BiggerPockets Real Estate Podcast
Business:Investing
The real estate market is crumbling…or is it? According to experienced investors like Jessie Rodriguez, now is one of the best times in recent memory to start building wealth. As a multi-decade house-flipping veteran, Jessie understands how the housing market works. He lost his business, his home, and the majority of his wealth in 2007 but has made it out not only surviving but thriving with a house-flipping business that prints cash. And he knows something that you probably don’t.
The past few years have been a bloodbath for flippers. With home prices correcting and buyers fleeing the market, many flippers from years back aren’t around today. But, the tide has started to turn, and buyers are getting back into bidding wars, willing to spend good money on homes that fit their remote-first lifestyle. Jessie and his team are HEAVILY capitalizing on this, and more good news may be on the way.
In this episode, Jessie talks about rebuilding his business after losing it all in 2007, why now may be one of the BEST times to start house flipping, key indicators of a market shift that most investors miss, the biggest myth in today’s real estate space, and how Jessie’s team is redeveloping a historic building and turning it into a passive income stream that offers millions in profits. The best part? You can copy Jessie’s strategy to build your own wealth in 2023, so don’t skip this!
In This Episode We Cover:
Rebuilding your wealth after losing EVERYTHING in a financial crash
The biggest myth of 2023 real estate and why most investors are wasting time
Signs of a housing market shift and the metrics that predict where we’re headed
Finding a mentor and how the right one can put you decades beyond the competition
Redeveloping historic real estate and the unusual deals that are making Jessie a fortune
Building a seven-figure passive income stream, EVEN if you’re new to rentals
And So Much More!
Links from the Show
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Watch James on the “On The Market” YouTube Channel
Hear James on The “On The Market” Podcast Wherever You Listen to Podcasts:
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Books Mentioned in the Show
SOLD by David Greene
SKILL by David Greene
SCALE by David Greene
Connect with Jesse
Jesse's Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-782
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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
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
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
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