question:

Does the BRRRR strategy enhance or hurt the plan laid out in the 7yrs to 7 figures guide?

If I use BRRRR I will put an extra STEP in the PROCESS, but is it a complicated step compared to what I might gain in access to winning deals?

Happy Thanksgiving. 

Hey Mindy. I'm on iOS. Thanks for the reply.