12.02.2020 - By BiggerPockets
Investor couple Anam and Aamir have been hard at work during COVID, locking down deals and BRRRR-ing more and more houses. Through years of system-building and deal mistakes/lessons, they were able to create a system that allows them to save time searching for deals and know immediately whether a property is worth the investment or not.
After pinpointing exactly what they wanted in a deal, Anam and Aamir took the time to develop systems and processes that would help them get properties rehabbed and rented faster.
So how did they finance these deals? HELOCs, credit cards, cash, hard money, and other creative financing.
This is what allowed them to build a portfolio of 21 units within a few years, all while working full time jobs that take up much of their waking hours.
With their deal criteria system (A.R.E.A), they’ve been able to turn their dreams into reality. Now at only 28 and 30, Anam and Aamir are on track to close more and more deals, securing their financial independence all while building appreciating wealth.
In This Episode We Cover:
How you can grow your rental portfolio, even during a pandemic
How to get your processes and systems down so they work for you
Using your partner’s strengths/weaknesses to inspire growth
How to use different creative financing strategies to get deals faster
How to find a hard money lender that works with your time-frame and ARV
What the A.R.E.A system is, and how it can help you find high-quality deals
The importance of running accurate comps in a desired area
Using your mistakes to make yourself into an educated investor
And SO much more!
Links from the Show
Real Estate Rookie Facebook Group
Ashley's Instagram
Tony's Instagram
Buildium
BiggerPockets Forums
BiggerPockets
Check the full show notes here: http://biggerpockets.com/rookie40
Learn more about your ad choices. Visit megaphone.fm/adchoices