On this episode of the BiggerPockets Podcast, we’re going to talk about a unique strategy that combines the power of house flipping with the benefits of home ownership. You’ll meet Mindy Jensen and discover how she uses the “live-in flip” strategy to build wealth through real estate. You’ll also learn how a live-in flipper can save significant money on taxes as well as a discussion on the benefits of doing your own work. Don’t miss this enlightening, and hilarious, episode!

In This Episode We Cover:

Who Mindy Jensen is
Her thoughts on personal finance
Frugality, as defined by Mindy
A debate on Starbucks (as well as Priuses) and frugality
Where she spends her money
How Mindy got started in real estate
Details on her deals
7% as a steal?
The ins and outs of performing a live and flip
Getting a real estate license as a means to invest
What you should know about For Sale By Owner (FSBO) properties
How she advertises her houses
The pros and cons of live and flips
Why women can and should fix houses
The importance of home inspections
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Flipping Houses by J. Scott
The Book on Investing with No Money Down by Brandon Turner
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
The Warren Buffett Way by Robert G. Hagstrom
The Richest Man in Babylon by George S. Clason

Tweetable Topics:

“Frugality is save money where you can, so you can spend it where you want to or where you need to.” (Tweet This!)
“I didn’t get my license to sell houses. I got it so that I could invest and have access to MLS.” (Tweet This!)
“Nobody likes your house more than you.” (Tweet This!)

Connect with Mindy

Mindy’s BiggerPockets Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

129: Live-in Flips, Frugality, and Finance with Mindy Jensen