BiggerPockets Real Estate Podcast
Business:Investing
Feeling scared to do your first or next real estate deal? Even if everything goes wrong, you may still be in a better position than Ayesha and Kevan Shelton were just a few years ago. After quitting their jobs to become full-time real estate investors, Ayesha and Kevan found themselves staring at a $300,000 loss. Their credit was ruined, their life savings drained, and most of their partners walked away, never to return. Ayesha and Kevan did the right thing, paying back every investor who funded their failed house flips, but it came at a cost.
With a baby on the way, Ayesha and Kevan were debating bankruptcy to get some relief from the massive financial pressure they were under. But some wise investors told them they had it in them to rebuild their wealth—and that’s precisely what they did. In today’s incredible investor story, you’ll hear about how this power couple pivoted to turn their business around and began investing in new build construction projects.
Now, five years later, they’ve built sixty homes, developed their own communities, and created true wealth out of nothing. The best part? These new construction homes are affordable housing, helping solve the inventory crisis we’re currently facing and giving those that truly need it safe, affordable, quality homes to live in. And if Ayesha and Kevan can do it starting from negative, you can too, even if you’re starting from zero!
In This Episode We Cover:
How Ayesha and Kevan turned a $300K loss into a massively successful business
Why you always (ALWAYS!) pay back the investors you’ve borrowed from
Affordable housing 101 and how to get discounted land deals for your next new construction project
How to find the “path of progress” of where homes will appreciate in your area
Scaling your business with new construction homes instead of flipping houses
Private money, hard money, and other creative financing methods to use when banks WON’T fund your deals
And So Much More!
Links from the Show
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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
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Be a Guest on the BiggerPockets Podcast
Hear Dave and Henry On the “On the Market” Podcast
4 Vital Points to Consider BEFORE Getting Into New Construction
Dave's BiggerPockets Profile
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Henry's Instagram
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Connect with Kevan & Ayesha
Kevan's BiggerPockets Profile
Ayesha's Facebook
Kevan's Facebook
Ayesha's Instagram
Kevan's Instagram
Ayesha's LinkedIn
Kevan's LinkedIn
Park Street Homes
Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-923
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781: The Beginner’s Guide to Finding Undervalued, Off-Market Deals in ANY Market
780: The Step-by-Step Guide to Building a Medium-Term Rental Empire w/Jesse Vasquez
779: How Delivering Pizzas Helped Me Build a 27-Unit Rental Portfolio w/Pamela Bardhi
778: How to Build a Million Dollar Rental Portfolio with Little Time OR Money w/Niti Jamdar & Palak Shah
777: Seeing Greene: Investing Later in Life? You’re Still in Luck!
776: $42K/Month in Cash Flow By Buying a…High School? w/Jesse Wig
775: BiggerNews: Rent Unaffordability Crosses Dangerous New Threshold w/Lu Chen and Thomas LaSalvia
774: Seeing Greene: Bleeding Rentals, Bad Flips, and The Safe Haven For Your Cash
773: Replacing His Income with $70K/Year Cash Flow After a Close Call with Death w/Pasha Maleknia
772: Stop Looking for Perfect Properties, Search for These Instead
771: Seeing Greene: Getting Into Your First Property is Cheaper Than You Think w/Kristina Smallhorn
770: Retirement Accounts Collecting Dust? Use Them to Buy Real Estate! w/Kaaren Hall
769: The Beginner’s Guide to “Infinite Investing” with the BRRRR Method
768: Seeing Greene: Do This BEFORE You Leave Your 9-5 Behind
767: Multifamily Market Update + What a 20 Year Veteran Knows That You Don’t w/Angie Smith
766: Explosive Growth Could Be in Store for These Two Real Estate Markets w/Kim Meredith-Hampton and Victor Steffen
765: Seeing Greene: Out-of-State Mistakes, “Low Risk” Real Estate, & False Cash Flow
764: Making $200K/Year in JUST 3 Years with This High-Cash Flow Strategy w/Brittany Swait
763: Barbara Corcoran's Wild Real Estate Tactics You'll Want to Repeat
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