2024's Biggest Opportunities to Make Money in Real Estate

Episode #1001

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Want to make money in real estate investing, EVEN during 2024’s harsh housing market? It’s easier than you might think—and we’ve got the proof. We brought expert investors Ashley Kehr and Henry Washington on to the show to share exactly what they’re doing to make more money, even as most investors sit on the sidelines, worrying about interest rates and high home prices.

From $50,000 profits on fast flips to a sneaky tactic to boost rents by fifty percent in just weeks, we’re showing investors can make more money than ever before, no matter the market. First, Ashley and Henry tell us about the deals they’ve been doing this year. Both are tackling more projects than most investors, so how are they finding undervalued properties, and what are they doing with them? Next, we’ll walk through the quick house flips making these investors more than $50,000 in profit in LOW-COST markets! You could replace your yearly salary with just one of these flips!

Finally, Dave spills his secret on how he’s increased the rents on his properties by up to fifty percent, all while buying his rentals at market value. If you have his level of patience, you’ll be able to create cash flow when most investors are struggling to break even on properties they buy. These tactics are working across the country, in many markets, in 2024. And if these investors can do MULTIPLE deals like this, you can too!

00:00 Introduction

02:04 Deals We're Running This Year

09:32 Hands-Free Home Buying and Selling

22:44 $55,000 Profit on a Quick Buy and Sell

29:35 How to Increase Rent by 50%

39:15 The Dish

[illes_invest]

Putting a door in front of the washer/dryer and locking it unless they pay $50/mo? Whether we like it or not, rentals are a customer service business and tenants are your customers. That sounds like an amazing way to start things off on the wrong foot and have your tenants resent you for the long term. There isn't a tenant out there that would take kindly to something like that. Customer service is everything and hoarding an expected ammentity for a cost, is very poor customer service IMO.

[TheRealEstateMix]

One of our favorite podcasts to get insight from! With these 4 months left in the year lets get this bread!!

[aprilvancleve]

Live laugh poop. Omg! 😂😂

Mine says 'memories last, clean houses won't' to remind me to chill on the OCD and that others opinions mean less than time with my family.

[aprilvancleve]

Totally love listening to ways you guys get creative! I also didn't know third party companies will put in a little laundry mat if you don't want to manage one in your property. Very cool. I like the idea of leaving equity in a property for opportunities when they arise. Safer that way too, it feels.

[hurikane]

I sure hope real estate investors don’t treat all their properties like this lady suggests. Locking up the washer and dryer and charging a fee for it in a duplex sounds crazy. Also taking up the basement space with lockers only you can get in and out of and charging 50 bucks a month for that seems a little obnoxious too. How would you like to live in a place where the storage downstairs is taken up, so that you can only use it if you pay a fee and you can only wash your clothes if you pay a fee. I’m for making money, but I have to say moves like this seem pretty slimy and I wouldn’t want to live in an environment like that

[FIRE_DrNinjaTurtle]

Gary Keller’s book is my favorite. I do not flip but I would say J Scott’s book. I have an autographed book from J Scott and he is one of my three unofficial mentors 😊😊😊😊😊

[imeldainterino]

Im a listing agent and I am really shocked how you guys can flip and make $$$ in today's economy. Im in Dallas, TX and most properties on the MLS have been sitting for over 90 days. I know some investors who are buying and turn it into mid-term rentals and make more $$$. Kudos to both of you if flipping properties work best 🎉❤

[jeanpaulg]

Love your show! You all have a great dynamic and great insight.

One question - how do you find multifamily owners with below market rents? Just scouring listings, or an app?

[ericturner]

Thank you all! This is great advice for someone like me that is just getting started. Great to know that I am doing things the same way you all are doing.

[Jack_of__Trade]

Love how you introduced Ashley and gave that side look. Awkward!!!

[davidstephens]

Good episode! Really liked hearing more about your personal deals.

[hobiegary]

Loved the podcast! Keep 'em comming.

[TempoFunding]

Great content quality and enjoyed listening to the conversations in this podcast! Favorite section was "Hands-Free Home Buying and Selling"

[caseyhunt]

Great show. How do we get our hands on Ashleys spreadsheets?

[odima]

Great show!

Hi David, I am interested in learning more from you or any other person who can provide me with a mentorship program.

Looking forward to your response.

Regards,
David.

[aaronmurphy]

My idea - maybe today in 2024

peope can do investing .

[nolanderskidaddy]

Biggerpockets could be a lot better if the Lumberjack Landlord was on it. Just saying.