50 Rental Properties in 6 Months Using a Supercharged BRRRR Method

How can you get 50 rental properties in 6 months? The BRRRR method (buy, rehab, rent, refinance, repeat) is commonly known among real estate investors as one of the fastest ways to build a portfolio of rental properties. The beauty of the BRRRR strategy is that it takes less time and money to get properties to cash flow with baked-in appreciation. But what if you were to ramp up the BRRRR method, so instead of doing a BRRRR every year, you did it 125 times a year. Sounds a little insane, right?

Meet the man behind the madness, Chad Beeman, who has (and this is not an exaggeration) bought and BRRRRed fifty rental properties in the past six months. This is a staggering amount of properties to buy in such a short amount of time. The craziest part? Chad is planning on purchasing another seventy properties over the next six months! So how is he able to buy so many properties, scale so quickly, and do so without losing his balance?

Chad walks through his small team, system, and thought process that helps him stay so successful. He’s had some blunders in the past (like spending $30K rehabbing the wrong house) but has thought of them as “tuition” when investing in real estate. Thanks to these mistakes, he’s been able to grow faster, build more than a million dollars worth of appreciation, and shoot well past financial freedom in his real estate investing journey.

~~~~
Join BiggerPockets for FREE:
~~~~
Grab Your Ticket to BPCon 2022:
~~~~
Use the BiggerPockets Calculators to Analyze Your Next Rental Property:
~~~~
Buy David’s “BRRRR” Book:
~~~~
Listen to Our Interview with “Who Not How” Author Dan Sullivan:
~~~~
Connect with Chad on Instagram, and LinkedIn:
~~~~
Connect with Rob (Robuilt) on Youtube, Instagram, Tiktok, and Twitter:
~~~~
Connect with David and Rob on BiggerPockets:
~~~~
Follow David on Instagram:

Episode 644

00:00 Intro
02:45 Quick Tip
03:45 50 Rental Properties in 6 Months!
13:19 Has the Housing Market Affected BRRRRing?
17:14 Becoming an "Accidental" Millionaire
22:57 How to Make Multiple Offers
32:48 Building the Team and Rehabbing the Wrong House
42:42 Partnering Up on Properties
47:02 Deal Deep Dive
51:34 Famous Four

#biggerpockets #realestatepodcast #ep644

[tangel]

Rehabbing the wrong house: “I’m good.” 😂😂😂😂😂😂
Cheers to you guys for adding so much value and keeping it real. One of the best BP podcasts yet 🙌

[Livinginmetrodetroit]

We are seeing and finding BRRRR opportunities all over the Metro Detroit market that are still penciling out well and most better than expected/conservatively planned for. Very insightful video and look forward to more like it

[sophiachrist]

That story is pure gold! I will be extremely careful and triple-check everything when it comes to REI. 👍🏽💯😁

[Ultrapassive]

My question is.. how is he structuring the partnership deals.. how would you in his situation? LLCs for each partnership? Some kind of agreement document with everything in 1 LLC? Lots of details to this piece

[smashbass]

Working on my first BRRRR. Learning a lot. Keep the education coming!

[ryanmcgough]

Love it… this is our model and what we’re hoping to look like in 6 years. Thanks for sharing how you did it and that the team is the key. We’re starting to really build out our team now so it’s super relevant for us right now.

[KalebRowland]

Thank you for the constant content guys

[kimhimes]

The rising interest rates, especially when that comes in the middle of a project, can be very disheartening. Changing the rules in the middle of the game! But, it made me feel much better to hear him say that he has left 10-20k in some of his BRRR deals too. But, that strategy he is using makes me scratch my head and open my mind a bit!

[robertgust]

I've grabbed 16 doors in 8 months on my own.

[FrenchyTube]

Honestly big respects to this guy but I would not want to invest how he’s doing. He’s banking on appreciation and not CoC returns which to me is a big red flag, not to mention all in SFH? That sounds like a headache in 20+ years… hundreds of individual roofs to repair, etc. I would’ve just taken all that money to buy an apartment building of 100 units. But to each their own I guess lol.

[AberrantArt]

I just called an agent that listed a fix and flip, and I felt really confused after I hung up.
I asked if she recalled selling that property, she said yes and I asked if she works with people who do fix and flip (which was exactly what just sold)? She said "I don't do that" I asked if she comes across anything that is not ready to list on MLS but the person wants to sell, she said "I told you, I don't do that! I have plenty of clients to keep me busy, I don't get involved in ANY OF THAT."
Is this a common belief that agents have???

[propertykingkeith]

Correct me if I'm wrong so if someone brings him 5-10k on the refinance he makes them a 50/50 partner?

[natusfreedom]

Rising rates, has priced a lot of buyers out of the market, 6-7%, on a 400k house is 2200 -2500… mortgage, most Americans. Can’t afford these mortgage s ..not sure how, investors without capital, can invest if u don’t have capital & high interest rates .. numbers but, it’s gonna be hard

[chriskimandchloe]

How do u know what to give as a offer on a house as the market is just starting to go down? Like sellers are still thinking they have gold when they have silver. Say someone has a house up forsale for 350k but in six months the market will shot that house down to 180k? It’s just really confusing to me as to how to make a offer on a property that someone has listed for five times what it’s really worth?

[melodiesanford]

What are some of the questions that Chad had asked for quality workers in his team? We’re they different than the questions he had used in the beginning with just hiring his team or what was he asking them or looking for to identify that his contractors, property managers, and other key players were better quality…

[BlueCollarOptions]

Nice. I tried out the rental calculator to play with. The 5th entry I clicked the results. My finger bumped one of the the Intrest rate adjustment so I refreshed the screen and it locked me out of the reports. I didn't even get a chance to look at the numbers on my deal! But now all of my work is in your data base... Nicely played and very wise of Biggerpockets. But honestly that didn't make me want to upgrade to pro when I realized I couldn't even see the entries anymore on the 5 free ones. I'm suspicious of entering data into the calculators now. I feel like you just took my work and ran away with it and I feel foolish.

[gulftherapy]

How wild, I am looking to get started in the Destin/30a area. I currently own and live in 1 condo on 30a with 350k in equity and 85k left on mortgage. Heloc for down payments on investment properties?

[DarrellEssexdoubleteam]

Where’s the deals coming from? Mls, off market, wholesale?

[moswald]

Where are you going to find help? I live in Anchorage AK And I cant find anyone to do anything.

[laguardado]

I have 2 rental property now in AZ how can I BRR or make money to buy more property’s I feel stuck .