The Stacking Benjamins Show Nick Sehy Details How He's Purchased 19 Houses Before Age 29 (SB1599)
Nov 7, 2024
Nick Sehy, son of Joe Saul-Sehy and a real estate dynamo, reveals how he conquered the property market by purchasing 19 houses before turning 29. He shares his journey of buying and renovating homes in Detroit while balancing a tech career at Microsoft. Nick discusses the importance of diversification, the challenges of managing properties remotely, and the innovative strategies he employed, like the BRRRR method. His insights on learning from mistakes and leveraging technology offer valuable lessons for aspiring investors.
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Creative Outlet
- Diversify your income streams.
- Build something creative alongside your main job for potential backup and creative outlet.
The BRRRR Method
- Use the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) in real estate.
- This allows you to potentially reuse the same down payment for multiple properties by refinancing and pulling out your initial investment.
Surprise Car
- Nick Sehy bought a house in Detroit, sight unseen, and hired someone to mow the lawn.
- The lawnmower discovered an abandoned car in the backyard, a surprise addition to the property.