Ep 68: "BRRR"ing Your Business with Smaller Multifamily Properties
BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method is what enables our guest, Clay Hepler, to flip and wholesale his assets amounting to over $200 Million.
Join us as Clay shares specific techniques on how to woo your lenders, what are the sweet spots for multifamily real estate investors, and how to outstand your deals in the current competitive market. Tune in now and listen to our conversation!
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Clay Hepler tells how he started investing in the Real Estate
How buying house hack helped Clay drive through success.
What is the BRRRR method?
Where is the sweet spot of investors in larger multifamily properties?
Clay explains why, for him, it is better to invest in multifamily properties instead of single-family properties.
How many units does Clay look for when it comes to small multifamily properties?
Clay shares tips on how to get past the lender’s requirements.
How did Clay manage to get one deal done to build credibility.
Clay’s strategies to find market deals in today’s competitive market.
How did Clay manage to stand out in the competition to get contractors.
The buildings’ age that Clay prefers for their amenities.
Tweetables:
“You need to find a way to capture equity because equity allows you to build wealth.” – Clay Hepler
“It's really about finding people, relationships, lenders, contractors, sellers, and just working that funnel constantly..” – Clay Hepler
“We need to find the right lenders with the right debt terms to fit our business model..” – Jeremy Moyer
Links Mentioned:
Bigger Pockets Podcast Website
About Clay Hepler
Clay is a multifamily investor, educator, and cash flow specialist. He is the Principal at a boutique investment real estate firm, Hepler Acquisitions.
Hepler Acquisitions focuses on purchasing value-add real estate properties and increasing their worth through diligent construction management and adding visionary yet functional design schemes to provide sanctuaries for their residents.
Clay has purchased over $6,000,000 of multifamily real estate in the Greater Pittsburgh area over the past 24 months using a combination of his own capital and private capital.
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