779: How Delivering Pizzas Helped Me Build a 27-Unit Rental Portfolio w/Pamela Bardhi

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 15 June 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

The key to financial freedom? Work as a pizza delivery driver! Not only will you learn how to handle high-pressure situations, but you might also find your next property on a regular pizza run! At least that’s what Pamela Bardhi did to build her twenty-seven-unit rental property portfolio and reach financial independence in her late twenties! Pamela’s family moved to the United States when she was just five years old, thrusting her into the restaurant business before she realized that real estate was her true passion. Pamela did everything right. She studied hard, got scholarships, worked at internships, and built her own business, but she was still miserable. Working every day of the week, often twelve hours at a time, was eating away at her. She wanted some side income to help her dial back the time spent building her business, but when her first deal turned into a $100,000 profit, the property game was too enticing to resist. Since then, she’s scaled to massive heights and wants you to do the same. With twenty-seven rental units, over one hundred deals done, and a financially free lifestyle by thirty-one, Pamela knows what it takes to build a property portfolio FAST. But she also knows what can make it crumble. Pamela shares her three BIGGEST lessons learned from doing over one hundred deals and how she turned delivering pizzas into a passive income stream that will create generational wealth for her whole family. In This Episode We Cover: How to reach financial independence with rentals in under ten years The three biggest lessons every real estate investor must learn to NOT get burnt on a deal Passive vs. active income and why the investor life isn’t for everyone Becoming your own boss and quitting corporate to do what truly fuels you How the right mentor can immensely speed up your road to early retirement Real estate partnership red flags that’ll lead to you losing money or pulling your hair out And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) The 30-Something’s Guide to Financial Freedom Flipping Houses: How to Get Started and Everything You Should Know Connect with Pamela: Pamela's BiggerPockets Profile Pamela's Instagram Pamela's LinkedIn Pamela's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-779 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. 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, 7-7-9.
0:03.6	I went from delivering pizzas to a deletin' to a 9-figure real estate career, which was absolutely insane.
0:08.9	And she literally said to me,
0:10.7	the words that changed my life.
0:13.0	You're just too ambitious. This is big money and you could lose your damn shirt.
0:18.3	Real estate is the freedom vehicle period.
0:21.5	What's going on everyone is David Green your host of the Bigger Pockets Real Estate Podcast,
0:25.1	the biggest the best, the baddest real estate podcast in the world.
0:28.6	Join today by a fellow bad man, Robert Alessolo. Rob, how you feeling today?
0:33.4	I'm feeling good. I'm feeling energized. I walked 10,000 steps today. I worked out. I launched a company.
0:40.9	I did. You know, it's like the running joke on on Instagram where they're like,
0:45.6	starting LLC by 6 AM. I actually did, not by 6, but later on. So it feels good. I'm feeling like I got a
0:53.6	a new a new vibe about me. How about that?
0:56.8	Apparently walking 10,000 steps can completely change your life. So there you have it. This is what Rob considers exercise.
1:03.3	And, and well, no, I also worked out. Cool it pal.
1:06.4	Okay. So I thought you were saying the workout was the 10,000 steps and I was a little disappointed.
1:10.6	That's in addition to the workout. Now I'm getting excited. Okay.
1:14.2	And, and, and very important.
1:17.2	I through through new company, send company, I was able to save us four to six hundred thousand
1:23.8	dollars in taxes on our Scottsdale property through cost segregation and bonus depreciation and
1:29.7	all that good stuff. So yeah, it always feels nice to lower your tax bill.
1:33.6	Oh, yeah. And I love that you took credit for it. Like you invented cost segregation or had the
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