Cameron Philgreen built a diversified portfolio of 25 properties containing 35 units across Waco, Texas over eight years by combining multiple investment strategies. The full-time real estate investor and coffee shop owner relies on private money financing to execute buy, repair, rent, refinance, refinance (BRRRR) plays alongside traditional long-term rentals, fix-and-flips, and commercial deals.
Philgreen's approach mirrors what works in secondary markets like Waco, where acquisition costs remain manageable but cash flow potential attracts serious investors. By mixing strategy types, he reduces portfolio risk. BRRRR deals provide rapid capital recycling for additional purchases. Long-term rentals generate steady income. Flips inject quick profits. Commercial assets diversify beyond single-family housing.
The private money financing backbone proves critical. Unlike conventional lenders bound by strict underwriting, private lenders move fast and accommodate renovation timelines. This agility lets Philgreen close deals faster than competitors relying on bank financing, a decisive advantage in competitive markets.
The coffee shop ownership signals a common investor pattern: business cash flow funds down payments and reserves. Operating a commercial enterprise while managing 35 rental units demands serious systems. Most investors at this scale use property managers, contractors, and bookkeepers to handle daily operations.
For buyers in secondary Texas markets, Philgreen's success illustrates the math works outside Austin and Dallas. Waco properties still cash flow at cap rates traditional coastal investors dismiss. For landlords considering Waco entries, his mixed portfolio shows how to stack strategies for both growth and income.
Sellers benefit from increased investor competition driving offer volume. Tenants face tighter markets as investors buy single-family homes and convert to rentals, shrinking available owner-occupied stock.
Eight years building 25 properties suggests roughly three new properties annually. That pace requires