BRRRR-ing to 16 Rental Units (WITHOUT a Ton of Money)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 17 February 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Buying sixteen rental units in one market?! Today’s guest has discovered the perfect investing strategy for newbies. You don’t need a ton of money or resources, and you can use it over and over to buy your first, second, third, or twentieth rental property. Tune in to find out what this secret strategy is and how to use it! Welcome back to the Real Estate Rookie podcast! After Seamus Nally’s brother showed him the off-campus housing model, they formed a four-way real estate investing partnership with other family members. Pooling their money helped them fast-track their first deal—a duplex they renovated and rented by the room. Before long, they had BRRRR’d (buy, rehab, rent, refinance, repeat) their way to sixteen units within the same neighborhood, which revitalized the entire community and forced HUGE appreciation across their real estate portfolio! In this episode, Seamus will show you how to combine the BRRRR strategy and partnerships to not only kickstart your investing journey but also scale your portfolio faster than you ever thought possible. Along the way, you’ll learn how to use home equity to fund more deals, find the best subcontractors for your home renovations, and more! In This Episode We Cover: The strategy Seamus used to scale to sixteen rental units in one market How to use the BRRRR method (buy, rehab, rent, refinance, repeat) Growing your real estate portfolio through the power of investing partnerships Crucial dos and don’ts when real estate investing with family members Buying rental properties faster by tapping into your home equity The value of building relationships with small banks and local credit unions Keeping high-quality tenants happy by focusing on customer service How to find (and keep!) the best subcontractors in any market And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram TurboTenant Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Grab Your Early Bird Tickets to BPCON2025 in Las Vegas, Nevada Grab Our Book “Real Estate Partnerships” Sign Up for the Real Estate Rookie Newsletter Find Investor-Friendly Lenders Real Estate Rookie 486 - Quitting His Job with Real Estate After Cracking the Cash Flow Code Connect with Seamus (00:00) Intro (00:34) Seamus’ First Deal (06:34) The Power of Partnerships (10:20) Revitalizing a Neighborhood (18:03) How to Fund Multiple Deals (23:50) Scaling with the BRRRR Method (29:01) Sweat Equity & Finding Contractors (34:41) Self-Management Tips (36:52) Connect with Seamus! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-524 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	One way to get started on your investment journey is working with partners to combine resources and money,
0:06.9	and then use the Burr method to accelerate all that hard work.
0:11.1	And our guest today pooled money with his family to buy their first property.
0:14.9	Use sweat equity to get it to market and has since built a small Burr Empire.
0:24.4	This is the Real Estate Rookie podcast, and I'm Ashley Care.
0:28.0	And I'm Tony J. Robinson, and welcome to the show, Seamus.
0:30.9	What's up, Bertha?
0:31.2	How are you doing, man?
0:31.8	Doing great.
0:32.4	Thanks, Ashley, and Tony, excited to chat today.
0:34.4	Yeah, thank you so much for joining us.
0:36.4	Can you give us a little story behind
0:38.9	your first real estate deal? Yeah, absolutely. I know everyone's first deal is unique and they come
0:44.7	to it from different places. What was really interesting for my first real estate deal, my brother
0:50.3	actually brought it to myself, one of our other brothers, and my father.
0:55.0	I'm the oldest of five kids.
0:57.0	And he was doing a project in college where he had to create a business plan.
1:02.4	And so at that time, he was living off campus, and he looked around and was seeing the need
1:08.4	for just good quality housing for college students and thought back to
1:14.1	Schenectady, New York, which is right near where we grew up. And the opportunity there for
1:20.1	off-campus housing was super, super sparse around union college. And so he did a little bit of
1:25.6	investigation, created this whole business plan, submitted it into school for a grade,
	...

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