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!
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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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679: Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties w/Sarah Weaver and Zeona McIntyre
678: Is the Buyer’s Market Back? How to Find Deals and Steals on the MLS w/Jamil Damji
677: How to Build an Income-Replacing, All Off-Market Rental Property Portfolio w/Taylor Wing
676: Rob's Real Talk: What Running Short-Term Rentals at Scale REALLY Looks Like
675: Seeing Greene: When Does It Make Sense to Refi with High Interest Rates?
674: Investor Update: The "10 Deals on $20K/Year" Investor's Explosive Growth w/Ashley Hamilton
673: Beyond Cash on Cash: How Thinking Like an Investor Unlocks More Deals w/Dave Meyer & J Scott
672: Seeing Greene: Interest Rates, Flipping Tips, and Investor-Only Loans
671: Will the “Silver Tsunami” Flood You with Cash Flow? w/Isabelle Guarino-Smith
670: BiggerNews October: Should You Sell Before the Fed “Creates” a Crash?
669: Seeing Greene: Is BRRRR Investing About to Get Even Better?
668: 10 Units in 3 Years and Giving Back While Getting Ahead w/Zasha Smith
667: How to Get Any Seller to Accept Your Offer in 24 Hours (or Less!) w/Jonathan Greene
666: Seeing Greene: The 10-Second Formula to Solve the "Sell vs. Rent" Situation
665: Building a 150-Unit “Lease Arbitrage” Empire and the STR Furnishing Playbook w/Jeff Iloulian
664: Why Your “Pitch Deck” Won’t Work (and What to Do Instead) w/Pitch Anything’s Oren Klaff (Part 2)
663: How to “Raise the Stakes” So Anyone Accepts Your Deal w/Pitch Anything’s Oren Klaff (Part 1)
662: ROE > ROI and Why Your “Cash Flow” Number is Deceiving w/Chris Lopez
661: How to “Start from Zero” in Today’s Multifamily Market w/Andrew Cushman and Matt Faircloth
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