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Disruptors

Making $1MM Tax Free – Alex Moses & Brian Higgins on How They’ve Done 350+ BRRRRs & Own 160+ Rentals

Disruptors

Steve Trang

Business, Investing, Careers

5741 Ratings

🗓️ 29 January 2021

⏱️ 65 minutes

🧾️ Download transcript

Summary


Alex Moses and Brian Higgins talk about how they originally started working together, were working on BRRRRs for out of state investors, and eventually buying BRRRRs for themselves. They also talk about where they get their deals from and have borrowed over $12MM in private money.



Video Replay of Interview with Alex Moses and Brian Higgins







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SHOW NOTES



Alex Moses & Brian Higgins on How They Did 350+ BRRRRs, Own 160+ Rentals, and Earned $1MM Tax Free.



With Alex Moses and Brian Higgins, BLH Properties LLC



January 27, 2021



About Alex Moses and Brian Higgins







Alex Moses tried college and found it wasn’t for him. Which turned out to be a good thing, because otherwise he never would have met Brian.







Brian Higgins was an insurance agent who didn’t like where his career path was headed. So he sold his insurance agency and decided to become a real estate investor, even though he didn’t know much about it at the time.



Alex and Brian met while taking a crash course to get their realtor’s license. After Alex sold several of his uncle’s properties to Brian, they started working with out of state investors and eventually teamed up to buy over 160 BRRRR properties in just a few years. Along the way they managed to make $1 million dollars tax-free, and plan to keep the same formula moving forward but with more organization and gusto.



Connect with Alex by email at [email protected], on Instagram at @alexmoses_realestate or Facebook at Moses15. Connect with Brian by email at [email protected] or on Facebook at brian.higgins.904



Show Notes



Alex and Brian discuss how they use the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) to build their portfolio as well as securing properties for their out-of-state investors. They also cover how they raised and paid back over $12 million in private investor money, and give you tips for working with banks for financing. 



Top 5 Takeaways from Alex and Brian:



5.  The BRRRR strategy is a great way to attract investors as well as build your own real estate portfolio for generational wealth.



4. Don’t be afraid to shop banks for the best financing arrangements. Banks vary quite a bit in their products, and you can always ask for more or exceptions to their normal terms.



3. If a deal is a good deal for an investor, it’s a good deal for you. Close on every good deal you find. 



2. You might be surprised how many people are looking to invest in real estate. But you’ll never know until you ask them.

Transcript

Click on a timestamp to play from that location

0:00.0

And this is a live show, so please ask your questions for Brian and Josh to answer.

0:04.2

You guys ready?

0:04.9

Yep.

0:05.7

All right.

0:06.5

First question is what got you guys into real estate?

0:10.0

Let me go first.

0:10.6

Yeah.

0:10.8

Yeah.

0:11.6

So, just to be quite honest with you, from 18 to 25, I'm 29 now, I had no clue what I was going to do with my life.

0:19.6

I'm the opposite of the stereotypical East Asian right so you probably know so

0:24.8

much Asian community yeah you'll be a doctor or dentist which one or you want to be.

0:28.1

Or lawyer right or nurse so I didn't go the college route I was a troubled kid

0:33.2

I'm kind I used to be embarrassed about you know what I'm about to say but I'm not anymore

0:38.9

since I found real estate but I actually got a 14 on my ACC I barely passed my mom got remarried

0:45.6

and moved to Dallas so I went went there she asked me she begged me to go to college so I went to

0:49.9

college went for two years and I did not earn a single credit. So she actually... Two years?

0:55.4

Two years. Yeah. Two years. I would pretty much go for the first couple of months of each year

0:59.5

and I just stopped going. So moved back to Oklahoma. My uncle, he took me in and he was like,

1:07.0

Alex, what are you going to do with your life? And I told him, I'm like, uncle, I don't know.

1:10.9

And at this point in my life, I'm 25, I have no desire to, like, have any ambitious goals.

1:16.4

I just don't care. I was working at U.S. cellular at the time. And he walks in and he says,

1:21.2

hey, you should go get your realtor license and go work with investors. And the reason why he pointed that out is because he's actually the only entrepreneur of the family. He owns rental properties. So he told me about this class and he told

...

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