898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack

Episode • Feb 21, 2024 • 33m

What if you could make six figures on your first real estate deal? “Yeah, right! Where am I going to find a property like that?” you say. What if we told you that instead of finding a home-run rental property, you could build a better one? Now, not only do you have some instant equity once the house is built, but you also deal with none of the expensive capital expenditures, regular repairs, and common headaches that come with owning an older home. And you can do this even in the most expensive of markets.

When Lacey Russell was looking for an investor-friendly agent, she turned to BiggerPockets Agent Finder, where she found her rockstar real estate agent, Sam Haack. Together, they realized that building a new construction rental worked FAR better than buying one, so Sam scoped the market for investor-friendly builders, and now, they’re off to the races. They’ll go through the full numbers of this real estate deal, from land costs to loans, equity forecasts, cash flow, and more!

Want to find an agent just like Sam? Hop on the BiggerPockets Agent Finder, answer a few questions, and get matched with investor-friendly agents in your area!

In This Episode We Cover:

How to find profitable real estate deals when your market is VERY expensive or has no inventory

When building rentals beats buying them and how much instant equity you can make

How to find an investor-friendly agent no matter your real estate market

The type of lender to look for that’ll get you a lower mortgage rate

Finding a builder in your area that’ll work with your investor-first numbers

What you MUST tell your real estate agent in the beginning to find success together

And So Much More!

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