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

<p><strong>Amanda Young </strong>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 <strong>provide for her family</strong>, but also allow her to<strong> discover her hidden edge</strong>.</p><p>After finding BiggerPockets and joining a local <a href="https://www.biggerpockets.com/rei/real-estate-clubs/" rel="noopener noreferrer" target="_blank">REIA (real estate investors association)</a>, she decided to take the jump and <strong>buy her first rental</strong>. Now, in 2020, she has 7 rental properties and a flourishing<strong> flipping business</strong>, working with a partner that matches her energy.</p><p>Amanda found her <strong>localized niche</strong> by targeting owners of “<strong>sinkhole homes</strong>” 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.</p><p>Amanda is the definition of someone who has grit, and is willing to work hard to earn their piece. She talks through <strong>Section 2 deals, </strong><a href="https://www.biggerpockets.com/blog/2015-09-24-1031-exchanges-real-estate" rel="noopener noreferrer" target="_blank"><strong>1031 exchanges</strong></a><strong>, refinancing</strong>, and even how to “<strong>COVID-Proof</strong>” your tenants, so when the next global emergency happens, you’ll be ready.</p><p>In This Episode We Cover:</p><ul><li>How to fight your <strong>analysis paralysis </strong>and get deals done</li><li>What <strong>probate deals</strong> are and how to find leads</li><li>Why <a href="https://www.biggerpockets.com/blog/2016-06-27-creative-financing-create-wealth-grow-portfolio" rel="noopener noreferrer" target="_blank"><strong>owner financing</strong></a> can be a win-win for buyers and sellers</li><li>How Amanda found a niche in “<strong>sinkhole homes</strong>”</li><li>Why it’s important to find a niche that others would run from