914: Deals We’re Doing: Rob’s Pink Pickle and How David Made $500K on ONE House914:
You hear us talk a lot about buying real estate, but what real estate deals are WE doing in 2024? Today, we’re pulling back the curtain on our portfolios, walking you through actual deals we’re doing, how much they cost us, how much they’re making, and why, surprisingly, one of us STOPPED buying real estate to focus on something that’ll make much more money. Want to know what it is? We’re about to give you every detail you need to repeat the real estate deals we’re doing!
First, Rob will talk about his Pink Pickle…yes, you read that right. It’s the newest bachelorette party-themed short-term rental in Austin, Texas! This short-term rental has everything you’d ever need: a pink pickleball court, a pink dinosaur, a mysterious red button that you SHOULD NOT PRESS, and an above-ground pool. This property took a LOT of work, but it only happened because of a real estate deal gone wrong.
Next, David gives a masterclass on how to make half a MILLION dollars in equity on one rental property. He also shows you how having an investor’s eye can allow you to TRIPLE the square footage of a home and skyrocket the rents, making you much more cash flow than you thought possible. And no one even wanted this property in the first place! How do you find these hidden deals? Stick around; we’ll show you!
In This Episode We Cover:
Whether to buy more doors or reinvest in your real estate portfolio in 2024 (and what we’re doing)
Housing market headwinds that are stopping most investors and how to get around them
Turning a house flip gone wrong into a cash-flowing short-term rental
How David turned a tiny house into a $1.3M triplex with a HUGE equity position
The BRRRRSTR strategy explained (buy, rehab, rent, refinance, repeat, short-term rental)
Why you always check for extra square footage BEFORE you make an offer on a house
And So Much More!
Links from the Show
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
How to Invest in Short Term Rentals (STR)
How to Invest in Real Estate With the BRRRR Method
Why I stopped buying real estate (and why you should too)
Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-914
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