From Starting Over at 30 to 17 Rentals (and Financial Freedom) 5 Years Later
Summary
This article details Sarah King's journey from a post-divorce financial reset to building a portfolio of 17 rental properties in just five years, using the BRRRR method. Hosts can learn how she overcame challenges and utilized creative financing strategies to scale her real estate investments. Consider the BRRRR method and leveraging your own resources to scale your business.
Key Insights
- •Sarah used the BRRRR (buy, rehab, rent, refinance, repeat) method to scale with limited capital.
- •Sarah King scaled her portfolio to 17 properties in 5 years after liquidating all her assets due to a divorce.
Action Items
- ✓Consider the BRRRR method to scale your real estate portfolio, focusing on renovation and refinancing for growth.Effort: mediumImpact: high
- ✓Investigate proof of funds from your IRA or investment accounts to help you get pre-approved and completely clear to close.Effort: lowImpact: medium
Tools & Resources
- →BiggerPockets Podcast: BiggerPockets Podcast, episode 698
More from Growth & Marketing
Airbnb is launching a new host bonus as travel demand surges for the upcoming World Cup. This strategic move aims to encourage more listings and capitalize on the expected influx of guests. The initiative highlights Airbnb's efforts to prepare for peak season travel and its ongoing support for hosts.
This article discusses the emergence of a new platform designed as an 'Airbnb' for hourly creative spaces. It aims to solve the difficulties creators face when finding and renting spaces. While not directly about STRs, it highlights a potential niche market that could be applicable to hosts considering offering hourly space rentals, indicating a shift towards accommodating creative industries.
Airbnb is offering a $750 incentive to attract new hosts to list their properties for the World Cup. This move aims to ensure sufficient accommodation for visitors during the event. This initiative highlights the importance of short-term rentals in accommodating large-scale events and provides a financial benefit for new hosts.
Curated by Learn STR by GoStudioM