Ep 60: [Austin Rutherford] How Austin Rutherford Built a $10 Million Dollar Portfolio at 27 Years Old

The BRRRR Strategy is a fancy name for an old school real estate investing method where you would buy a house at a discount, rehab the house, refi-cashout, rent the house, and repeat the process to build wealth in real estate.  In this podcast episode, Austin Rutherford will share how he used this method to buy $10 million dollars in real estate by the age of 27.  Check it out! Timeline: 0:00 Prelude 0:23 Introduction 2:06 About Auston Rutherford 2:43 How long have you been in the business? 3:14 What got you into real estate? 4:43 What sparked your interest in real estate? 5:18 Were you ever in the corporate world? 5:40 Was it easy to get started in the real estate business? 7:12 Are people born with the hustlers mentality? 9:17 What was your driving force to start so young in business? 11:28 Did a take a mindset shift for you to get into business? 13:17 What obstacles did you face? 16:46 What is the BRRRR strategy? 17:12 If someone didn’t have money or credit how can they do this? 18:21 What is considered a solid deal? 20:54 How did you get to the $10 million dollar mark? 21:18 What type of passive income amount are you looking for per property? 23:34 How long did it take for you to get to your first 20 properties? 24:30 What does stabilization mean? 26:44 Step by step BRRRR strategy game plan 27:37 What if someone doesn’t have great credit? 29:57 Will banks put a cap on your loans? 33:29 How to connect with Austin Rutherford 34:06 Recommended Reading 34:45 Can anyone implement the BRRR strategy? 35:12 Last words and final comments