Snowballing to 6 Properties and $75K+/Year Cash Flow (After a Late Start!)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 24 February 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you want to get into real estate but fear you’re too late to the party? This middle-aged, middle-class couple thought so, too. Instead, they discovered a strategy that helped them fast-track their financial goals, bringing them to six rental properties and over $75,000 in annual cash flow! Welcome back to the Real Estate Rookie podcast! Brianne and Doug Hamilton didn’t want to rely on their W2 jobs for their financial security, so like many, they turned to real estate investing. In just a few years, they have scaled to six properties and built two real estate businesses. They’re on the path to financial independence, even though they started in their late 30s. If they can do it, YOU can, too! As you’re about to hear, Brianne and Doug have done it all. They’ve launched vacation rentals. They’ve bought properties with other people’s money (OPM). They’ve even cohosted and managed properties for other investors. But their secret to snowballing one rental property into six? The BRRRR method (buy, rehab, rent, refinance, repeat). Stick around to learn more about this strategy and copy the Hamiltons’ success, no matter what stage of life you’re in! In This Episode We Cover: Snowballing to six properties and over $75,000 in annual cash flow Scaling with the BRRRR method (buy, rehab, rent, refinance, repeat) The power of networking when you’re just starting your investing journey Choosing an investing strategy that aligns with your goals, skills, and passions How to buy a rental property using other people’s money (OPM) Tips and tricks for increasing your short-term rental bookings 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 Ask Your Question for a Future Rookie Reply “Like” Real Estate Rookie on Facebook Brianne & Doug’s Instagram Buy the Book “Buy, Rehab, Rent, Refinance, Repeat” Sign Up for the Real Estate Rookie Newsletter Find Investor-Friendly Lenders What Is the BRRRR Method & How to Use It to Invest in Real Estate Connect with Brianne (00:00) Intro (00:45) Why Real Estate Investing? (03:36) Buying the First Property (08:52) “Diversifying” with Vacation Rentals (16:31) Using Other People’s Money (22:08) How to Increase Bookings (31:10) Brianne & Doug’s Portfolio (34:35) Connect with Brianne & Doug! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-527 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	It's never too late to start investing in real estate.
0:03.2	Whether you're in your 20s and just starting to build your wealth or you're in your 40s
0:07.6	and looking for ways to diversify your portfolio, real estate can be a powerful tool for achieving
0:13.0	your financial goals.
0:14.4	We'll break down a strategy to explain how you can snowball to six properties.
0:23.5	My name's Ashley Care and welcome to the Real State Rookie Podcast.
0:27.4	This week, Tony is on paternity leave with his newest baby girl.
0:32.1	So we have Garrett Brown filling in to be my co-host.
0:35.6	Welcome to the show, Brianne and Douglas. Thank you guys so much for
0:40.7	joining us today on this episode of Real Estate Rookie. Thank you. So, Douglas, why don't you start
0:47.3	off telling us about your first couple of deals? Why did you choose to even get into real estate
0:53.8	in the first place? I'm a tradesman.
0:56.1	Brianne was, you know, worked for a big bank. And we saw some of my colleagues and some of
1:04.8	Brian's colleagues, you know, acquire real estate and secure their future and it just made sense.
1:12.5	Rian, what about you? Did you, did you have any experience in real estate and what were
1:18.5	your thoughts kind of getting into this? For me, it was really about an opportunity for us to
1:24.6	have another kind of mechanism to ensure our future was, you know, kind of secure.
1:31.4	And we would have options for our retirement when we got older and also to help our family
1:37.0	and our kids, you know, seeing that other people were doing it. And once we started learning more
1:42.3	and understood how we could finance that and really
1:46.5	utilize like the equity in our primary home, it just made sense because we're like, you
1:53.5	know, working the grind, working our day jobs is not going to get us that future wealth
	...

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