BiggerPockets Real Estate Podcast
Business:Investing
There’s one type of investment property most people would NEVER consider that could make you a millionaire. They’re not regular rental properties or huge apartment complexes—in fact, they’re so cheap that most investors could probably buy them outright in cash. What’s this “overlooked” investment property that could make you millions? Stick around, we’ll tell you.
Four years ago, Jason Velie worked at a W2 job without any investment property or passive income. Now, he’s a multimillionaire, making $10,000/month in pure cash flow, NEVER having to wake up to an alarm clock again. After a first deal gone wrong, where Jason spent two years working on a house just to break even, he was introduced to a new type of investment property—one nobody talks about.
With the massive profits from these cash cow deals, Jason was then able to use just $15,000 to buy a property that is now worth $1,000,000. And this was ALL during one of the hottest real estate markets ever. The best part? You can do EXACTLY what Jason did to become a millionaire, too, so stick around to hear his FULL strategy!
In This Episode We Cover:
The “overlooked” asset class that could make you six figures with ONE deal
Why you should NEVER pay a contractor without seeing the completed work
Calculating your “worst-case scenario” before you buy ANY property
Investing in mobile and manufactured homes and cheap real estate with huge upside
The one real estate investing tool Jason used to explode his portfolio
How Jason turned $15,000 into $4,000 per month in pure cash flow!
And So Much More!
Links from the Show
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Hear Our Interview with Affordable Housing Expert Kristina Smallhorn
Should You Add Manufactured Homes To Your Portfolio?
4 Key Lessons Learned From Investing in Mobile Homes
Connect with Jason:
Jason's BiggerPockets Profile
Jason's LinkedIn
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-851
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745: The MOST Underrated Way to Get Started in Real Estate in 2023
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743: Better Than BRRRR!? How to Make $200K+ on ONE Deal w/Janice Stitzer
742: How to Achieve Financial Freedom Through Real Estate in 4 Steps
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738: Future Millionaires: The “Pickle Jar” Offer That Could Score You a Property
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737: Lewis Howes: The 3-Step Formula to Go From Broke to Millionaire in 2023
736: BiggerNews: Mortgage Rate Mayhem and New Rules That Could RUIN BRRRR
735: Seeing Greene: Rental Property Deal-Breakers That Could Kill Your Cash Flow
734: Seller Red Flags I Should Have Seen Before Doing a Nightmare Deal w/David Pere
733: 3 Real Winning Deals in 2023 (and Where You Can Find Them!)
732: Seeing Greene: Side Hustles, Syndications, & Escaping a W2 with Real Estate
731: From Losing EVERYTHING in the Last Crash to $9,000,000 Income in 9 Years w/Brent Daniels
730: How to Start a Real Estate Portfolio with Just $10K
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