Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 hours ago on . Most recent reply

User Stats

42
Posts
43
Votes
William Miller
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
43
Votes |
42
Posts

Just Realized I’ve Been a Landlord… Not an Investor

William Miller
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted

Hey BP fam — had a bit of a moment today.

I finally learned how to run real numbers (shoutout to everyone who posts breakdowns here — you’re the real MVPs), and decided to put my own properties to the test.

Let’s just say… ouch.

My Arizona property? Not perfect, but with some tweaks it can work.

My Texas property? Straight up a liability. Low appreciation, breakeven (at best) rent, and just eating up my growth potential. It’s basically a roommate who doesn’t pay rent and eats my snacks.

This whole time I thought I was investing — turns out, I was just “holding.” Huge difference.

Now I’ve got a new mindset: no more dead weight. I’m focused on real BRRRR deals that cash flow and grow long-term.

Crazy how learning the math turns confusion into clarity. Anyone else have that moment when you realized your “assets” were actually just expensive lessons?

  • William Miller
  • Most Popular Reply

    User Stats

    56
    Posts
    45
    Votes
    Brian Teeter
    • Little Rock, AR
    45
    Votes |
    56
    Posts
    Brian Teeter
    • Little Rock, AR
    Replied

    As Bruce said "Been there  / done that." After doing this for 30 years in Little Rock, have made a jillion mistakes and taken my lumps.  I like to think I have a masters degree and PHD worth of lessons I have paid for and learned (the hard way)!  But cant put them on my resume.

    But good for you on not getting discouraged and instead, retooling and moving forward. 

    Dont forget: While BRRRs are great, there are other strategies. For example, purchasing an existing, occupied rental.  Check with property management companies in your target area. Inquire if they have owners looking to sell.  Ask to be added to their list of buyers for future listings. These properties will be vetted, have history and performance you can analyze. Will likely be rented on day one, etc. I literally had an owner contact me yesterday that he is ready to sell 3 properties because he wants to 1031 into a commercial property. Not selling becasue they are bad, just because he has another opportunity.  In these type of situations, you can usually get a good deal because the owner is motivated to sell.  

    Keep on keeping....!

    • Brian Teeter
    business profile image
    Turnkey Property Management
    4.8 stars
    106 Reviews

    Loading replies...