Escaping the Rat Race with the BRRRR Method with David O
Escaping the Rat Race with the BRRRR Method with David O
Escaping the Rat Race with the BRRRR Method with David O
Welcome back to the Passive Wealth Strategies show. Today we meet our guest David “David O” Ounanian and he’s going to share how he escaped the rat race, came up with the BRRRR method, and why you should invest in real estate.
David “David O” Ounanian is the Founder of My Agent Investor. He was a full-time software engineer who spent over a decade climbing the corporate ladder only to be trapped in financial debt and living paycheck to paycheck before he became an active real estate investor. He has dreamed of financial freedom for his wife and children and through real estate, he has made passive income a reality. Beginning in investing is a challenge and David O is passionate about helping new and out-of-state investors become financially free while avoiding the mistakes that he made starting out.
[00:01 - 06:03] Opening Segment
- David O gives us an introduction about himself
- As a real estate agent and investor
- David O shares his journey as a software engineer to real estate investing
[06:04 - 09:29] Escaping the Rat Race
- David O talks about his first deal
- Take the leap of faith
- “I didn’t know what I didn’t know.”
- Leverage fear
- Get help from experts
[09:30 - 23:50] The BRRRR Method
- Buy, Rehab, Rent, Refinance, Repeat
- Using the same capital in building a portfolio
- Investing is Active and Passive
- Infinite Return
- Working with the experts
- “Most agents suck.”
- David O shares how his business started
- Looking using the financial lens
- Top 10 Reasons to Invest in Real Estate
[23:51 - 33:01] Closing Segment
- Quick break for our sponsors
- What is the best investment you've ever made other than your education?
- Single family house
- David O’s worst investment
- His first deal
- Not knowing what he was doing and not getting any help
- What is the most important lesson that you've learned in business and investing?
- “Begin with the end in mind.”
- Connect with my guest. See the links below.
Resources mentioned:
Tweetable Quotes:
“We’re not far from that scenario where you’re not gonna need a real estate agent to buy a property.” - David O
“You better find an agent that’s investing in real estate themselves.” - David O
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Connect with David O through LinkedIn.
Facebook: @agentdavido
IG: @agentdavido
Visit his website: https://www.agentdavido.com/ or http://www.wealthagents.com
