The BRRRR Strategy is a fancy name for an old school real estate investing method where you would buy a house at a discount, rehab the house, refi-cashout, rent the house, and repeat the process to build wealth in real estate. In this podcast episode, Austin Rutherford will share how he used this method to buy $10 million dollars in real estate by the age of 27. Check it out!
2:06 About Auston Rutherford
2:43 How long have you been in the business?
3:14 What got you into real estate?
4:43 What sparked your interest in real estate?
5:18 Were you ever in the corporate world?
5:40 Was it easy to get started in the real estate business?
7:12 Are people born with the hustlers mentality?
9:17 What was your driving force to start so young in business?
11:28 Did a take a mindset shift for you to get into business?
13:17 What obstacles did you face?
16:46 What is the BRRRR strategy?
17:12 If someone didn’t have money or credit how can they do this?
18:21 What is considered a solid deal?
20:54 How did you get to the $10 million dollar mark?
21:18 What type of passive income amount are you looking for per property?
23:34 How long did it take for you to get to your first 20 properties?
24:30 What does stabilization mean?
26:44 Step by step BRRRR strategy game plan
27:37 What if someone doesn’t have great credit?
29:57 Will banks put a cap on your loans?
33:29 How to connect with Austin Rutherford
34:06 Recommended Reading
34:45 Can anyone implement the BRRR strategy?
35:12 Last words and final comments