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Partnerships in Real Estate Investing & Perfecting the BRRRR Method with Russel Hunt
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Russel Hunt is a real estate investor in Ottawa with a background in electrical engineering. He has explored different strategies in real estate investing and focused on the BRRRR method, and he is on the Self Wealth Real Estate podcast today to share his journey and the lessons he learned along the way.
Listen now to learn more about the BRRR method, how the pandemic impacted real estate investors in the Ottawa area, and how you can use your background in other industries to help you in real estate investing like Russel did!
Key Talking Points of the Episode
00:00 Introduction
01:22 What is Russel’s background?
04:01 What was Russel’s first real estate deal like?
06:12 How much has the value of Russel’s first property appreciated?
08:51 What are the benefits of owning property in student areas?
14:25 When did Russel start partnering with people on real estate deals?
17:27 What was Russel’s first partnership outside his family like?
22:10 What should people consider before doing a BRRR on a property?
25:21 How is Russel’s background in electrical engineering helping him with his deals?
26:05 What are some things to consider before partnering with someone on a deal?
29:09 How did Russel continue his real estate business after the pandemic?
35:50 What was Russel’s best real estate deal like?
37:48 What is the importance of telling people about what you do as an investor?
41:13 What was Russel’s worst real estate deal?
43:46 Why is it important to document your processes from the beginning?
44:40 How is Russel’s 12-unit project turning out?
48:45 What is a VTB mortgage?
51:18 Why is it important to review all the documents for properties before buying?
53:39 What is Russel’s advice for his younger self?
55:16 What is the most overlooked or overhyped real estate investing strategy today?
01:00:04 How can you get in touch with Russel?
Quotables
“I think the reality of doing a full BRRR and getting a ton of cash flow is unlikely nowadays – not that it could never happen, but it’s highly unlikely.”
“I think the best lesson learned there is to stress-test your deals, making sure you have a big bandwidth there, and also just staying up on economy trends.”
“Just keep talking about real estate. You’ll get people that see what you’re doing and see the successes, and they wanna tag along.”
Links
Email: Russel Hunt
Phone: Russel Hunt
(613) 807 0241
28 episodes
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