Episode 237 - Make the BRRRR Method in Real Estate Work for You: Jessie Lang Shows Us How

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11d ago 57:25

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In just a little over a decade, Jessie Lang went from having $400 left in her bank account to owning a real estate portfolio worth millions of dollars in appreciation value alone. She didn’t have a million dollars or a team of investors to make this happen. Learn how she used the BRRRR Method (Buy, Rehab, Rent, Refinance, and Repeat) to her full advantage to increase her real estate portfolio, starting with renting out two extra rooms in a condominium soon after she graduated from college.

Realizing how investing in real estate could give her freedom over her time and finances, she applied the BRRRR Method and saw exponential growth almost at lightning speed. She bought good deals on the real estate market, renovated them, rented them out, used the rent to buy more doors, and repeated the whole process. In less than 5 years, Jessie grew her portfolio from 22 doors to 75 doors.

As the cash flow paid for the properties, she found that she had time to pursue her other passion and career. Because she’s able to manage much of her portfolio remotely, she travels for leisure and coaches others on the proven BRRRR system to build one’s wealth through rental properties.

She shares both the triumphs and the setbacks that she’s learned in the decade-plus that she’s been growing her business, and gives an overview of the key topics in her book, “Rentals Made Easy.”

Be inspired by Jessie’s story and get a glimpse of how it’s truly possible—yes, even in this economy—to grow a real estate empire, and earn millions without having to put up millions in capital to begin.

PODCAST HIGHLIGHTS:
[3:34] Jessie’s Start in Real Estate Rentals
[13:26] Quitting Her Job and Traveling the World
[14:11] Managing Rentals Remotely and Easily
[18:10] A New Job and A New Life in Ohio
[23:32] Investing More to Grow Her Portfolio
[26:21] Realizing Real Estate Can Be a Career
[27:37] Renovation Work and Other Real Challenges
[30:05] 22 Doors on the First Year of BRRRR
[32:45] Advice for Different Markets
[35:23] The Impact of Rising Costs
[35:41] Coaching to Succeed in Real Estate
[36:29] Learning from Financial Losses
[39:49] How Much Passive Income She’s Making Now
[40:37] How She Stays on Top of her Portfolio
[41:54] The Freedom Real Estate Gives You
[43:38] Important Topics in Jessie’s Book, “Rentals Made Easy”
[44:35] The Best Way to Find a Good Deal on the Market

HOST
Craig Curelop
📸 IG: https://www.instagram.com/thefiguy
📘 Book: https://store.biggerpockets.com/products/the-house-hacking-strategy
🏘️ Buy Real Estate: https://bit.ly/3V3QDze
GUEST
Jessie Lang
📸 IG: https://www.instagram.com/jessielangofficial/
📘 Book: https://www.amazon.com/Rentals-Made-Easy-Step-Step/dp/B0DYVDCML3
📱Facebook Group: https://www.facebook.com/groups/unlockedguide

277 episodes

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