Published: Oct. 21, 2021, 4 p.m.
Summer is over - Fall is upon us. The nights are getting chilly. It\u2019s time to break out the BRRRR method. Wait - is that a cold weather investing strategy? We will set the record straight today.
The BRRRR method is cool. Pun intended. I was doing this long before I knew it had a name. But it\u2019s still cool. You can buy unlimited rental houses with the same pot of money over and over again - if you do it correctly.\xa0
Our guest today, Nate Barger, has done it hundreds of times. He has perfected the process to the point that he now has a course just on the BRRRR method. The spreadsheet analytical tool that comes with this is worth 5 times the cost of the course. You are going to want to hear this interview. And after hundreds of BRRRR houses, Nate has moved on to apartments and hotels. Yes - hotels. More on that coming up later this year.\xa0
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News and Resources:\xa0 Mindset Moment:\xa0 Let\u2019s talk about credibility.\xa0
Using the right word.\xa0
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Questions from Listeners:\xa0 - Lynette, Milwaukee, WI, \u201cDo I need to be a realtor in order to be an effective investor?
Pros: Access to MLS, Set up your own searches, Best data for CMA\u2019s, Save money on commissions
Cons: Cannot pay referral fees to unlicensed individuals, disclosure requirements, continuing ed, much knowledge unrelated to investing. Selling your own flips is like fixing your own flips if you\u2019re a contractor. What you save is offset by the time you spend doing things you could and should be paying someone else to do. - Kimberly, Sandy Springs, GA \u201cI\u2019ve heard you mention that you have deals coming to your inbox every day. How do you do that?\u201d\xa0
- Lilly, Villages of Ocala, FL, \u201cMy husband and I are so tired of our rentals, but we are not tired of the cash flow. We are both in our late 60\u2019s. We\u2019d like to sell them to end the headache but aren\u2019t sure where we would put the money. Any suggestions?
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- Perhaps not sell - perhaps owner finance?
- Not an investment advisor, but as a suggestion, you could always look into private lending.\xa0
- Chanterelle, Long Beach, CA, \u201cI want to buy some rental properties in Atlanta. Can you connect me with resources there for buying and for property management?\u201d
- Larry, Atlanta, GA\xa0 \u201cI want everyone to know that the deal I brought you two weeks ago is now sold and closed. You said you would help me get it sold and you did. Thank you.\u201d (The power of networking)
- Celia, Hammond, IN, \u201cI listened to what you said and went out and made offers on three houses. Two of them got accepted! What do I do now? I don\u2019t have the knowledge or ability to fix and flip them, but I think the numbers are right, according to what I\u2019ve been hearing from you. Please tell me what\u2019s next?\u201d
Motivational Quote: \u201cWhen you invest, you are buying a day that you don\u2019t have to work.\u201d Aya Laraya \xa0
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