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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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
Davids's BiggerPockets Profile
David's Instagram
Subscribe to David’s YouTube Channel
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
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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897: Seeing Greene: Generational Wealth 101 and Getting Started in a Tough Market
896: The Renovations That’ll Instantly Increase Your Home Value (Part 1) w/James Dainard and Jessie Rodriguez
895: BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs w/Natalie Ambrosio Preudhomme
894: How to Buy a Rental Property in 90 Days (or Less!)
893: 2024’s New BRRR Strategy: BUILD, Rent, Refinance, Repeat w/Natalie Cloutier
892: Seeing Greene: How to Retire with Real Estate and Negotiate Your Loans
891: How to Negotiate a Deal When It's Under Contract
890: 100% Bonus Depreciation Coming Back? (Do NOT File…Yet) w/Brandon Hall
889: How to Build Generational Wealth Without Losing it Along the Way w/Whitney Elkins-Hutten
888: 25 Properties at 27 Years Old by Building His Own Rentals w/Donovan Adesoro
887: Seeing Greene: Your Last Chance Before the House-Buying “Tsunami” Hits?
886: How to Choose a Real Estate Investing Market (Step-by-Step)
885: BiggerNews: America's Path to "Renter Nation" as Prices Rise, Rates Stay Put w/J Scott
884: How to Use "Hard Money" to Flip Houses, BRRRR, or Buy More Deals w/Will Heaton
883: From Homeless at 17 to Solving the Affordable Housing Crisis for a Profit w/Terrica Lynn Smith
882: Seeing Greene: How Do I Start Investing When There’s NO Cash Flow?
881: How to Use Home Equity, 401(k)s, or IRAs to Invest in Real Estate w/Kyle Mast
880: How to Get a Home Loan as a House Hacker, Investor, or First-Time Homebuyer w/David Mackin
879: How to Buy a House in 2024
878: The Low-Risk “Micro-Flips” ANY Beginner Investor Should Try w/Antoine Martel
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