BiggerPockets Real Estate Podcast

Podbit · BiggerPockets Real Estate Podcast

I Started Investing with Just $7,500. Now I Own Millions in Rentals

Explore episode Jul 6, 2026

Where this was said

The Landmark BRRRR: $80K to $450K in Franklinton

At 15:55 · chapter starts 13:56

This is the deal that changed everything. Remington identified a distressed 4-unit in Franklinton, an up-and-coming Columbus neighborhood, priced at $80,000. He had about $75,000 in savings and borrowed another $10,000 from his mom to buy it outright in cash. Then he brought his mentor — a seasoned local investor he'd met through a cold calling chain — into a 50/50 partnership: Remington owned the basis, the mentor funded the $150,000 renovation. Together they refinanced after an appraisal of $400,000–$450,000, pulling out all invested capital and then some. The deal also introduced Remington to delayed financing — buy with cash, renovate, then refinance above the original purchase price once seasoning is met. What made the deal truly remarkable wasn't just the numbers; it was the relationship infrastructure behind it — a mentor found through pure hustle and persistence.

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