How They Are Buiding A Big Rental Portfolio With BRRRR Strategy With Peter Neill and Ron Lockhart (Ep 502)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.9 • 805 Ratings

🗓️ 31 December 2024

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

The BRRRR strategy was a lot easier a few years ago, but it's still possible to do today. Peter and Ron are proof of that.

They have done over 100 BRRR's in the last couple of years.

On this episode, we talk about how they are finding and financing deals today.

They also share the details and numbers for a recent deal.

We also discuss their cash flow goal for each property and their long-term goal of building significant wealth from their rental portfolio.

Peter and Ron also share advice on going from a few rentals to a large portfolio.

https://rentalincomepodcast.com/episode502

Transcript

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0:00.0	Inspiring interviews with today's top landlords.
0:04.7	This is the rental income podcast.
0:07.6	And now, Dan Lane.
0:09.7	I had someone email me the other day that said that the burr strategy doesn't work anymore,
0:14.4	that in this market, you just can't make the numbers work on a burr.
0:18.4	Peter and Ron, I wanted to get your take on this. What do you think?
0:21.8	Can you still burr in today's market? Yeah, I think yeah, absolutely can. I think it's a matter,
0:28.3	it may be a little more challenging than it has been in past markets, but there are always
0:35.4	deals out there, and I think it's just a matter of finding them.
0:39.2	But I think there is absolutely an opportunity out there for it.
0:43.4	You just have to know where to look and how to find it.
0:45.9	On the podcast today, Peter and Ron are going to share what they're doing differently
0:49.5	to make the birth strategy work in today's market.
0:52.9	Joining us on the show from Chesterberg, Pennsylvania is Peter Neal and Ron Lockhart.
0:58.7	We'll take a quick break to thank our sponsors.
1:00.9	We'll come right back and we'll talk to Peter and Ron.
1:03.6	It's a lot of work to find a really good rental property.
1:06.5	And when you actually find that property, you want to make sure you're working with a lender
1:10.1	that can get that loan closed.
1:12.3	The lender that I recommend is Chaley Ridge from Ridge Lending Group.
1:16.9	She's a nationwide lender, and her specialty is helping investors finance rental properties.
1:22.7	She has a ton of loan programs, and she can find something customized to you for your situation.
	...

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