BiggerPockets Real Estate Podcast
Business:Investing
Real estate investing can make you rich or ruin you financially…if you’re not taking the proper precautions. Today, you’ll see just how easy it is to lose money on a bad real estate deal and how even the top investors, those with decades of experience, still can end up in a rough situation through no fault of their own. And while both the investors featured in this two-part series have made millions in real estate, they’ve also had a couple of deals gone wrong that have cost them hundreds of thousands.
In this episode, we’re talking to Mindy Jensen, host of the BiggerPockets Money podcast, about, as she calls it, “the house that almost broke me.” This property alone lost Mindy over a quarter of a million dollars, as she had to deal with crooked contractors, a once-in-a-lifetime flood, theft, and more. If you want to ensure you NEVER repeat the same mistakes as Mindy, listen to this ENTIRE episode before buying your next house.
And next time, we’ll be on with James Dainard, expert flipper and co-host of On the Market, to talk about his house flip that makes Mindy’s look like a walk in the park!
In This Episode We Cover:
How Mindy lost over $300,000 on ONE real estate investment
The one “waiver” you MUST get signed before you hire a contractor
DIY vs. hiring it out on home renovations and why Mindy does almost all her own work
The “five-hundred-year flood” and the WRONG time to replace a roof
Why you must have emergency reserves before you invest in ANY property
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
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
Be a Guest on the BiggerPockets Podcast
Ask David Your Question
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
Weather Underground
How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate
Connect with Mindy:
Mindy's BiggerPockets Profile
BiggerPockets Money Podcast
Mindy's Twitter Profile
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-857
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
748: From $5/Hour to Five-Figure Rent Checks Thanks to "Guaranteed" Rent w/Anne Curry
747: Seeing Greene: “Amplifying” Your Equity and When to Pay Off Debt vs. Invest
746: 28 Rentals Before 28 Years Old (and Doing it All in Just 3 Years!) w/Jake Radawick
745: The MOST Underrated Way to Get Started in Real Estate in 2023
744: Seeing Greene: How to Create Cash Flow & Cutting Costs On a Home Renovation
743: Better Than BRRRR!? How to Make $200K+ on ONE Deal w/Janice Stitzer
742: How to Achieve Financial Freedom Through Real Estate in 4 Steps
741: Seeing Greene: The Cash Flow "Golden Age” Could Be OVER
Bonus: SVB's Collapse: Is Real Estate at Risk in The Fallout?
740: From $500 to 40 Rental Units After Going Broke in The Last Crash w/Eric Quinn
739: Where the REAL Money is Made in Multifamily (Asset Management 101)
738: Future Millionaires: The “Pickle Jar” Offer That Could Score You a Property
Bonus: How to Use the 2023 Housing Correction to Get RICH with Real Estate
737: Lewis Howes: The 3-Step Formula to Go From Broke to Millionaire in 2023
736: BiggerNews: Mortgage Rate Mayhem and New Rules That Could RUIN BRRRR
735: Seeing Greene: Rental Property Deal-Breakers That Could Kill Your Cash Flow
734: Seller Red Flags I Should Have Seen Before Doing a Nightmare Deal w/David Pere
733: 3 Real Winning Deals in 2023 (and Where You Can Find Them!)
732: Seeing Greene: Side Hustles, Syndications, & Escaping a W2 with Real Estate
731: From Losing EVERYTHING in the Last Crash to $9,000,000 Income in 9 Years w/Brent Daniels
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
On The Market
The Rebel Capitalist Show
TED Talks Daily
Radiolab
StarTalk Radio