147: Turning “Weird” Properties Into Cash-Flowing Monsters with Johnny Youssef

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 5 November 2015

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sometimes to find success, you have to think outside the box! That’s why today on the BiggerPockets Podcast we’re excited to bring you an interview with Johnny Youssef, a young investor who has found clever ways to turn properties that no one else wants into cash flowing monsters. You’ll be inspired and motivated after hearing Johnny’s story, as well as his philosophy of using “financial freedom” to help others. Don’t miss a second of this powerful show! In This Episode We Cover: Thoughts on this year’s epic battle: the Mets vs. the Royals Who Johnny is and how he started investing during college How he got his real estate license early to get the commissions How he managed 7 properties from a young age The importance of understanding and helping your market Thoughts on how to fund a property Insight into the question: To have a real estate license or not? How to start out in real estate with no money Why the first property he bought was a duplex How to use the same money to keep your business growing A look at Johnny’s current portfolio Big mistakes people make in hiring employees The level of finish you should aim for when flipping properties How to tenant-proof your properties What is he currently looking at right now The importance of thinking outside of box when investing Johnny’s thoughts on flips vs. rental properties How to manage vacancies Tips for new investors And SO much more! Links from the Show BiggerPockets Youtube A Beginner’s Introduction to Real Estate Investing (Course) The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The E-Myth Revisited by Michael Gerber Tweetable Topics: “Look for something that has equity in it. Make money out of it and start investing in other things.” (Tweet This!) “When you’re buying, especially when you are still starting, you’re gonna be emotional about things.” (Tweet This!) Connect with Johnny Johnny’s BiggerPockets Profile Johnny’s Personal Blog Johnny’s Instagram Periscope: @johnnyyou Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Are you serious about making real profits from your investment properties?
0:04.0	Then why are you paying a property manager anywhere from 8 to 25% of your rent?
0:08.4	Cut your expenses the savvy way by self-managing your rentals using rent ready,
0:12.2	with flat rate pricing that doesn't cut into your
0:14.3	bottom line. You think I'm paying a property manager? Heck no, get your hands off my cash flow.
0:18.9	That's me slapping someone's hand. With Rent Ready, you can collect rent, screen tenants, track repairs, and
0:24.9	manage accounting all from your phone. Are you a bigger pockets pro member? Well guess
0:28.8	what? Red Ready is already included in your membership. Haven't tried it yet?
0:32.7	Well, then what the heck are you waiting for, man?
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0:36.4	BiggerPockets Pro member.
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0:42.0	New customers visit Rent Ready.com
0:44.3	and use code BP 2023.
0:46.9	That's R-E-N-T-R-E-I-D-I dot com,
0:50.3	using code BP 2023. That's BP, like bigger pockets, you know the
0:55.0	podcast that you're listening to you right now, and the year 2023 to save 50%
0:59.1	off of one year of rent ready. Cut your expenses when you use rent ready
1:02.1	to manage your rentals.
1:03.4	Sign up today at rentready.com and use code BP 2023.
1:08.5	Are high mortgage rates killing your cash flow dreams?
1:11.3	What if you could score a 2.99% interest rate on your next rental
	...

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