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The video discusses a real estate investing strategy called the BRR method, which stands for Buy, Rehab, Rent, Refinance, and Scale. The speaker claims to have used this method to acquire $26 million worth of real estate without using any of his own money. He emphasizes that this method is for people who want to create financial freedom and control their future, not for those who want to buy one house every 10 years.
The BRR method involves finding distressed properties and purchasing them under contract for a low price. The property is then rehabbed using borrowed money, rented out, and refinanced with a bank to get a check for up to 80% of the appraised value. This process can be repeated to acquire more properties and scale your real estate portfolio.
To scale using the BRR method, you need to create systems around every step of the process and get coaching. Coaching can come in the form of paid subscriptions, masterminds, and mentorships, or free online resources. The speaker offers free training and mentorship for those who want to learn how to scale their real estate portfolio using the BRR method.
To take action and actually go out and do it, increasing your lead flow is important. This can be done by networking with wholesalers and real estate agents, driving for dollars, and using tools like the Deal Machine app and Prop Stream. Finally, you need extra funding to buy deals, which can come from short-term sources like hard money lenders, lines of credit, and private money lenders, as well as long-term sources like small local banks and credit unions. By following these steps, you can scale your real estate portfolio and achieve financial freedom.
The video discusses a real estate investing strategy called the BRR method, which stands for Buy, Re