644: 50 Properties in 6 Months Using the Supercharged BRRRR Strategy w/Chad Beeman

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 4 August 2022

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. In This Episode We Cover: Why the BRRRR method is perfect for those who are strapped for cash but want to build wealth How the current housing market is affecting BRRRR deals and the art of making multiple offers Becoming an “accidental millionaire” and how real estate wealth grows in the background Building a small team, learning to outsource, and developing the “Who Not How” mentality Real estate partnerships and how they can allow you to buy more properties using less money Why you should always double-check you’re at the right house BEFORE doing a renovation And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Listen to Our Interview with “Who Not How” Author Dan Sullivan Use the BiggerPockets Calculators to Analyze Your Next Rental Property Books Mentioned in the Show BRRRR by David Greene Who Not How by Dan Sullivan Connect with Chad: Chad's Instagram Chad's LinkedIn Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-644 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Poggy's podcast show 644.
0:05.0	The key is, you know, people, you know, having the right people around.
0:08.4	So what we did figured out is we've got to hire a rockstar team.
0:12.0	It will make the difference, you know, hiring people that have that
0:14.8	own mentality that really truly care.
0:16.8	Once we kind of figured out we have to bring on the right people,
0:20.9	it really solved the, you know, the majority of our,
0:23.8	the majority of our issues. We, we had a lot of bad stories in between
0:28.2	and to hire those key people and, and, you know, people that do,
0:32.4	do genuinely care and makes all the difference in the world.
0:35.9	What's going on everyone? This is David Green.
0:37.4	You are host of the Bigger Poggy's Real Estate Podcast.
0:40.0	Join today by my lovely co-host Rob Abasolo, where we get into a fantastic
0:45.2	interview with today's guest Chad Beeman, who has bought over 50 properties
0:50.4	over six months using the Burr method in Nebraska.
0:55.0	We get into some really cool stuff like how to scale, how to build systems,
0:58.9	how he's using a mentorship program to both teach people real estate as well
1:02.7	as find him deals.
1:04.2	And then how he manages the chaos of that many properties.
1:07.4	You also want to listen all the way to the end because there is a hilarious
1:11.9	and scary story about rehabbing the wrong house.
1:16.2	Nothing, it's definitely something I haven't heard before.
	...

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