367: Quitting Retail to Flip, BRRRR, and Design with Kara Beckmann

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 30 January 2020

⏱️ 95 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

7X-ing her income by leaving a so-so job to flip houses! Today’s guest is Kara Beckmann, a rehabber and rental property investor who’s tearing it up in Scottsdale, Ariz., and on her Instagram page @beckmannhouse. You'll be inspired by Kara's journey from pastry chef to retail worker to full-time investor funding deals with private and hard money. Kara shares some great tips for networking with wholesalers and builders to snag deals (to date, she's spent $0 on marketing). You'll also learn how she maximizes profit by sticking to her rehab budgets, how she keeps contractors on deadline, and how she manages risk by outlining several different exit strategies. Kara's story will motivate you to apply your own "unique ability" to your real estate business and overcome the fear that might be stopping you from doing your first or next deal! Enjoy this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one. In This Episode We Cover: How Kara learned saving habits at age 14 How she started thinking like an entrepreneur while working in retail How she was motivated by not getting a raise in 5 years Buying her first deal for $50K below asking price Reinvesting profits from her first flip Her apprenticeship with a general contractor How she develops a scope of work and deadline Why she doesn’t spend any money on marketing Her networking tips The challenges of investing without W-2 income How she prepares several exit strategies for each deal Where she gets inspiration for her designs How she sticks to her budgets (the “price per square foot” method) Incentivizing her contractors to complete work on time And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Money Podcast BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) BiggerPockets Conference Zillow Realtor.com TikTok Email: [email protected] Check the full show notes here: http://biggerpockets.com/show367 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the BiggerPockets Podcast Show 367.
0:04.0	I would go to these open houses and I would just notice different lighting pieces that they had
0:08.9	and different design elements that I really liked and I thought maybe I can do to a house what I used to do to a cake.
0:16.0	I'm basically taking a blank canvas and turning it into something beautiful and that got me
0:21.9	really excited.
0:23.0	You're listening to Bigger Pockets Radio,
0:26.0	Simplifying real estate for investors large and small.
0:30.0	If you're here looking to learn about real estate investing,
0:32.0	without all the height, you're in looking to learn about real estate investing without all the height,
0:34.0	you're in the right place.
0:35.8	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:41.8	Your home for real estate investing online.
0:45.0	What's going on everyone?
0:45.8	This is Brandon Turner, host of the BiggerPockets
0:48.2	podcast, here within another incredible episode
0:50.9	alongside my co-host, Mr David what's up David Green what's new in your world
0:56.5	well let's see bad news is I hurt my shoulder lifting weights that's been a bummer
0:59.9	I never really had to happen man I was lifting so much weight and I just couldn't.
1:05.0	Probably more like if I was strong, my body could handle what I'm asking into you instead is like so weak and frail.
1:11.0	Ow, you know, it hurts so much.
1:14.0	So like I feel like a bird with a broken wing
1:16.6	I'm like walking around with my right arm.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.