BiggerPockets Real Estate Podcast Making $30,000/Month (Per Property) with Assisted Living Rentals
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Aug 4, 2025 James Davis, a savvy real estate investor from Salt Lake City, transformed his $15,000 savings into a six-property empire generating $1,000,000 annually. He delves into the unique world of small assisted living homes, specifically designed for individuals with disabilities, revealing how one property alone brought in $15,000 a month. With insights into expenses, profit margins, and the rewarding emotional aspects of caregiving, James proves that impactful investments can lead to significant financial freedom.
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Living Without a Toilet for Months
- James Davis lived without a toilet for three months while renovating his first house hack property.
- He used a gym membership for showers and strategically managed daily life to save money and complete renovations himself.
Creative "Subject To" Deal Explained
- James acquired a distressed property using a creative "subject to" mortgage takeover strategy.
- He negotiated with sellers to back pay mortgages and worked with the lender for delay on foreclosure.
Risks and Rewards of "Subject To" Deals
- "Subject to" deals carry risks but can yield low-interest rates and mutually beneficial outcomes.
- Proper legal and professional guidance is crucial for success and avoiding pitfalls.