005: How to Use the BRRRR Method to Create a Multimillion Dollar Real Estate Business
Dr. Vernard Hodges
What you’ll learn from this episode:
How Dr. Hodges applied the BRRR method to purchase his 1st property
The one reason why he thinks apartments are better than single-family residential
One secret to rehabbing every rehabber should know
He shares the best asset he owns… and it’s not real estate.
How he applied the book Rich Dad, Poor Dad to his real estate strategy
Dr. Vernard Hodges
Dr. Vernard Hodges is a native of Peach County, Georgia. He is a proud graduate of Fort Valley State University and earned his Doctor of Veterinary Medicine from Tuskegee University School of Veterinary Medicine. Dr. Hodges is the founder and owner of multiple successful hospitals, which all incorporate his vision to provide world-class service to his patients. On March 7, 2020, his TV show “Critter Fixers: Country Vets” premiered on National Geographic Wild.
Dr. Hodges' success in starting up multiple business ventures and his desire to create multiple streams of income led him to start a real estate holding company. Dr. Hodges’ real estate holding company started with an investment in one single-family home and has grown into a multimillion-dollar business comprised of several apartment complexes and commercial properties. He started out purchasing a single-family home exclusively, then moved to duplexes and triplexes before finally buying large complexes. He is a “buy” and “hold” investor, and his company reaps the benefits are residual rental income. Dr. Hodges believes that if done correctly real estate investing can create a path to wealth.
Dr. Hodges considers himself a serial entrepreneur and has invested in many diverse and successful ventures, ranging from automobile dealerships to fish farms. He started writing a blog about how to win by betting on yourself, which ultimately led to him writing a best-selling book, “Bet on Yourself: From Zero to Millions.” Bet on Yourself reached #1 on the Amazon Personal Finance Book List.
In addition to his businesses, Dr. Hodges takes his work in the community very seriously. He started the “It Takes a Village Foundation” in 2011. He sits on several boards and is a member of Omega Psi Phi Fraternity, Inc. He enjoys outdoor activities with his two dogs and watching sports with his 15-year-old son, VJ.
Website: IamDrVernardHodges.com
Facebook: Dr. Vernard Hodges
Instagram: @drhodges_critterfixervet