764: Making $200K/Year in JUST 3 Years with This High-Cash Flow Strategy w/Brittany Swait

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 11 May 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

For real estate investors, passive income is almost always the goal. You may be making good money at your job, but the long days, longer nights, lack of sleep, and limited time off is probably leaving you feeling fatigued. This is exactly how Brittany Swait felt after a severe diagnosis put her life in danger. She was working harder than ever, but the time with her family was slowly slipping away. That was until she started investing. Brittany was able to build a fifty-nine-unit rental property portfolio in just three years. These properties bring in a staggering $200,000 per year passive paycheck, allowing Brittany to focus on her family, not take tasks from a boss. But this portfolio wasn’t easy to build, even though it happened quickly. Brittany had to learn the BRRRR method, take considerable risks (like draining her retirement accounts), and put herself in an entirely new position. Now, just a few years later, Brittany is building her rental property portfolio at a fast pace, but she loves every minute of it. In this episode, she’ll walk through the exact strategy she uses to make such high cash flow, her five tips for remodeling and renovating that will save you TONS of time, and how she’s been able to pull her cash out of the deals she’s doing. If you want to scale your real estate portfolio, Brittany is the person to listen to. In This Episode We Cover: The one skill that allowed Brittany to scale from zero to fifty-nine rentals in three years Medium-term rental investing and how to triple your rent with one strategic move Using Facebook to find off-market deals and the one factor that matters MUCH more than you’d think How to estimate rehab costs and five tips you MUST follow when doing a renovation BRRRRing in 2023 and how to get around the one-year seasoning requirement for a cash-out refinance Being more than your job and how to build a life that YOU are in control of And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 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 David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Episode with Rick Morin on Making $300K/Year with 11 Rental Properties Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties Book Mentioned in the Show: BRRRR by David Greene Connect with Brittany: Brittany's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-764 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast Show, $7.64.
0:04.0	Just three years ago, I was working 60 hours a week for somebody else and now I have a portfolio of over $5.5 million.
0:11.0	It's going on everyone. This is David Green, your host of the Bigger Pockets Real Estate Podcast here today with my co-pilot and partner in crime, Rob Abbasolo. Rob, how are you doing today?
0:21.0	Good. Hey, you forgot to say that we're the biggest, the baddest, the best real estate podcast show on the internet.
0:29.0	I did not forget to say that. I just let you say it because I remember when I hosted this with Brandon and he never let me talk.
0:36.0	I'm not going to do the same thing. So welcome to saying the alliteration to start the show. We are the biggest, the best and the baddest real estate podcast in the world.
0:45.0	And on that tone, today's interview was with Brittany Swate, who has accumulated 59 units over three years with a foundation in property management using techniques that we talk about on this podcast.
0:58.0	It was an awesome show. Rob, what were some of your favorite parts? Very cool story full-time mom, full-time property manager, full-time building a real estate empire.
1:09.0	And I think for a lot of the newbies out there, they're going to love today's episode because personally, I think she totally demystifies rehab costs.
1:16.0	I think when you're getting into rehabs in the bird, where all you're like, man, I don't know how much things are going to cost. It's scary. How should I do this?
1:23.0	And she kind of just has a way of dispelling that and I think making it feel feasible to the everyday person. What about you?
1:29.0	Yeah, she did a wonderful job of giving very practical information mixed with the goal-setting element.
1:37.0	So this is when you're going to want to listen to twice. It's an amazing story. Please share it with anyone you know.
1:42.0	And before I throw it a rob in the quick tip, I just want to say, listen closely for the word, schmedium.
1:48.0	When you hear it, I want you to go to the comments and tell us what you think about our business idea.
1:53.0	It's a good one. I've already put a deposit on a Lamborghini because I know how big of a business this is going to be.
2:00.0	Yeah, so let's bring us in today's quick tip. What do you got for us, Rob?
2:02.0	Buy nice and not thrice. Thrice comes after twice. And if you want to know what this means, you'd have to listen to the episode because we get into the philosophy of buying quality things.
2:15.0	Absolutely. And that's all we're going to say. Listen more to understand why that can be beneficial in your business. Very powerful stuff though.
2:23.0	Okay, next up, let's hear from today's show sponsors.
2:26.0	Crypto doesn't sleep. So neither do we. Cracken client support is available 24-7, 365 days a year by call, chat, or email.
2:38.0	We're here for you whenever you need us. Give us a shout at crackin.com forward slash support proof, not investment advice. Crypto trading involves risk of loss.
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