148: From 0 to 51 Units Despite Living in a Crazy Expensive Location with Nazz Wang

Nov 12, 2015

Ask episode

Chapters

Transcript

Episode notes

How do you build up a sizable real estate portfolio when you live in one of the most expensive cities in America? That’s the topic we dive into today on the BiggerPockets Podcast with guest Nazz Wang. Nazz has gone from 0 to 51 units in the past several years, both local in California and across the country. You’ll learn how Nazz overcame a bad first investing experience to find her niche in “lazy real estate investing” and how you can do the same!

In This Episode We Cover:

Who is Nazz and how she’s been investing for 10 years now
How she got started through house hacking
How she acquired the mindset of a landlord back in college
Nazz’s first property — and her first big mistake
How neglecting the cash flow analysis ended up costing her
The issues surrounding owning condo units
How to discover and thrive in your niche
How many units she currently has
The problem with HOAs
How she bought in the Midwest to maximize cash flow
A discussion about property appreciation (are there any indicators?)
Speculation vs. buying things you can afford to keep
How Nazz educated herself in real estate
Her experience investing as a woman
How she finds, finances, and manages properties outside of her area
How to establish a pipeline to make investing easier
The benefits of the BRRRR strategy
How to manage property managers
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Dune by Frank Herbert

Tweetable Topics:

“I would never pay money to lose money.” (Tweet This!)

Connect with Nazz

Nazz’ BiggerPockets Profile

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