36. How to 3-5x Your Returns with the BRRRR-bnb Strategy

Join Blake Dailey, the Multifamily Journey Podcast host, as he talks about how to increase your cash flow multiple times over with the BRRRR’n’b strategy. Here, BRRRR’nb stands for Buy, Rehab, Rent through Airbnb, Refinance, and Repeat. This strategy involves flipping distressed properties, renting them out, cashing out, and refinancing them to fund other rental property investments. BRRRR’n’B has significantly impacted Blake because it allowed his income returns to grow much faster and create more cash flow. If you want to achieve financial freedom through short-term rentals, stay tuned and enjoy the episode! In this episode, you’ll learn: • The difference in cash flow and velocity of money between short-term and long-term rentals. • Why you need to get a below-market deal when looking to buy a property to rehab and rent out. • The importance of knowing your market demographic and how to rehabilitate a property to cater to it. • How to get more renters on short-term renting platforms: furnishing fundamentals, reputation management, copywriting, and so on. • How to refinance your rentals using commercial loans processed through local community banks. • And much more! About Blake Dailey: After receiving a football scholarship offer to the United States Air Force Academy, Blake Dailey went into the Air Force. While at the Academy, Blake read the book Rich Dad Poor Dad by Robert Kiyosaki, and it immediately opened his mind to new possibilities. Soon after he graduated, he and his wife bought their first single-family property, which they house-hacked. Blake began to send direct mail to owners of distressed properties in the area and quickly started buying and fixing up hurricane-damaged homes. In the process, he fell in love with creating wealth through real estate and achieving cash flow. Eventually, Blake realized he could refocus his efforts from single-family homes to even bigger deals and achieve his goals faster. Hence, he moved on to commercial multifamily, taking advantage of the economics of scale, increased efficiencies, and the ability for passive income. Nowadays, Blake also focuses on creating online content based on his multifamily journey to open the same doors for others. Connect with Blake Dailey and the Multifamily Journey on: LinkedIn | Facebook Account | Facebook Page | Instagram | Youtube