EP 9 - Treasure Hunt in a Hoarder House
Dec 08, 2021
Treasure Hunt in a Hoarder House
Episode 9 Show Notes
In this episode of the Collecting Keys Real Estate Investing Podcast, we review the walkthroughs we did this week and address a few important concepts in real estate investing that you should know about: having multiple exits on a real estate investment deal, vetting the people you work with, and not letting a junk-filled hoarder house scare you away from making a smart investment. You’ll gain insight into what we’re learning as beginner Airbnb hosts, a few new investment opportunities we’re considering, and the surprisingly great things that come from flipping hoarder houses. Plus, we give you another shocking update on our kidnapped seller and share another horror story from this week! Buckle up, this episode is a fun one!
Key Points From This Episode:
- Detailing our walkthroughs from earlier today & What we’re learning from being a beginner Airbnb host. [01:25]
- Why it’s important to have multiple exits on a real estate investment deal & Details on our new opportunity for a vacant double lot build. [07:11]
- What happens when you a sign a deal with someone who’s associated with untrustworthy people? & The mutual benefits of mentoring a new investor. [09:02]
- A new way of looking at your personal finances as an investor. [12:54]
- Stocks vs. Real Estate: Which is a better investment? [14:15]
- Tips and advice for new real estate investors: Getting partners, taking risks, and vetting the people you work with. [15:22]
- What it’s like buying a hoarder house and flipping it into a rental property (opportunities are everywhere!). [17:42]
- When to convert a garage into an extra bedroom. [27:33]
- How we’re preparing for January 2022 & Helping our Acquisitions Manager close his first deal. [31:35]
- Horror stories from this week & Another update from the kidnapped seller. [34:08]
Tweetables:
“Recently, we’ve come across this a lot where we’re meeting all these people and there’s just so much talk going on and no one’s actually doing what they’re saying, so you’ve got to be careful.” — Michael DeHaan [0:16:33]
“There are opportunities everywhere! People find good stuff. Somebody in our mastermind group found a classic car.” — Michael DeHaan [0:26:04]
Resources Mentioned:
Book a stay at our Airbnb!
https://www.airbnb.com/rooms/53241923
https://www.airbnb.com/rooms/53892018
Connect with us:
Connect with Michael DeHaan on LinkedIn
Follow Michael DeHaan on Instagram
Follow Michael DeHaan on TikTok
Follow Dan Austin on Instagram
Listen to more Collecting Keys episodes
Collecting Keys Podcast on Instagram
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