All Forum Posts by: Kevin Perez

 What has your experience with Section 8? Positive/negative? 

@Kevin Perez I’m slowly scaling too. In the process of doing a cash out refinance to be ready to buy when I find my next deal.

My hardest part is finding money to do deals. The second hardest part right now is finding deals because my preferred market has currently been slow.

@Kevin Perez

We have scaled from 0 - $20M+ in a few years and here are some of the keys we will share:

1. It will be harder than you think

2. You are a company, run it like a company. You will need a rockstar team, you will need to spend money on corporate “stuff” especially legal to review agreements, contracts etc also get rid of gmail email addresses etc

3. It’s a marathon not a sprint, do not grow to fast to quickly

4. Relationships with others will be key to growing.

5. You are not the best at everything, find out what you are great at and bring in others to be great at what you are not

6. Having systems and SOP’s in writing is a must

7. Don’t cheat #6 when busy. For example it doesn’t matter if you are buying a $100k or $1M home, don’t cheat due diligence or any process.

8. Set yearly goes and break them down by quarter

These are just a few, could get more specific if you want

Hey Kevin!

We had a bit of an unconventional start in REI. Our overall business plan changed and was to scale about 2 months into our business. We first planned to Fix/Flip 5-10 houses in our first year, which many people we shared this with thought to be an audacious goal. After joining BP and changing our business plan, we now plan to BRRRR/Hold 50+ properties this year.

After many talks, and receiving much feedback, with fellow investors here on BP we knew we had to put systems in place if we wanted to even have a chance at obtaining our new goal. 

Build a Team. We ran across this Team Building Page on BP and used it as a template to start gathering the members of our Team.

Systems. As you scale, often times a good idea to do prior to scaling, putting essential systems in place to help you manage all of the additional work/tasks can be very helpful. A great book to read/listen to on the topic of scaling which I'd highly recommend, Clockwork, Revised and Expanded - By: Mike Michalowicz.

Organization. In our experience, when going from doing just a few projects at a time, to having many projects going on at any given time, being as organized as possible can help reduce feelings of being overwhelmed as you start to scale.

We are early on in our journey of scaling but just thought I'd give a brief overview of what we've been doing and what has helped us so far.

Good luck with growing your Rental Portfolio!