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
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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
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939: BiggerNews: 100% Financing for First-Time Home Buyers is HERE w/Jeff Welgan
938: Scaling from 0 to 20+ Doors Using These "Self-Management" Tools & Tips w/Amelia McGee and Grace Gudenkauf
937: Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary
936: 4 Ways to Start Investing in Real Estate with NO or LOW Money
935: BiggerNews: Investing with High Rates, Stubborn Inflation, & Low Supply w/Kathy Fettke
934: How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking) w/Brandon Hall
933: Designing for Dollars: 7 Design Tips That Could Double Your Airbnb Revenue w/Erica Dike
932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K
931: How to Build a Real Estate Portfolio from Scratch in 2024
930: Agents React to NAR Lawsuit Commission Change
929: Spring Cleaning: Why We’re Selling Off Parts of Our Rental Portfolios
928: 124 Units in 4 Years by Only Investing in Small Towns and Tiny Markets w/Dylan Osmon
927: Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses
926: 6 Tips to Grow Your Real Estate Portfolio While Working 9-5
925: BiggerNews: Housing Inventory Up 24%, Are We Returning to “Normal”? w/Mike Simonsen
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
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