BRRRR Investing Basics: Step 5, Repeat
This is the easy one, just do it all over again! You’ve done the work and you have your initial investment back in your pocket, now go out and repeat!
By now, you have some experience. You’ve worked with a few contractors and you’ve treated them fairly, they’ve treated you fairly, you have the basics of a team built now.
Where do you find your next deal? You might be surprised- now that you’ve got some contacts, sometimes those deals come to you. At Boise TurnKey, we’ve had contractors bring us deals, past clients bring us deals, realtors, tenants, etc. Once you get your name out there and people trust you and you do business fairly and honestly, people will hear about it. Success begets success.
Finally- don’t write off the MLS. People like to assume that deals cannot be had on the MLS, but 95% of the property sales happen there- no one of those is a good deal? Well, not all of them, but there are deals there. Keep your eyes peeled and know when to act.
Get out there and build that portfolio!
