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   Chase’s Resources: www.chasemaher.com Follow Chase on Twitter Follow Chase on Instagram Follow Chase on YouTube   Anson's Resources: Books: Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow (28-Feb-2013) Paperback Clockwork: Design Your Business to Run Itself Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine Links: www.ansonklau.com www.vive-houston.com instagram.com/ansonlaukw/?hl=bn instagram.com/vivedetailing/?hl=en