The BRRRR Strategy Explained and Improved.

It is true that most things in life can change with one little tweak. That’s how I built my $26 million rental portfolio - by learning the BRRRR method and making that small tweak that made the difference.

Watch this video to better understand the BRRRR method, what we changed, and how you can use it to build your own rental portfolio and scale it to millions like I did!

Key Talking Points of the Episode

[00:00] Introduction
[01:02] What did I tweak in the BRRRR method?
[02:24] A real life example using the BRRRS method
[05:15] Systems
[06:33] Coaching
[07:43] Action
[08:13] Leads
[08:51] Extra Funding
[09:25] How do you successfully scale and create financial freedom?

Quotables

“This video is for people who wanna create financial freedom, have the ability to quit their job if they want, have the ability to retire when they want to - basically, it’s for people that wanna control their future. This is not for people who want to buy a house every 10 years.”

“This is a process that I have done over and over, improved, and made better.”

“What people know as the BRRRR method stands for Buy, Rehab, Rent, Refinance, and Repeat. I took the Repeat out and changed it to Scale because I think most people want to scale, they don’t want to just go back and do what they did.”

“This method not only is a way to grow and buy rentals and scale, but it’s a way to never put a 20% down ever.”

“This initial lender can be a hard money lender, private money lender, your cash - it could be a lot of different things.”

“You need to create systems around every step. You need to create systems around buying houses at a discount, rehabbing houses, getting houses rented quickly, and refinancing with the bank.”

“It’s very naive of me and you to think that we can do this on our own, so you need to get coaching if you want to scale.”

“You need to take action. You can’t just sit back and analyze.”

“You’re gonna do most of your learning by taking action and actually going out and doing it.”

“The difference between successful people and not successful people is literally pretty much only taking action. Successful people aren’t always smarter, they usually don’t come from more money, they usually don’t have a huge leg up - it’s usually because they take action.”

“You have to increase your lead flow if you want to buy more houses.”

“If you wanna buy 10 houses in 2022, you can, but you’re probably gonna have to look at 50-75. You’re not gonna look at 10 houses.”

“If you wanna buy 10 houses this year, you do not have to spend a dollar on marketing. Just network with real estate agents and wholesalers.”

“You need extra funding. You can’t let money be a reason why you can’t buy a deal.”

“Don’t just use one. Have four or five hard money and private money lenders you can pick and choose from.”

___________________________________________
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[mohshad]

I'm mesmerized at how your hands goes behind the word SCALE. All other info was great too, thanks.

[shehzadsadruddin]

Bigger, Better, Faster, Stronger. Love it

[ozhu]

I feel that the SCALE acronym is applicable to a wide variety of businesses, not just real estate. I love your explanation of it!

[alankalupa]

Great advise. This just makes so much sense to me. One question.
When refinancing do you use your own credit history or the cash flow of the house.

[melantheoszimurri]

Oh man this is so simple. All I Gotta do is have a friend with 150, 000 to give to me on a flip to start out why did not think of that?

[homemail]

A video on how to find a reputable handy man or company to rehab your property if you are unable to do it yourself would be nice.

[sailinghome]

“I own 26 million in real estate” is probably a little misleading. You manage 26 million in property that the bank owns is likely more accurate. Nothing wrong with that, and you are doing very well, just saying your net worth is probably 20-30% of that number. Keep on keepin on though!

[alankalupa]

Exactly what do you mean Systems? Just having the right people for different parts of operation.

[improvechannelonrealestate]

Sam, another great video and I like how you broke down the “S” in Scale. Thanks for that.

We are at a similar place (over 200 units) in real estate; although I have a partner on most of my deals. And I am always interested in connecting with people that perform at high levels. That being said, which mastermind groups have you done that have been worth the cost for you?

[miker]

Great video!! May I please have access to the training you mentioned in a few comments?

[creamies]

I’m totally wanting to do a BRRR or a BRRS one day really soon. But I have a question? When you say that you don’t have to use any of your own money. Is that entirely true? In order to get money from a private investor, you have to have some money for down payments and fees right?

[Engineering_Science]

2:50 - What is Steve's contact? I can't find any private lender like steve without putting any "skin in the game" of 20% - 30% down, they never heard such things like this. 4:12 - What happens with the other 20%, is it not considered at all?

[allthingsbeauty]

Where would one a loaner like your buddy Steve?

[Poppinthepagne]

Explain refinance and why it’s beneficial for bank to do it?

You get 160k cash from bank, but they put you on mortgage for the property?

Let’s say for 30 years? Assume it comes to 1000$ mortgage + taxes + other expenses, correct?

And you paying these expenses with rental cash flow? Let’s say 1200$

So 1200 -1000 = 200$ a month cash flow,

It’s 0.1% roi on your property…

But main goal is property gets from 200k appraised to 250k appraised in 5 years, and you get 50k if you sell which will be taxed,

So you made around 10k a year?

Correct me if understood it wrong

Thank you

[santanaurias]

How are you not using your own money when it comes to a down payment and closing cost

[youngbraver]

I understand the concept, but wouldn't a refinance amount be based on the property after renovations which will be a new higher market place value?

[peterburstyn]

I have tried to reach your team numerous times when multiple properties come my way but never heard back is anyone monitoring your emails?

[JohnSmith-nnsz]

Can you make a video explaining how you get loans for your down payments ? For us just starting out

[forthevillians]

How do you pay back the 160k with just $1800 a mo (before expenses)

[RaphaelTeixeira-misn]

A new mortgage of 200K will not give you any cashflow at this point. That is the part that nobody explains