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Real Estate Rookie

40: Using the “AREA” System to Buy 21 Houses in Just a Few Years with Anam and Aamir

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.81.7K Ratings

🗓️ 2 December 2020

⏱️ 58 minutes

🧾️ Download transcript

Summary

Investor couple Anam and Aamir have been hard at work during COVID, locking down deals and BRRRR-ing more and more houses. Through years of system-building and deal mistakes/lessons, they were able to create a system that allows them to save time searching for deals and know immediately whether a property is worth the investment or not. After pinpointing exactly what they wanted in a deal, Anam and Aamir took the time to develop systems and processes that would help them get properties rehabbed and rented faster. So how did they finance these deals? HELOCs, credit cards, cash, hard money, and other creative financing. This is what allowed them to build a portfolio of 21 units within a few years, all while working full time jobs that take up much of their waking hours. With their deal criteria system (A.R.E.A), they’ve been able to turn their dreams into reality. Now at only 28 and 30, Anam and Aamir are on track to close more and more deals, securing their financial independence all while building appreciating wealth. In This Episode We Cover: How you can grow your rental portfolio, even during a pandemic How to get your processes and systems down so they work for you Using your partner’s strengths/weaknesses to inspire growth How to use different creative financing strategies to get deals faster How to find a hard money lender that works with your time-frame and ARV What the A.R.E.A system is, and how it can help you find high-quality deals The importance of running accurate comps in a desired area Using your mistakes to make yourself into an educated investor And SO much more! Links from the Show Real Estate Rookie Facebook Group Ashley's Instagram Tony's Instagram Buildium BiggerPockets Forums BiggerPockets Check the full show notes here: http://biggerpockets.com/rookie40 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is

0:02.0

show number 40.

0:04.0

I think we did like four or five years in our first two years.

0:07.0

We didn't get much traction

0:11.0

but as soon as we started getting the processes down I think we were able to

0:14.3

pick up a lot of scale from that. My name is Ashley Kerr and I just got back from Florida about two hours ago and I am here

0:31.0

with my wonderful co-host Tony Robinson.

0:34.0

What's up, Ashley? You were such a trooper, right?

0:36.0

You touched down at the airport and get straight to your closet so you can start recording again.

0:40.0

I love it.

0:41.0

Yeah, I woke up at 4 a.m. to catch the Magical Express from Disney and

0:45.8

now I'm back in cold rainy buffalo and super windy today.

0:50.8

Yeah well how was the vacation?

0:52.6

Was it beautiful?

0:53.6

Was it lovely?

0:54.6

How's Disney world?

0:55.6

Yes, it was very nice.

0:56.6

And so we started out in an Airbnb with a pool, nice and relaxing, and then went into

1:00.4

the chaos of Disney. But yeah, it it was really nice it was my husband's

1:04.8

first time there and two my kids their first times there so it was exciting we

1:09.3

want the group of people but you have even more exciting news.

1:12.8

Where are you leaving to go?

...

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