BiggerPockets Real Estate Podcast 3 Types of Rentals That STILL Make You Rich
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Dec 31, 2025 In this engaging discussion, guests Henry Washington, a fix-and-flip expert, shares his ambitious plan to transform a $55,000 lake house into a lucrative short-term rental. Kathy Feke, a buy-and-hold investor, introduces a new construction rental near North Dallas designed for busy professionals, highlighting its low maintenance and cash flow potential. Meanwhile, James Daynard, a creative strategist, reveals a unique Seattle project where he'll fund a backyard unit by flipping a front house, showcasing innovative approaches to high-priced markets.
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High-Reward Deep Rehab
- Henry bought a $55,000 lake-adjacent home that arrived with rotted subfloors and heavy brown recluse spider infestations.
- He plans a $90k rehab to convert it to a three-bed, two-bath short-term rental and occasional family vacation spot.
Bridge Then Refinance Strategy
- Finance the purchase and renovation with short-term lender funds and then refinance to a 30-year DSCR loan after rehab.
- Use this bridge-to-rental approach to convert hard-money deals into long-term cash-flowing assets.
Persistence Finds Distressed Deals
- Finding deep-value rehab deals requires persistent, proactive marketing and outreach.
- Repeat effort and volume, not luck, produces opportunities like Henry's spider house.