105: From Minimum Wage to Full Time Flipper with Ophelia Nicholson

2015-01-15

Prepare to be inspired and motivated after listening to today’s episode of the BiggerPockets Podcast! In this program we sit down with Ophelia Nicholson, a house flipper from the Maryland area who got started with real estate while working a minimum wage job. You’ll learn how she broke out of that life and was able to quit her job to become a full time, successful house flipper, working on multiple properties at once!Listen for insightful tips on applying for a loan, learning to be a landlord, partnering with family members and quitting your job for real estate....

Listen for insightful tips on applying for a loan, learning to be a landlord, partnering with family members and quitting your job for real estate. If you’re wondering whether it’s possible to make your investing dreams come true, don’t miss out on this episode — it’ll give you great insight into how you CAN make it happen!

In This Show We Cover:

How Ophelia got started investing
The story of her “first small house“
How to buy a house on a minimum wage salary
Tips on applying for a loan
The experience of becoming an accidental landlord
What to do if you’re sued by your renter
Lessons about starting out as a landlord
Ophelia’s on and off relationship with real estate
The pros and cons of partnering with family
How to put 15 properties under contract in 30 days
Quitting your job for real estate
Thoughts on women getting into real estate investing
Plus MUCH more!

Links From the Show:

BiggerPockets’ Trivia (email)
BP Podcast Show 104
BiggerPocket’s Real Estate Analysis Software
BiggerPockets’ List of Hard Money Lenders
BiggerPocket’s Flipping Book

Books Mentioned in the Show

The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone
The Trick to Money Is Having Some by Stuart Wilde

Connect with Ophelia