BiggerPockets Real Estate Podcast
Business:Investing
Darius Kellar went from making ten dollars an hour as a janitor to a real estate investor with over $1,000,000 in rental properties in less than a decade. By taking advantage of property auctions and investing in areas that most real estate investors wouldn’t even consider, Darius has built a real estate portfolio that will soon bring in six figures in rent every year, most of which he’ll get to keep. How he did it was a lot simpler than you’d expect.
Before real estate, Darius had $100,000 in student debt, was making a close-to-unlivable wage, and knew he needed a way out. He bought his first home six years after the Great Financial Crisis in an economically devastated city. Darius couldn’t get a mortgage and needed to save up to get out of the two-bedroom house he was sharing with six other people. Once he closed on his first house, he knew he had to repeat the system. But this wasn’t easy.
Darius has seen everything from sewer problems to stripped copper piping and wiring, no electric hookups, and renovation headaches, but he never stopped. Now, he makes as much passive income per year as many people’s full-time jobs and can show you how to do the same so you can make more money than you ever dreamed possible.
In This Episode We Cover:
How to buy properties at auctions for THOUSANDS of dollars each (seriously)
The one thing you MUST do before you buy any property (getting this wrong could cost you thousands)
DIY rehabs and how to outsource your home renovations so you can focus on investing
How to use BRRRR (buy, rehab, rent, refinance, repeat) to build your real estate portfolio faster
Why Darius’ overlooked area could be a cash flow goldmine for investors
Turning your real estate skills into a business to make even more money
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
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Find a BiggerPockets Real Estate Meetup in Your Area
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Subscribe to David’s YouTube Channel
Rob's BiggerPockets Profile
Rob's Instagram
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Rob's Twitter
Rob's YouTube
10 Deals on a $20K Waitress Salary With Ashley Hamilton
Book Mentioned in the Show:
Pillars of Wealth by David Greene
Connect with Darius:
Darius' BiggerPockets Profile
Darius' Facebook
Darius' Instagram
Darius' Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-839
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924: Raising Private Money 101: Beginner Steps to Raise Your First $1,000,000
923: From No Savings to Building 60 Houses in 5 Years! w/Ayesha and Kevan Shelton
922: Seeing Greene: Signs It’s Time to STOP Investing in Real Estate
921: How to Get More Airbnb Bookings This Spring and Summer Break
920: Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin
919: How to Use Real Estate to Quit the 9-5 Grind
918: Creating Their Own Demand By Ditching the "Cookie-Cutter Flips" w/George and Heather Bassett
917: Seeing Greene: Can I Escape the Rat Race with Just $70K?
916: Crucial Contractor Tips to Avoid Renovation Disaster w/‘Rico to the Rescue’
How to Get an Off-Market Seller on YOUR Side (+Most Common Objections) W/DealMachine
915: BiggerNews: Why Mortgage Rates AREN’T Falling w/Caeli Ridge
914: Deals We’re Doing: Rob’s Pink Pickle and How David Made $500K on ONE House914:
913: 150+ Deals in 3 Years and Why You DON’T Want to Be a Landlord w/Don'nell Greer
912: Seeing Greene: Paying Off Rentals, Partnerships Splits, & Using Home Equity
911: The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow
910: Zillow’s “Trends Expert” on How to Sell Your Home Faster (and For More!) w/Amanda Pendleton
909: 6 Expert Tips for Out-of-State Real Estate Investing
908: $400,000/Year From One Unique Rental Property w/Amanda and David Fornelli
907: Seeing Greene: $100K In Equity But NO Cash Flow, Should I Sell?
906: How to Become a Millionaire Through Real Estate Investing (Beginners!)
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