178: From House Hacker to House Flipper & Landlord with Charlie Kao
Shah :)
Deskripsi
<p>Trying to build a real estate portfolio when you are brand new and work a full-time job can be tough. That’s why today we are excited to bring you an interview with an investor (and moonlighting stand-up comedian) with a remarkable story of using various “<a href="https://www.biggerpockets.com/blog/2013/11/02/hack-housing-get-paid-live-free/" target="_blank">house hacks</a>” to jump into the game. Charlie Kao, who hails from the Detroit, Michigan market, covers his entire investing journey, from condo investing to house flipping to landlording and more. And don’t miss Charlie’s powerful — and incredibly unique — strategy for finding deals through networking! Today’s show is sure to bring new strategies to your business, and the humor will leave you smiling all day!</p><p>In This Episode We Cover:</p><ul><li>Where Charlie comes from</li><li>How he learned real estate from his dad</li><li>Thoughts on starting off with $5-40k houses</li><li>A discussion about Detroit</li><li>The details of his first deal</li><li>How he realized how to live and flip via working at the bank</li><li>What exactly an underwriter is</li><li>Charlie’s first true flip in Grand Rapids</li><li>Thoughts on valuing your time when it comes to flipping</li><li>Tips for living in your flip</li><li>How he started out as a househacker</li><li>How he lived in the house for two years</li><li>How it might be difficult to live and flip with kids</li><li>Tips for getting your spouse on board</li><li>How to flip while having a full time w-2 job</li><li>How many flips Charlie has done so far</li><li>How he finds properties and the price range he looks for</li><li>The mailman and the foundation specialist as sources of leads</li><li>How he manages to get stated income loans</li><li>Some of the worst deals he’s had</li><li>What would have he done differently&n
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quinn_Brown
Episode
178: From House Hacker to House Flipper & Landlord with Charlie Kao
Shah :)