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
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Davids's BiggerPockets Profile
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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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865: Debunking the Housing Market: Why 86% of Americans Are Wrong About Real Estate
864: Seeing Greene: How to Make Even MORE Cash Flow Off Your Rental Properties
863: Commercial Real Estate: The “Buy Box” for Buying BIG Properties w/Kim Hopkins
862: From Sleeping on a Dirt Floor to Making $80K/Month (in 2 Years!) | ENCORE EPISODE
861: The Key to Scoring Discounted Deals in One of America’s Hottest Markets
860: How I Made $50K in 6 Weeks in an “Extremely Competitive” Market
859: BiggerNews: Fed Announces Rate Cuts, Jobs Grow, and Boomers Buy Up Housing
858: Real Estate Gone Wrong: The House Flip That Fell Over (-$380K) w/James Dainard
857: The House That Almost “Broke” Me: Losing $350K on ONE Property w/Mindy Jensen
856: College Dropout to $110K/Year in Cash Flow by Buying “Sheriff Sale” Properties w/Hunter Lawler
855: Seeing Greene: Student Housing, Lease Options, and How to Buy with High DTI
854: The State of Real Estate Investing: What You Need to Know for 2024
853: How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate
The Simple, Repeatable Path to Wealth with Real Estate in 2024 w/Scott Trench
852: Seeing Greene: Subto “Speculation,” Airbnb Automation, & New Build Financing
851: Turning $15K into $4K/Month by Investing in This Overlooked Asset Class w/Jason Velie
850: Multifamily Experts: Look Out For These 7 “Red Flags” BEFORE You Invest
849: Seeing Greene: How to Use Home Equity to Retire Early and HOA Headaches
848: From Bussing Tables as a New Immigrant to Making $5K/Month from Rentals w/Keleisha Carter
847: How to Fund Real Estate Deals Right Now w/Zach Lemaster
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