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BiggerPockets Real Estate Podcast

868: Buying Rental Properties for $0 Down, 0% Interest the Creative Way w/Dedric and Krystal Polite

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 5 January 2024

⏱️ 50 minutes

🧾️ Download transcript

Summary

One couple is building MASSIVE passive income and generational wealth by buying rental properties for zero dollars out of pocket, sometimes with zero percent interest rates. It sounds too good to be true, doesn’t it? Well, if you’re willing to get a bit creative, you too can build a real estate portfolio that will lead you to hundreds of thousands of dollars a year in passive income, even if you start with little money or experience. Dedric and Krystal Polite are wholesalers, buy and hold rental investors, house flippers, business builders, and, most importantly, husband and wife. After reading the personal finance classic Rich Dad Poor Dad, Dedric had a vision to become rich. It wasn’t until Krystal came into his life that he finally took the steps to realize that dream. Now, they own a massive income property portfolio and host A&E’s 50/50 Flip. In today’s episode, you’ll hear how Dedric and Krystal started with no money, no passive income, and no business knowledge, how they built up their first wholesaling business, how they transitioned into rentals, and the new business they’re investing in that could make them millions. Plus, they give some solid tips on how to invest with a spouse and the question you MUST ask your partner now to make sure they’re willing to build wealth with you.  In This Episode We Cover: The no-money-down, zero-interest creative financing you can use to buy rentals TODAY Building multiple streams of income and why you CAN’T just wholesale and flip houses Investing in small businesses and building a $500K/year passive income stream  The real key to creating multigenerational wealth that’ll actually last  How to know whether or not you should invest with a partner or spouse  When you should (and definitely shouldn’t) use private money on your deals  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 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 Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Henry On the “On the Market” Podcast Henry's BiggerPockets Profile Henry's Instagram Watch “50/50 Flip" Connect with Dedric and Krystal: Dedric's BiggerPockets Profile Dedric and Krystal's Facebook Dedric and Krystal's Instagram Dedric's LinkedIn Dedric and Krystal's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-868 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Bigger Pockets Podcast Show 868.

0:04.3

What's up everybody? I'm your host Henry Washington and I'm here

0:08.1

with the Bad Boy of Real Estate, Mr. Rob Ebusolo.

0:13.0

What's up, my friend?

0:14.0

That's right, the bad boy and the birthday boy of real estate.

0:18.0

Happy birthday!

0:20.0

How old are you?

0:21.0

I'm 34, so I thought it'd actually be really great if we started the show with you telling me your favorite 34 things about me.

0:27.0

Yes, starting down the list, my 34 favorite thing about Rob is that he isn't going to make me do all 34 of these.

0:36.0

No, no, I'm not going to make you do that. But we do have a killer show today where we're going to be talking to two investors,

0:42.1

Dedrick and Crystal Polite, who have such a great name, but they're also active investors in North Carolina, Virginia, and Massachusetts.

0:50.0

And they also just so happened to be the stars of A&E's 50-50 flip.

0:54.0

Today we're going to be discussing how they're using their real estate business

0:57.0

to fund their other insanely profitable businesses.

0:59.6

So stay tuned for that.

1:00.6

We are also going to be discussing how they've pivoted their

1:03.0

real estate business in this more volatile risky market. I like to call it

1:07.4

taking what the defense gives you and we even get a little bit of advice on

1:11.7

how spouses can work together.

1:13.2

Something new we're going to be trying this year is putting everyone's favorite show into a segment

1:16.8

at the end of every single episode, Seeing Green.

1:19.8

After this interview, David Green and I will be taking a listener question about private money and if it's a good tool for your first investment.

...

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