How to Build Wealth in Seven Years

The first deal is a great example of how you can build wealth by having the right goggles to look at your properties through. That property that they're picking up right now for 750 and paying $6500 a month on will be worth a million bucks in seven years. The, and the buyer, he's an anesthesiologist and is 35 years old. He'll be work optional at that point,. especially if he keeps continuing to pick up one deal here there every single year.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Want a zero percent interest rate and a paid-off seven-figure property? What about a quick fix and flip that’ll net you six figures in profits? Or, maybe buy an office and make nearly half a million dollars while having your own workplace? It’s 2023, and the housing market has turned most real estate investors off. Everyone thinks that deals are impossible to find, but funnily enough, we keep hearing stories about real estate investors making massive profits while residential buyers cower in fear. So, where can you find these deals?

We’ve brought back Kim Meredith-Hampton and Victor Steffen from the Tampa/St. Petersburg, Florida, area and the Dallas-Fort Worth, Texas, markets, respectively. Plus, Matthew Nicklin from southern seller’s market, Atlanta, Georgia, joins us as we review real deals from all three markets to show you that no matter the housing market cycle, you can STILL make money in real estate (even in 2023!)

We’ll go over six individual deals, from turnkey medium-term rentals selling at zero percent mortgage rates (with seller financing) to easy, instant cash flow deals with perfect tenants in place. But maybe you’re not a buy and hold investor. If so, a couple of flip deals are brought on to show that six-figure profit potential still exists for the right properties. And, we’ll deep dive into one of the agent’s commercial real estate deals that made nearly half a million dollars in equity alone!

In This Episode We Cover:

Three hot southern housing markets where you can still find real estate deals

Signs of a stable market and why you want to see faster home sales

Seller financing and how to use it to score a rock-bottom mortgage rate on your next rental

How to use private lending to make a killing without getting your hands dirty on a deal

“Office hacking” and turning unused space into cash flow and HUGE equity gains

Paying off your property faster and why having little-to-no cash flow may be worth an earlier retirement

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel