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422: From W2-Job Single Mom to Flipping Real Estate Rockstar with Amanda Young

422: From W2-Job Single Mom to Flipping Real Estate Rockstar with Amanda Young

FromBiggerPockets Real Estate Podcast


422: From W2-Job Single Mom to Flipping Real Estate Rockstar with Amanda Young

FromBiggerPockets Real Estate Podcast

ratings:
Length:
60 minutes
Released:
Dec 3, 2020
Format:
Podcast episode

Description

Amanda Young stumbled into real estate. After being let go from a job, dealing with a family emergency, and homeschooling her son, Amanda knew that she had to find a way to provide for her family, but also allow her to discover her hidden edge.After finding BiggerPockets and joining a local REIA (real estate investors association), she decided to take the jump and buy her first rental. Now, in 2020, she has 7 rental properties and a flourishing flipping business, working with a partner that matches her energy.Amanda found her localized niche by targeting owners of “sinkhole homes” and offering them deals that not only made sense for the buyer, but were a steal for her. She then used creative financing (really creative) to get these homes under contract.Amanda is the definition of someone who has grit, and is willing to work hard to earn their piece. She talks through Section 2 deals, 1031 exchanges, refinancing, and even how to “COVID-Proof” your tenants, so when the next global emergency happens, you’ll be ready.In This Episode We Cover:How to fight your analysis paralysis and get deals doneWhat probate deals are and how to find leadsWhy owner financing can be a win-win for buyers and sellersHow Amanda found a niche in “sinkhole homes”Why it’s important to find a niche that others would run fromHow to “COVID-Proof” your rental propertiesGetting ahead as a woman in a male-dominated industry (flipping)Empathizing with the seller so you’ll win negotiations (even with less money)And SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastSinkholes: Swallowed Alive (Discovery Channel)BiggerPockets Podcast 412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley WilsonCheck the full show notes here: https://www.biggerpockets.com/show422See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Dec 3, 2020
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.