BiggerPockets Real Estate Podcast
Business:Investing
Feeling scared to do your first or next real estate deal? Even if everything goes wrong, you may still be in a better position than Ayesha and Kevan Shelton were just a few years ago. After quitting their jobs to become full-time real estate investors, Ayesha and Kevan found themselves staring at a $300,000 loss. Their credit was ruined, their life savings drained, and most of their partners walked away, never to return. Ayesha and Kevan did the right thing, paying back every investor who funded their failed house flips, but it came at a cost.
With a baby on the way, Ayesha and Kevan were debating bankruptcy to get some relief from the massive financial pressure they were under. But some wise investors told them they had it in them to rebuild their wealth—and that’s precisely what they did. In today’s incredible investor story, you’ll hear about how this power couple pivoted to turn their business around and began investing in new build construction projects.
Now, five years later, they’ve built sixty homes, developed their own communities, and created true wealth out of nothing. The best part? These new construction homes are affordable housing, helping solve the inventory crisis we’re currently facing and giving those that truly need it safe, affordable, quality homes to live in. And if Ayesha and Kevan can do it starting from negative, you can too, even if you’re starting from zero!
In This Episode We Cover:
How Ayesha and Kevan turned a $300K loss into a massively successful business
Why you always (ALWAYS!) pay back the investors you’ve borrowed from
Affordable housing 101 and how to get discounted land deals for your next new construction project
How to find the “path of progress” of where homes will appreciate in your area
Scaling your business with new construction homes instead of flipping houses
Private money, hard money, and other creative financing methods to use when banks WON’T fund your deals
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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Hear Dave and Henry On the “On the Market” Podcast
4 Vital Points to Consider BEFORE Getting Into New Construction
Dave's BiggerPockets Profile
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Henry's Instagram
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Connect with Kevan & Ayesha
Kevan's BiggerPockets Profile
Ayesha's Facebook
Kevan's Facebook
Ayesha's Instagram
Kevan's Instagram
Ayesha's LinkedIn
Kevan's LinkedIn
Park Street Homes
Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-923
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872: How to Turn Your Primary Residence into a Rental Property
871: BiggerNews: Why the Crash Predictors Are Wrong About a Foreclosure “Crisis” w/Rick Sharga
870: The Real Estate “Strategy” ANYONE Can Use to Build Wealth in 2024
869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down) w/Avery Carl and Caeli Ridge
868: Buying Rental Properties for $0 Down, 0% Interest the Creative Way w/Dedric and Krystal Polite
867: Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions
866: Do College Football Towns Make the BEST Real Estate Investing Markets?
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
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