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Most BRRRR videos show you the finished product and the equity the investor pulled out. This one shows you where a deal goes wrong while it's still happening.

Corey just had an appraisal come back about $250,000 under what he expected on a 12 property, 16 unit portfolio in New London, Wisconsin. That miss turned a deal where he'd walk away with none of his own money left in it into one where he's looking at putting roughly $180,000 into it that he never planned for. The rehab is still in progress as he tells this story.

Corey still believes in the BRRRR strategy and would do this deal again. But there are a few specific spots where it can bite you, and almost all of them come back to the appraisal and the terms of your financing.

What's covered:

• A quick refresher on what BRRRR is and why recycling capital is the whole point
• Why every piece of the strategy depends on one number: the appraisal
• How a 10 percent miss on the appraisal costs far more than 10 percent, because lenders lend a percentage of that value
• The exact math on how a $250,000 appraisal drop became a $200,000 hole in loan proceeds
• Why stuck money is the real danger nobody talks about, even when you don't actually lose it
• The mistake Corey made by not attending 12 appraisals scheduled hours apart, and why showing up moves the number
• How to represent yourself at an appraisal if you can't be there in person
• What a seasoning period is and how it can lock your cash in a deal for a full year
• What loan terms are realistic from community banks, DSCR lenders, and credit unions
• The three things that cut out most of the ways BRRRR bites people

Want off-market deals across northeast Wisconsin where a BRRRR is actually on the table? Join the buyers list free at WisconsinDiscountProperties.com.

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Some people have been on the Wisconsin Discount Properties buyers list for two years and have never bought a single property. They get every deal, they run the numbers, and nothing happens. Meanwhile somebody else on that exact same list is buying those deals. The difference almost never comes down to money.

In this solo episode Corey breaks down the two skills that actually separate the investors who buy from the ones who stay on the sidelines for years, and why most people are only working on one of them.

What's covered:

• Why more deal flow won't fix the problem, and how this is an execution problem, not an information problem
• What usually changes in someone's life right before they finally buy their first deal
• The two skills that matter: running numbers accurately and getting access to capital, and why people neglect the second one
• Why the traditional 25 to 30 percent down mindset builds a ceiling that keeps people out for years
• How coupling a line of credit or a private lender with a community bank can get you into a deal with none of your own cash at the closing table
• Why cheaper money doesn't just help you close, it helps you win the deal against other buyers
• The number one reason people miss out on deals: running their numbers too conservatively
• Why an inflated rehab budget quietly kills deals that actually work, and how to get better at scoping
• What to have lined up before a good deal ever hits your inbox
• How to use pre-inspected deals and inspection reports to sharpen your rehab estimates, even from out of state

Join the buyers list free at WisconsinDiscountProperties.com and start getting deals across northeast Wisconsin in your inbox every week.

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Everybody loves a success story. Almost nobody talks about what it takes to rebuild after everything falls apart. This episode is about exactly that.

Mike Boyea bought his first duplex in 2003 with no college degree and a lot of ambition. Then the 2008 crash hit and he lost nearly everything. A land contract that got foreclosed on, an arson, a string of poor decisions, and the lights literally getting shut off. He rebuilt from there, and today he runs over 50 rental doors and flips 60 to 70 houses a year, with new construction on top of it. He breaks down the financing buckets that let him move fast, why he'll happily pay more for private money in exchange for speed, and the hire he waited far too long to make.

Brad Chandler is a Wisconsin Badger who has done over 4,500 real estate deals. On paper he was a massive success, but he candidly walks through how five mistakes cost him $9 million, including a $1.9 million lawsuit driven purely by ego and a $930,000 loss on a house he thought he could subdivide. Brad connects those decisions back to the beliefs that quietly run 95 percent of our behavior, and shares the practical framework he now uses to catch himself before those patterns cost him again.

What's covered:

• How Mike went from a distressed starter duplex to 50 plus doors and 60 to 70 flips a year, all without a degree
• What losing nearly everything in 2008 taught Mike about tenants, properties, and the people he surrounds himself with
• Why Mike goes to private money before banks, and how stacking multiple financing sources keeps him from ever passing on a good deal
• The limiting belief that kept Mike from hiring for 15 years, and why the right people often do the job better than he can
• How Brad traced $9 million in business mistakes back to a single belief about his own worth
• Brad's framework for catching a negative pattern in the moment: get present, name the emotion, give yourself compassion, and get grateful
• Why fixing the relationship you have with yourself is what actually fixes everything downstream, including your business
• Brad's take on why chasing money to prove your worth backfires, and what happens when you build for impact instead

Get off-market deals every Monday at 6am: WisconsinDiscountProperties.com

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Thousands of people on the Wisconsin Discount Properties buyers list saw this deal. Not one of them made an offer. Corey ran the numbers again, liked what he saw, and bought it himself. It is now a flip on track to produce around $36,000 in profit.

In this solo episode Corey walks through his entire deal analysis process on a real property in Manitowoc, from the first look at the deal release all the way to the final number in his flip calculator. This is the actual step by step framework he uses on every deal he considers.

What's covered:

• How Corey uses a third party inspection report to spot the big defective items before spending real time on a deal
• Why he sends the inspection report and video walkthrough to a contractor before making a decision
• How he pulls comparables, adjusts for garage space, lot size, and condition, and why he still runs his own comps even when they are provided
• Why after repair value is the single most important number in the entire analysis, and why ten different appraisers will give you ten different answers
• How to run comps without MLS access using Zillow, including the square footage and lot size ranges he searches
• The full Flipper Force breakdown: ARV, purchase price, detailed rehab scope, fixed costs, holding costs, and selling costs
• Why 6 percent real estate commission is too much for an investor and how to negotiate it down
• How financing costs quietly kill deals, and what happens to the profit when the interest rate climbs or points get added
• Why the deal nobody offered on was actually a missed opportunity for thousands of people

The software Corey uses to run these numbers: https://flipperforce.com/?fp_ref=corey74

Join the buyers list free at WisconsinDiscountProperties.com and start getting deals like this in your inbox every week.

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Two of the most common excuses for not getting into real estate are "I don't have the time" and "I don't have the money." These two couples take both excuses off the table.

Joey and Krissi Schueler built around 20 doors while raising a family and running a dog breeding business on the side. Joey is one of the longest tenured team members at Wisconsin Discount Properties and has personally underwritten over 500 deals, which means he can size up a rental in about 20 minutes. Krissi left a long corporate career to run the flip and rental side full time. Together they run a mix of flips, long term rentals, and short term rentals, including a nine unit they BRRRed into a free and clear cash flowing property.

Justin and Moira Callan hold 48 units while both still working full time W2 jobs and raising four kids. Justin is a private banker and Moira runs digital marketing. On top of all that, they're converting a 1929 bowling alley in Sturgeon Bay into workforce housing using state and county lending programs most investors have never heard of, including one loan at a 1 percent interest rate.

What's covered:

• How the Schuelers used an income approach appraisal to pull every dollar back out of a nine unit, including their down payment
• The cost segregation and real estate professional strategy that lets one spouse's active income get wiped out by depreciation
• How the Callans built 48 units in the pockets of two full time jobs, four kids, and a high school coaching schedule
• The 1 percent and 2.5 percent loan programs the Callans stacked to fund workforce housing in a small Wisconsin town
• Why Moira bought a bowling alley she has never played a full game on, and how it pays for the housing above it
• Joey's fast underwriting process and why a deal that works as a flip gives you a built in exit even if the rental math gets tight
• The "what is your time worth" exercise and why paying a property manager 10 percent often makes more sense than self managing
• The hardest lesson both couples learned: letting go, trusting your contractors, and delegating everything that isn't finding deals or finding money

Get off-market deals every Monday at 6am: WisconsinDiscountProperties.com

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The number one thing that keeps people out of real estate is not deal flow. It is not knowing where the money comes from, and assuming they need a pile of cash they do not have.

Aaron Kramer has been a mortgage broker since 2018 and works with investors across northeast Wisconsin at Executive Mortgage. He breaks down house hacking from the ground up, including the VA loan that lets veterans buy a duplex with zero down, the FHA option at 3.5 percent down, and why lenders care so much about whether you have ever held a mortgage before. He also walks through DSCR loans, the investment product that qualifies you on the property's rent instead of your personal income, with no pay stubs, no W-2s, and no tax returns required.

Then Corey takes the second half solo to break down the BRRRR strategy, which is still the fastest wealth building tool he has found in real estate. Buy, rehab, rent, refinance, repeat.

What's covered:

• Why lenders want to see mortgage payment history before they will do long term financing, and how that affects first time investors
• The VA loan at zero down and the FHA loan at 3.5 percent down on a duplex, plus the appraisal condition issues that make FHA offers weaker in a competitive market
• Where your down payment is allowed to come from, including 401k loans, IRAs, and gifted funds from family
• How many times you can house hack in a row, and what makes a lender approve the third or fourth one
• The three things that make a DSCR loan different: no personal income verification, title in an LLC, and 30 year fixed rate financing
• How qualified rent is actually calculated, and why the lender uses the lower of your lease or the appraiser's market rent
• The 80 percent of ARV rule that makes a BRRRR work, and why lenders draw the line there
• What happens when your refinance appraisal comes in low, and why it is usually still a good deal
• Why a return on investment with none of your own money in the deal is mathematically infinite
• The bonus depreciation strategy that let one couple keep more money by having a spouse leave their job
• Why a 7 percent rate and a 5.85 percent rate produce almost identical equity after five years

Get off-market deals every Monday at 6am: WisconsinDiscountProperties.com

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Most new investors try to do everything at once. Flips, rentals, networking, analysis, all while keeping a W2. Colin and Jenny both learned the hard way that focus is what separates the investors who close deals from the ones who stay busy without getting anywhere.

Colin grew up managing flips with his dad in Milwaukee since he was six years old, spent three years in UW Madison's number one ranked real estate program in the country, and has been working acquisitions and asset management on flips since high school. Jenny Buell accidentally became a landlord in 2012 when she couldn't sell an underwater condo in Madison, moved to northeast Wisconsin, chickened out for a few years, and came back in 2018 to build a portfolio that includes a single flip that netted her over six figures.

What's covered:

• How Colin learned to evaluate rehab costs just by spending time at Home Depot, and why that knowledge protects you from contractors who take advantage of investors who don't know their numbers
• Why flipping and holding rentals are two completely different businesses and why trying to run both at the same time while keeping a W2 almost guarantees you get average results in both
• How Jenny went from a Craigslist rental and a downloaded lease to pulling six figures on a single flip in Green Bay's Indian Trails neighborhood
• The seller psychology lesson Corey uses on every appointment: price is never actually the most important thing, and the flip phone analogy that makes it click
• Why Jenny set up her HELOC before she had a single property under contract and how that preparation let her move fast when the right deal showed up
• How Jenny raises private money through relationships built over years of showing up to the same rooms and doing what she said she was going to do
• Colin's zero deal summer: what happened when he tried to do acquisitions, networking, and analysis all at once and why he would do it completely differently now
• How Jenny structured a rent-back arrangement with a 70-year-old seller who was still living in the property, and what that deal taught her about solving problems for sellers instead of just throwing a number at them

Get off-market deals every Monday at 6am: WisconsinDiscountProperties.com

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Two completely different sides of real estate, same goal: building wealth the right way in Wisconsin.

Mason Clark, chief investment officer at Park Place Holdings, breaks down how he and his partner built a commercial portfolio worth well over nine figures, almost always with little to no cash down. He walks through real deals including an office building they bought for $2.5 million that appraised at $9.5 million, and the negotiation tactics that got him there.

Fran Bourassa, owner of Vantage Point Property Group and the man who manages all of Corey's rental properties, started as a self-managing landlord before building one of the largest property management companies in northeast Wisconsin. He breaks down exactly what to look for when interviewing a property manager, what self-managing actually costs you in time and money, and why he thinks northeast Wisconsin might be one of the best cash flow markets in the country.

What's covered:

• How Mason structures commercial deals with little to no cash down, using bank financing and seller credits instead
• The office building Mason bought for $2.5 million that appraised at $9.5 million, and how he negotiated the seller down from a $17 million ask
• A seller who wrote Mason a $150,000 check just to get out from under her property
• How Mason recouped nearly $1 million of his purchase price by selling half a vacant building to a church
• What Fran says is the number one issue investors have with their property management company, and the questions to ask before hiring one
• Why Fran believes northeast Wisconsin has some of the best cash on cash returns in the country, after researching 180 markets nationwide
• The eviction timeline difference between Brown County and southern Wisconsin, and how it compares to states like New York and California
• Fran's near miss with a tenant over a broken window screen, and why he eventually stepped back from self-managing

Get off-market deals every Monday morning: WisconsinDiscountProperties.com

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Most people wait too long. They wait for more money, more experience, more certainty. These two didn't.

Carter Crowley dropped out of UW after one year, grinded as a buyer's agent for five years, and made the call during Covid to go all in on flipping. He now does around 50 flips a year in the Fox Valley, buying most of them with just closing costs out of pocket thanks to a community bank relationship he spent years building. Carter and his dad started with a $65,000 deal financed by family, a credit card, and a lot of sweat equity. Today they're financing at 85% of after repair value through a local lender who knows and trusts them.

Connor DeRenne graduated college in Milwaukee, started at Wisconsin Discount Properties two weeks later, and closed on his first investment property less than a year out of school. He bought a duplex nobody else made an offer on for $245,000. It appraised at $290,000 on day one. Thirty thousand dollars in equity just from buying right.

In this compilation episode you'll hear both of them break down exactly how they got started and what they'd tell anyone sitting on the fence right now.

What's covered:

• How Carter went from $65,000 family loan and a credit card to financing flips with just closing costs out of pocket
• The community bank relationship that changed everything for Carter's business and how long it took to build
• How Connor approached his dad as a private money partner, what he showed him to overcome the fear, and how they structured the deal
• Why Connor's goal went from 50 doors in seven years to 100 doors in one conversation with his dad
• Carter's profit per month formula and why it determines whether he does a full rehab or just cleans and relists
• Carter's exact offer formula: ARV times 90%, minus rehab, minus profit margin
• What Corey learned the hard way putting a manufactured home on a Jackson County property with surprise costs that blew the budget
• Why losing on a deal isn't the problem. Never doing another one is
• What Connor told himself in the two-hour window after his offer got accepted when he almost talked himself out of it

Get off-market deals every Monday at 6am: WisconsinDiscountProperties.com

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If you're sitting on the sidelines right now, not buying deals, there's a good chance the real reason isn't the market, the interest rates, or the deal flow. It's that your financing options are thin and you've been telling yourself a story about why that's okay.

Corey sat down with ten investors at a recent REI Success Meeting in Green Bay and asked a simple question: when was the last time you did a deal? Most of them hadn't bought anything in far longer than they realized. And when he dug into why, almost every answer came back to money. Not a lack of it. A lack of organized access to it.

In this solo episode, Corey breaks down the four buckets of capital every Wisconsin investor needs to have ready before the right deal shows up.

Hard money: what it costs in northeast Wisconsin, what loan to value you can expect, and why it should be your last resort but your first call to set up.

Home equity lines of credit: why dead equity in your house is the most overlooked funding tool in real estate, how to get one at 90% loan to value, and how to recycle it across multiple deals in a single year.

Private money: the exact conversation starter Corey uses with family and friends, how to structure the deal so your lender is protected, and why baby boomers are sitting on more capital right now than at any point in history.

Community banks: how Wisconsin investors get after repair value loans at the time of purchase, why this is nearly impossible to find in most other states, and what it costs to get started.

If you can build at least two options inside each of those four buckets, financing stops being an excuse. This episode shows you exactly how to get there.

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