258: Six-Figure House Flipping with Gabe DaSilva

Massive goals encourage massive action—and a massive plan to get there. That’s the truth behind today’s episode of The BiggerPockets Podcast, where we sit down with Gabe DaSilva, a New Jersey real estate investor who specializes in a unique niche of house flipping: “add-a-level” or “pop tops.” You’ll hear how Gabe shoots for a six-figure payday on each flip and how you can incorporate this strategy in your own business. Be ready to take some notes—this is an action-packed show!

In This Episode We Cover:

• How Gabe got into the real estate business
• Tips for using your 401k as capital
• How he landed his first deal
• A discussion on doing things yourself
• How to finance your deals using hard money
• Gabe’s unique definition of hard money lenders
• The deals he’s made to this point
• Which properties are good candidates for rehabbing
• How to tell if it’s the right market to invest in
• What to check for in a good house foundation
• The “bathtubs story“
• How to find deals through direct mail
• What his day looks like
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Rehab Estimator Calculator
• BiggerPockets Calculators
• BiggerPockets HardMoney Lenders
• International Builder’s Show
• Upgrade to Pro!

Books Mentioned in this Show

• A Curious Mind by Brian Grazer
• The Book on Estimating Rehab Costs by J. Scott
• Set for Life by Scott Trench
• Rich Dad Poor Dad by Robert Kiyosaki
• The E-Myth by Michael E. Gerber
• Think and Grow Rich by Napoleon Hill

Fire Round Questions

• Would you contribute to a 401(k) or not?
• What did you do wrong on your first flip?
• Flipping Houses Under One LLC
• Rehabbing a remediated meth house

Tweetable Topics:

• “Sacrifice the life you have now so that you can live the life most can’t live later.” (Tweet This!)

Connect with Gabe

• Gabe’s BiggerPockets Profile
• Gabe’s Facebook Profile
• Gabe’s Youtube Channel
• Gabe’s Instagram Profile

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