498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 26 August 2021
⏱️ 77 minutes
🧾️ Download transcript
Summary
When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality.
Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!
You’ll see a deep dive of Joe’s latest property in today’s episode, complete with pictures, videos, and other helpful visuals. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the BiggerPockets Youtube channel!
In This Episode We Cover:
What the “Big City BRRRR” strategy entails
How to control tenant turnover so you have ZERO vacancy
Using section 8 to take in higher rents
How to create a top tier product that attracts top tier tenants
Becoming the best landlord a tenant could ask for
Adding bedrooms, bathrooms, and getting permits for everything in between
And So Much More!
Links from the Show
Check the full show notes here: https://www.biggerpockets.com/show498
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the bigger pockets podcast show 400 and 98. |
| 0:05.8 | I start with the ending mind, |
| 0:06.9 | who am I trying to attract? |
| 0:08.0 | And I buy in those areas where I can attract those. |
| 0:10.8 | I renovate with the understanding |
| 0:14.1 | what the tenant is looking for. |
| 0:15.8 | And to renovate in such a way that it's going to attract |
| 0:19.3 | and retain the type of tenant I'm desiring, |
| 0:22.8 | then obviously the renting part, which is the key |
| 0:25.9 | because I'm looking for zero turnover. |
| 0:28.3 | So it's not just a matter of just finding somebody, |
| 0:30.8 | but it's carefully screening in such a way |
| 0:33.3 | that you get what I call a tier one tenant. |
| 0:36.7 | You're listening to bigger pockets radio, |
| 0:39.2 | simplifying real estate for investors large and small. |
| 0:43.0 | If you're here looking to learn about real estate investing |
| 0:45.6 | without all the hype, you're in the right place. |
| 0:48.8 | Stay tuned and be sure to join the millions of others |
| 0:51.7 | who have benefited from bigger pockets.com. |
| 0:54.8 | You're home for real estate investing online. |
| 0:57.9 | What's going on tomorrow, it's Brent Turner, |
| 0:59.2 | host of the bigger pockets podcast here with my co-host, |
... |
Please login to see the full transcript.
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.
Copyright © Tapesearch 2025.