LWC 26: How to Use the BRRRR Method to Build a $5.5m Real Estate Investment Portfolio with Anson Lau

Anson Lau is the owner and creator of Vivë Auto Detailing, a premium Auto detailing and protection shop in Houston. He has been mastering the art of business and investing since 2014 by building systems to replace himself and amassing over $5,500,000 in Real Estate Assets. Anson uses the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method to purchase properties that cash flow via Section 8 tenants. 

Tweets:

“First things first, never rely on one contractor.” – Anson Lau // Life Worth Chasing Podcast // Tweet This!

“When you underwrite a lot more deals, you can buy a lot more deals.” – Chase Maher // Life Worth Chasing Podcast // Tweet This!

“If you’re BRRRR-ing your first property, focus the first two, three years saving up that large chunk of capital and then go from there.” – Anson Lau // Life Worth Chasing Podcast // Tweet This!

Takeaways and Key Topics:

  • Build your property like a Toyota
  • Don’t buy blindly
  • Buy conservatively
  • Invest intentionally
  • Find quality tenants
  • Share your progress and you might find personal investors
  • Don’t let the haters get you down
  • Expect 50-60%, hire someone else to finish the other 50%
  • Everything is a learning experience
  • Formulate structured teams
  • Have a plan A, B and C
  • Learn to effectively underwrite

Resources:

Books – 

Links – 

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