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177: Gang Houses, Animals, and 17 Units by Capitalizing on Properties People Avoid

177: Gang Houses, Animals, and 17 Units by Capitalizing on Properties People Avoid

FromReal Estate Rookie


177: Gang Houses, Animals, and 17 Units by Capitalizing on Properties People Avoid

FromReal Estate Rookie

ratings:
Length:
64 minutes
Released:
Apr 27, 2022
Format:
Podcast episode

Description

Someone has to step up to the plate when a challenge presents itself, and today’s guest always does. Tammy Skeath began her real estate journey in 2018, and despite being faced with several unique obstacles, she has found immense success. She currently has seventeen units and plans on expanding exponentially within the next few years.Tammy was inspired to get started after watching her cousin continue to build wealth through real estate. Her first deal was a carbon copy of one of his deals. By doing this, she learned the ins and outs while having a step-by-step real estate guide she could reference. Despite replicating his deal, she encountered various problems that made the process more difficult. The city she invested in has strict rules to protect endangered animals, and instead of investing elsewhere she decided to do more research on the issue. From her research she was able to find a unique solution and complete the project.She did this again when she bought a gang house with twenty-seven code violations. Most people would say this type of property isn’t worth the hassle, but it was for her. She was able to double her initial investment, and pull out $600,000 from this one deal. Now real estate allows her to bring in a large amount of income, reach her goals faster and still have the time to spend with her kids.In This Episode We CoverGoal setting—how to define your goal, pursue it, and pivot once you achieve itHow to become good at and capitalize on something everyone’s scared of (it’s not as hard as you think)Spec builds—how to find a contractor & ask the right questions1031 exchanges, how to perform one, and why they’re an underrated investment toolHow to use cash for keys as a tool to help you and your tenant part ways peacefullyAnd So Much More!Links from the ShowAshley's InstagramTony's InstagramBiggerPocketsReal Estate Rookie Youtube ChannelReal Estate Rookie PodcastReal Estate Rookie Facebook GroupAlpha Geek CapitalMLSYelpApartments.comStride: Mileage & Tax TrackerWave FinancialConnect with Tammy:Tammy's InstagramTammy's EmailTammy's BiggerPockets ProfileCheck out the full show notes here: https://biggerpockets.com/blog/rookie-177See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Apr 27, 2022
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.