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
824: Bankruptcy to Financial Freedom by Following the “No B.S.” Real Estate Rules w/Jason Lewis
823: The Tax-Free Strategy Only Real Estate Investors Can Access w/Mitchell Baldridge
822: Seeing Greene: The 10-Year Real Estate Retirement Plan (Use Home Equity!)
How to Buy Your FIRST Rental by The End of THIS Year (Step-by-Step Plan)
821: From Making $48K/Year to Millionaire By His Mid-30s w/Ryan Tseko
820: The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!) w/Kim Woolf Bosler and Kyle Mast
819: What Caused 2023’s WILD Insurance Market (and When Prices Could Fall) w/Robert J. Hamilton
818: From 16-Year-Old Skater to Investing in “Cash Machine” Kmart Conversions w/Mikey Taylor
817: 2 “Slam Dunk” Small Multifamily Deals in 2023 (and Where to Find Them) w/Dan Nelson and Jodi Gauthier
816: Seeing Greene: How to Invest with $20K and “Luxury” House Hacking
815: $10K/Month at 25 Years Old by Buying $100K Properties w/Soli Cayetano
814: BiggerNews: Home Prices to Stall as “Deflation” Concerns Pop Up
813: Seeing Greene: The Real Estate “Red Pill” That Made Me $400K/Year w/Dana Bull
812: 17 Properties in 3 Years Thanks to “Non-Stop Rejection” w/Jason Lee
811: 3 Real Estate Tools That'll Save You DOZENS of Hours
810: Tom Brady’s Coach: You DON’T Need to Be the Best to Get the Best Results w/Greg Harden
809: How 1 Rental Property Saved Corey Kent’s Financial Future
808: This “CARFAX for Properties” Could Change EVERYTHING About Investing w/Sheila Fejeran and Teresa Grobecker
807: How to Build a Deal Flow “Funnel” to Get UNLIMITED Deals Sent To You w/James Dainard and Sam Primm
How to Find Financial Freedom with Small Multifamily Rentals
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
TED Talks Daily
Radiolab
StarTalk Radio
The Inforium
Entrepreneurial Thought Leaders