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BiggerPockets Real Estate Podcast

851: Turning $15K into $4K/Month by Investing in This Overlooked Asset Class w/Jason Velie

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 1 December 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

There’s one type of investment property most people would NEVER consider that could make you a millionaire. They’re not regular rental properties or huge apartment complexes—in fact, they’re so cheap that most investors could probably buy them outright in cash. What’s this “overlooked” investment property that could make you millions? Stick around, we’ll tell you. Four years ago, Jason Velie worked at a W2 job without any investment property or passive income. Now, he’s a multimillionaire, making $10,000/month in pure cash flow, NEVER having to wake up to an alarm clock again. After a first deal gone wrong, where Jason spent two years working on a house just to break even, he was introduced to a new type of investment property—one nobody talks about. With the massive profits from these cash cow deals, Jason was then able to use just $15,000 to buy a property that is now worth $1,000,000. And this was ALL during one of the hottest real estate markets ever. The best part? You can do EXACTLY what Jason did to become a millionaire, too, so stick around to hear his FULL strategy! In This Episode We Cover The “overlooked” asset class that could make you six figures with ONE deal Why you should NEVER pay a contractor without seeing the completed work Calculating your “worst-case scenario” before you buy ANY property Investing in mobile and manufactured homes and cheap real estate with huge upside The one real estate investing tool Jason used to explode his portfolio How Jason turned $15,000 into $4,000 per month in pure cash flow! And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-851 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 BiggerPockets Podcast Show 851.

0:04.0

What's going on everyone? This is David Green, you are host of the Bigger

0:06.8

Pocket's Real Estate Podcast, the number one real estate podcast in the world.

0:11.8

Each week we bring you the knowledge how-toes and the market insights that you need to make the best possible

0:16.8

financial decisions you can in order to improve your financial position and build the life that you've always

0:22.3

wanted.

0:23.2

In today's show, Rob and I are interviewing Jason V. Lee, who built a portfolio that now

0:27.8

pulls in six figures a year by investing in an often overlooked asset class.

0:33.0

Jason was able to leave his W-2 job this year

0:36.8

after replacing his income from real estate,

0:39.1

the holy grail, the goal of every single real estate

0:42.3

investor, and we are going to share exactly how he did it and

0:45.1

how hopefully you can too.

0:46.9

I'm joined today with my co-host Rob Abisolo Rob how are you?

0:50.5

Good man good you know we get into some very, very good conversation about what a true worst-case scenario deal looks like.

0:57.0

We're going to give you some insight on an underrated asset type that might be the way for you to get into real estate investing, and we're going to show you how to

1:02.8

take a leap in scale into multifamily if that's what's next for you.

1:06.0

And before we bring in today's guest, Jason, a quick tip for all of you loyal

1:11.5

listeners.

1:13.0

Have you ever listened to a podcast and not known what the word that someone used meant?

1:17.5

Maybe you've been to a meet-up and you heard people talking about a type of real estate investment opportunity and you just weren't sure what they were getting at.

1:25.1

This may seem simple but remember you can always Google what a word means. I love this.

...

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