BiggerPockets Real Estate Podcast
Business:Investing
Remy was looking for rental properties in one of America’s hottest housing markets. He knew picking up one rental property, let alone a multifamily, wouldn’t be cheap. But, somehow, even as a newcomer to the area, Remy was able to buy a rental property at a deep discount. He got three rental units for the price of two in a market with loads of investors and immense competition. How did he do it? We’re about to share the secret.
In this episode of the BiggerPockets Real Estate podcast, we’re talking to out-of-state investor Remy, as well as Kim Meredith-Hampton, long-time real estate investor and Remy’s agent! Kim operates both in Tampa and Orlando, Florida, serving investor clients looking to buy in a state that has seen immense population growth. Seeking to take advantage of strong demographic trends, Remy picked Kim as his go-to Florida agent, and the rest is history.
Remy and Kim will talk through the three-for-the-price-of-two deal they picked up in the very competitive Florida market and how they were able to get the deal done EVEN when financing fell through, LLC problems came up, and a hurricane froze the Florida state government. You’ll also hear about the final numbers of the deal and why Remy ISN’T counting on big cash flow BUT will make his riches another way from the rentals.
In This Episode We Cover:
Why so many Americans are flocking to the Florida housing market (and how to take advantage)
Building your “buy box” and how to know what a great deal looks like
Low cash flow and why banking on passive income ISN’T always a wise move
Why you should ALWAYS look for rental properties that come BACK on the market
Financing troubles and how Remy dealt with numerous housing hiccups
Why waiting to invest will cost you and how to get started today!
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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
Be a Guest on the BiggerPockets Podcast
Ask David Your Question
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
Explosive Growth Could Be in Store for These Two Real Estate Markets w/Kim Meredith-Hampton
Florida Overtakes New York as Second-Biggest US Housing Market
Book Mentioned in the Show:
Pillars of Wealth by David Greene
Connect with Kim:
Kim's BiggerPockets Profile
Kim's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-861
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
794: Buying Houses with $100 Down and Creative Finance Secrets Most Don't Know
793: How to Analyze a Rental Property as a COMPLETE Beginner
792.5: How to Wholesale Real Estate (FREE Audiobook Chapter)
792: Seeing Greene: How to Build a Business That Sets You Free w/Gary Harper
791: 40 Rental Units and the “Desperate” Deals That Are Waiting for You w/Nate Shields and Troy Zimmerman
790: BiggerNews: How to Find 0% Interest and Instant Cash Flow Deals in 2023
789: Seeing Greene: Where to Find Deals in 2023 and How to Spend $100K
788: From $26K/Year Paycheck to $70K/MONTH Rent Checks w/Lamon Woods
787: 5 All-Time Favorite Tips For Financial Independence w/Brandon Turner
786: Brandon Turner on Crash Prophecies, Hawaii House Hacks, and Nickelback Bets
785: Making $1M+ Per YEAR After a Decade of Real Estate Fumbles w/Dean Rogers
783.3: Home Buying Hacks: Down Payments, Financing, and Home Insurance w/Chris Hutchins
784: How I Went from 200+ Tenant Phone Calls to 1 Per Year Using This “System” w/Pasha Maleknia
783.2: Home Buying Hacks: Inspections, Disclosures, and What to Look For w/Chris Hutchins
783.1: Home Buying Hacks: Finding The Perfect House (and Agent!) w/Chris Hutchins
782: Unbelievable Returns from Flipping This New Type of Real Estate w/Jessie Rodriguez
781.5: What to Buy During the Newest Real Estate Crash w/Willy Walker
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
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
TED Talks Daily
Radiolab
StarTalk Radio
The Inforium
Entrepreneurial Thought Leaders