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BiggerPockets Real Estate Podcast

538: Find the Real Estate You Hate (So You Can Buy the Real Estate You Love)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 30 November 2021

⏱️ 67 minutes

🧾️ Download transcript

Summary

Not everyone will love commercial investing, mixed-use buildings, flipping houses, BRRRRing, or even traditional buy-and-hold rentals. But you’ll probably find one type of real estate class that you absolutely love. It may take you some time, but if you’re able to find a property type that sparks your creativity, all while providing positive cash flow, you’ll know you made it.

Katie Neason definitely didn't love government-subsidized rentals. She dreaded the phone calls, the repairs, and the unresponsive tenants. Katie thought that upgrading her investing strategy to multifamily housing would solve the problems. Unfortunately, after buying some fourplexes, she realized that too wasn’t for her.

After trial and error, Katie found her true real estate loves: flipping, developing, and mixed-use buildings. So, she went into all three and is doing phenomenal! Katie shares a special Deal Deep Dive where she walks through a degraded downtown building that is now the talk of the town due to her smart negotiating, creative redesigns, and ability to use her network to fund the deal!

In This Episode We Cover:

Why it’s important to find the real estate classes you truly enjoy working on

Understanding the positives and negatives that come with subsidized housing

Revitalizing a downtown through smart planning, designing, and financing 

Taking action so you can achieve “hockey stick” growth in real estate

Working with the city so you can collectively build something that adds value to the community

How to negotiate so both the buyer and seller walk away with a win

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BPCon 2021

David's Instagram

BiggerPockets Store

Open Door Capital

The Self Storage Conference

Maui Masterclass with Brandon Turner and Tarl Yarber

Noah and Jeff's Episode (coming soon!)

BiggerPockets Podcast 511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls!

How to Invest in Real Estate—The Ultimate Show for Getting Started with Josh Dorkin, Brandon Turner, and 11 Rockstar Investors

BiggerPockets Webinar

JDC Mindset Academy

Audible

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)

Josh Dorkin's Instagram

Check the full show notes here: https://biggerpockets.com/show538

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 538 where we talk about a whole ton of stuff with commercial and

0:08.7

residential

0:09.5

Reveitalization of downtown with an awesome guest Katie Niesen

0:12.9

But like we're doing this because we want a sense of freedom of your life back

0:17.7

You want to live a different life?

0:19.2

So if you just like have more problems and hate what you do like just stick with your job and even though like my first two

0:25.7

Investments if I started over again. I'd probably pick a different path knowing what I know like it was I learned so much that I wouldn't exchange it at all

0:40.6

What's up everyone? My name is Brandon Turner host of the bigger pockets podcast at least for the next few weeks

0:45.3

Until David takes over as host and I'm gonna spend some more time surfing today's podcast

0:50.6

This is the show where we it's our mission to arm you with the tools needed to jump into rules investing so you can reach that

0:58.6

Financial freedom faster and make working a 95 job optional. I'm here today again. Of course with my

1:05.8

Bestie and co host David Green. What's up David Green? How you doing man?

1:09.8

I'm doing fantastic actually to really good mood the David Green team went on a tear

1:15.0

So we have a Southern California division and a Northern California division and the so-cow teams on fire

1:19.8

They have 14 houses in contract a month ago. They had like four so

1:25.0

Going yes, absolutely and that gets me pumped up because every single person we help get a house under contract

1:30.8

I look at like we just made a future millionaire with the way that things are going

1:34.2

So I am in a very good mood and I'm happy. Thank you for asking. How about you?

1:38.7

What's going on in your world man? I just got done with a five-week vacation

1:42.5

So that was a long time I went to Disney World and I missed you man

1:46.2

I don't think I told you that it was five weeks without branding is harder than it sounds it was a long time

1:51.1

But yeah, man. I missed you to actually so what'd you do everything?

...

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