BiggerPockets Real Estate Podcast 5 Rentals and 4 Flips WITHOUT Needing a W2!
Nov 11, 2024
In this engaging discussion, real estate investor Clay White shares his incredible journey of acquiring five rental properties and completing multiple flips at just twenty-three, all without a W2 job. He dives into the unconventional experience of returning a condemned house and the importance of due diligence. Clay reveals his creative financing strategies and the significance of partnerships in overcoming challenges. His insights prove that with tenacity and problem-solving skills, anyone can thrive in real estate, regardless of their background or current situation.
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The Returned House
- Clay White bought a $20,000 house, only to discover a hidden condemnation notice.
- He successfully returned the house and got his money back.
Partnering and Property Management
- Partner with someone if you lack capital or experience for your first deal.
- Interview multiple property managers to find the best fit and gain valuable local insights.
The Duplex Hack
- Clay bought a duplex, house hacking one side and renting the other.
- He creatively found a property manager by making a fake Airbnb reservation.