790: BiggerNews: How to Find 0% Interest and Instant Cash Flow Deals in 2023

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 11 July 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want a zero percent interest rate and a paid-off seven-figure property? What about a quick fix and flip that’ll net you six figures in profits? Or, maybe buy an office and make nearly half a million dollars while having your own workplace? It’s 2023, and the housing market has turned most real estate investors off. Everyone thinks that deals are impossible to find, but funnily enough, we keep hearing stories about real estate investors making massive profits while residential buyers cower in fear. So, where can you find these deals? We’ve brought back Kim Meredith-Hampton and Victor Steffen from the Tampa/St. Petersburg, Florida, area and the Dallas-Fort Worth, Texas, markets, respectively. Plus, Matthew Nicklin from southern seller’s market, Atlanta, Georgia, joins us as we review real deals from all three markets to show you that no matter the housing market cycle, you can STILL make money in real estate (even in 2023!) We’ll go over six individual deals, from turnkey medium-term rentals selling at zero percent mortgage rates (with seller financing) to easy, instant cash flow deals with perfect tenants in place. But maybe you’re not a buy and hold investor. If so, a couple of flip deals are brought on to show that six-figure profit potential still exists for the right properties. And, we’ll deep dive into one of the agent’s commercial real estate deals that made nearly half a million dollars in equity alone! In This Episode We Cover: Three hot southern housing markets where you can still find real estate deals Signs of a stable market and why you want to see faster home sales Seller financing and how to use it to score a rock-bottom mortgage rate on your next rental How to use private lending to make a killing without getting your hands dirty on a deal “Office hacking” and turning unused space into cash flow and HUGE equity gains Paying off your property faster and why having little-to-no cash flow may be worth an earlier retirement 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 Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Articles on Atlanta BiggerPockets Articles on Dallas BiggerPockets Articles on Tampa Connect with Kim, Matthew, & Victor: Kim's BiggerPockets Profile Kim's Website Matthew's BiggerPockets Profile Matthew's Website Victor's BiggerPockets Profile Victor's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-790 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 Pogs Podcast.
0:01.8	Show 790.
0:04.3	So we drafted that offer.
0:05.8	We offered zero percent interest on a seven-year term.
0:10.8	So basically like a car loan, right?
0:13.2	And they went for it.
0:15.2	So we're at $6,500 a month with the balloon of the balance,
0:18.5	too.
0:18.8	And in seven years, so they'll end up
0:21.5	buying about $40,000 at the end of that term.
0:23.8	But it's a phenomenal, phenomenal deal.
0:26.6	And that thing is pulling in gross income
0:28.3	up about $8,000 a month.
0:29.8	So they're going to let the tenants pay it off.
0:32.1	And from there, they'll have a free and clear asset
0:34.4	in the great market.
0:35.9	That's going to be a good value play for them
0:38.5	to help fund their retirement.
0:39.9	What's going on, everyone?
0:40.6	It's David Green, your host of the Bigger Pogs
0:42.6	Podcast, your today with my co-host, Rob Abbasolo,
0:46.4	looking stunning and fabulous as ever, Rob.
	...

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