201: Flipping 100+ "Zombie" Houses with Justin Stamper

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 17 November 2016

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dead “zombie” houses are everywhere — just waiting for you to bring them back to life if you are willing to take the risk! That’s the story we dive deep into today on the BiggerPockets Podcast when we sit down with reality TV star Justin Stamper, a real estate investor from the Orlando, FL market who has a fascinating and inspiring story of rising up from near financial ruin to become one of the most prolific investors in his market. You’ll learn how his “punk rock” attitude has given him a unique perspective on his investing and how he has been able to flip over 100 “zombie” homes (and wholesale over 200 other deals!) in the past several years. After listening to this show, you’ll be inspired, motivated, and educated enough to tackle your next zombie house! In This Episode We Cover: What is “zombie” house flipping and how does Justin do it? The merits of buying really gross dilapidated properties How Justin got into real estate Why he starting by buying at auction What motivated him to start in real estate despite having lost a house How the recession affected families, especially in Orlando How Justin renovates one to two houses a week via the courthouse How to use a hedge fund to get a line of credit A unique strategy to help people regain their houses How to grow by helping people Details on buying via auctions Things to take note of before buying an auctioned property How many renovations has he done What it is like buying a “suicide house“ The properties that he doesn’t renovate How he’s finding deals in his market And SO much more! Links from the Show BiggerPockets’ Youtube Channel (don”t forget to subscribe!) BiggerPockets Videos Ken Corsini’s Show ‘Flipping the South’ Ken Corsini’s BP Profile BP Podcast 089: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora Books Mentioned in this Show The Book on Flipping Houses by J. Scott The Book on Investing with Low or No Money Down by Brandon Turner Tweetable Topics: “Now it’s time to fight the good fight.” (Tweet This!) “If you want the deals, you got to hustle.” (Tweet This!) “America rewards the persistent.” (Tweet This!) Connect with Justin Justin’s BiggerPockets Profile Zombie House Flipping Highest and Best Clothing Justin’s Company Profile Justin’s Personal Website Justin’s Twitter Handle Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast Show 201.
0:06.0	Now it's time to fight the good fight and like I literally just felt like that was my calling to fight.
0:11.0	I love it.
0:12.0	You're listening to bigger pockets radio.
0:15.6	Simplifying real estate for investors large and small. If you're here looking to learn
0:20.5	about real estate investing without all the height. You're in the right place.
0:25.0	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:31.0	Your home for real estate investing online.
0:34.0	What's going on everybody? This is Josh Dorkin.
0:36.0	Host to the BiggerPockets Podcast here with my co-host,
0:40.0	Mr. Brandon Turner.
0:43.4	Brandon Turner.
0:42.6	What's up man?
0:43.4	Hey, you know, not much, sick baby, all that fun stuff,
0:46.8	but whatever, it's fatherhood, I'll take it.
0:49.1	Yeah, yeah, what about you?
0:50.9	It's been a tough week, man. I'll be honest. It's been a real tough week. We actually had to say goodbye to one of my dogs
0:57.2	That's so sad. It was it was tough man very very difficult for me personally for my wife and especially hard for our kids yeah so you've had that
1:06.4	forever haven't you yeah she was 14 she was amazing so yeah it's a it's a complete utter bummer, but you know she was pretty unhappy and and it was it was time to say goodbye so goodbye
1:19.0	Goodbye
1:19.4	Farewell Suki. Yeah, good dog. You met her. She was cool man. She was cool. She liked me. She didn't like a lot of people like, you know, newbies, but she liked me from the moment we met.
1:28.0	There you go. There you go. Anyway, yeah, so that's more positive. Yes.
	...

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