59 min listen
367: Quitting Retail to Flip, BRRRR, and Design with Kara Beckmann
367: Quitting Retail to Flip, BRRRR, and Design with Kara Beckmann
ratings:
Length:
95 minutes
Released:
Jan 30, 2020
Format:
Podcast episode
Description
7X-ing her income by leaving a so-so job to flip houses!Today’s guest is Kara Beckmann, a rehabber and rental property investor who’s tearing it up in Scottsdale, Ariz., and on her Instagram page @beckmannhouse.You'll be inspired by Kara's journey from pastry chef to retail worker to full-time investor funding deals with private and hard money. Kara shares some great tips for networking with wholesalers and builders to snag deals (to date, she's spent $0 on marketing).You'll also learn how she maximizes profit by sticking to her rehab budgets, how she keeps contractors on deadline, and how she manages risk by outlining several different exit strategies.Kara's story will motivate you to apply your own "unique ability" to your real estate business and overcome the fear that might be stopping you from doing your first or next deal!Enjoy this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.In This Episode We Cover:How Kara learned saving habits at age 14How she started thinking like an entrepreneur while working in retailHow she was motivated by not getting a raise in 5 yearsBuying her first deal for $50K below asking priceReinvesting profits from her first flipHer apprenticeship with a general contractorHow she develops a scope of work and deadlineWhy she doesn’t spend any money on marketingHer networking tipsThe challenges of investing without W-2 incomeHow she prepares several exit strategies for each dealWhere she gets inspiration for her designsHow she sticks to her budgets (the “price per square foot” method)Incentivizing her contractors to complete work on timeAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Money PodcastBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)BiggerPockets ConferenceZillowRealtor.comTikTokEmail: podcast@biggerpockets.comCheck the full show notes here: http://biggerpockets.com/show367See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jan 30, 2020
Format:
Podcast episode
Titles in the series (100)
#3: Getting Started in Real Estate and Raising Money with Brian Burke: In today's show we talk with Brian Burke, a house flipper and real estate investor from Northern California with a fantastic story and fascinating business model. Two days ago, Brian wrote a wildly popular article on the BiggerPockets Blog titled,... by BiggerPockets Real Estate Podcast