382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus)

<p>Today we bring you Part 1 of back-to-back episodes with real estate investor/appraiser/author/all-around good guy <strong>Josiah Smelser.</strong></p><p>This first conversation was recorded pre-coronavirus lockdown, but it's <strong>packed with tips </strong>you can put into action today<strong>. </strong>You'll learn how Josiah solved the #1 bottleneck in his business (capital!), allowing him to <strong>BRRRR at scale </strong>and rack up rental properties with very <strong>little money out of pocket. </strong>Even more impressive: he's doing it long-distance (The properties are in Dallas, TX and Josiah lives in Huntsville, AL.)</p><p>And if that weren't enough, the guys go in-depth on <strong>appraisals</strong> – and the techniques you can use to help appraisers see your side of the story. Josiah's a longtime licensed appraiser, so he speaks from experience... and he shares his playbook for giving yourself the best chance to pull all your money out of your deal.</p><p>If you like what Josiah has to say, then be sure to check it <strong>Part 2 tomorrow</strong>. We bring him back on, post-COVID-19, to discuss the serious challenges he's faced: lenders pulling out, property values dropping, and even a domestic violence issue at one of his rentals.</p><p>The good news: he made it through. Tune in tomorrow to hear how!</p><p><strong>In This Episode We Cover:</strong></p><ul><li>Why Josiah sold his properties pre-2008 crash (and why he still regrets it!)</li><li>Combining hard money and private money to BRRRR with no money out of pocket</li><li>How Josiah uses "boots on the ground" partners to invest at a distance</li><li>Why he analyzes 8-10 deals per day</li><li>Buying houses sight unseen</li><li>Why BRRRR investors must keep cash reserves</li><li>How to talk to appraisers (like getting out of a speeding ticket!)</li><li>Why a property's list price is irrelevant</li><li>Deals... on the MLS, in 2020?!</li><li>The square footage trick that's made him thousands of dollars</li><li>Losing out to a lower of