BiggerPockets Real Estate Podcast
Business:Investing
Do you want to make $50,000 in six weeks? Even in this housing market, it’s more than possible. You might think we’re bluffing; with high mortgage rates, little-to-no inventory, and buyer demand down from its peak, most real estate investors believe the market is a graveyard, but they’re wrong. In today’s show, we talk to Mike Cappello, who has been doing a few quick house flips and making an unbelievable return.
But that’s not all. We’ll also talk to the agent who found the deal, Rob Chevez, about what’s making the most money in the “extremely competitive” market of Washington, D.C. The duo will discuss why D.C. is such a solid market to buy, hold, or flip in, the “buy box” they designed to find the most profitable house flips, and how they’re financing deals EVEN with today’s sky-high interest rates.
We’ll also get into the nitty gritty of Mike’s latest deal, the one that could make him $50,000 in just six weeks, and the exact steps to follow if YOU want to do a deal like this in your market. The real estate deals are here; stick around to learn how to find ‘em!
In This Episode We Cover
How to make $50,000 in just six weeks by doing quick, cosmetic house flips
The effect of high mortgage rates on investors and why there is still PLENTY of demand for properties
Building your “buy box” so you can land a killer deal as soon as it comes across your desk
The pros and cons of investing in a super competitive housing market like Washington, D.C.
The biggest mistakes house flippers make in a real estate market like today’s
And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-860
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658: BiggerNews September: Mortgage Rate Predictions from the Nation’s #1 Lender w/Mat Ishbia
657: Seeing Greene: Can You Start Investing with Just $5,000?
656: The “Deal Never Dies” & Picking Up Properties Other Investors Neglect w/Tyler and Trevor Sarter
655: Private Money Explained Part 4: Rates, Returns, and Protecting Investors w/Amy Mahjoory
654: Private Money Explained Part 3: The "Credibility Pieces" Lenders Love to See w/Amy Mahjoory
653: Tarek El Moussa on Why Flopping While Flipping is The Way to Win
652: Landlord Lowdown: 2022 Market Questions Answered from 4 Expert Perspectives
651: Seeing Greene: Recession Risks, Renting to Family, & Scaling Your Portfolio
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650: Glamping, Campsites, and The Insane RV Park Revenue No One is Talking About w/Heather Blankenship
649: Alex Hormozi on The “Weak Links” That Will Make Anyone a Millionaire
648: Why Winners Quit: The 5 Factors to Leaving a Soul-Sucking Job w/Pat Hiban and Tim Rhode
647: Got a Need for Leads? Use This Opener to Earn Trust in 5 Seconds (or Less!) w/Juliet Lalouel
646: Building Wealth Like Warren Buffett & Lessons Learned from Billionaires w/Trey Lockerbie
645: Seeing Greene: Will Borrowing Money from Family Ruin Your Real Estate Deal?
644: 50 Properties in 6 Months Using the Supercharged BRRRR Strategy w/Chad Beeman
643: BiggerNews August: Will 3D Printed Homes Slash Housing Costs? w/Zachary Mannheimer
642: Private Money: What the Experts Warn Against Before You Lend (Or Borrow!) w/Beth Johnson and Alex Breshears
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