237: Partnerships & BRRRR Investing While Working Full-Time With Ian Reeves

2017-07-27

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In this episode of The BiggerPockets Podcast, we’re excited to talk about two incredibly powerful strategies any real estate investor (new or experienced!) can use to grow their business: partnerships and BRRRR investing. Today’s guest, Ian Reeves, used a combination of both these strategies to build an incredible portfolio in just the past few years, having started after listening to this very podcast. This episode is sure to blow your mind with both education and entertainment, so sit back and prepare to have your world rocked forever!In This Episode We Cover: How Ian got starte...

Today’s guest, Ian Reeves, used a combination of both these strategies to build an incredible portfolio in just the past few years, having started after listening to this very podcast. This episode is sure to blow your mind with both education and entertainment, so sit back and prepare to have your world rocked forever!

In This Episode We Cover:

How Ian got started
The details of his first property
Why house hacking is a good idea
How he has 65 units already
Why he chose partnership
Tips for finding the right partners through BiggerPockets
The pros of being a part of an REI meetup
What you should know about the BRRRR strategy
A look into whether you should buy expensive properties
Where he got his initial loan
The dangers of commercial loans
The importance of having the right mindset
The secret to scaling quickly
The worst deal he has ever done
And SO much more!

Links from the Show

BiggerPockets Forums
Creation Festival Northwest
10th Avenue North
Fincon
House Hacking 101
Brandon’s Instagram
Mindy’s Instagram
BiggerPockets Events
500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
Tim Ferriss Show: Derek Sivers
How to Find and Fund Real Estate Deals with Anson Young

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
The Millionaire Real Estate Investor by Gary Keller
The Miracle Morning by Hal Elrod
Set for Life by Scott Trench
The One Thing by Gary Keller and Jay Papasan
The Book on Rental Property Investing by Brandon Turner
The 4-Hour Work Week by Tim Ferriss
Mastery by Robert Greene
80/20 Sales and Marketing by Perry Marshall

Fire Round Questions

Mailing campaign – letter, post cards (Still a good idea?)
I just turned 22, what is the best path for a strong portfolio?
How the Heck Are You Doing 5-10 BRRRRs Per Year?!
Looking for networking advice
Partnership Learning Process

Tweetable Topics:

“It’s a dangerous situation when you are not reinvesting your profits.” (Tweet This!)
“Fifty percent of a deal is better than 100 percent of no deal.” (Tweet This!)
“Just tell the people what you’re doing and they can sense the passion.” (Tweet This!)
“All the information that you could ever want is already out there. It’s up to you if you implement or not.” (Tweet This!)

Connect with Ian