How to Get Started in Real Estate Investing with Live-In Flips
- March 26, 2020
- by Chelsea
Why You've Got to Listen to This Episode...
Have you ever considered flipping houses? What about living in them, with your kids, through the renovations? I promise, it’s not as crazy as it sounds. And If you’re just getting started in real estate investing, it could actually be a really great option for you.
Real estate is one of those things that can feel really scary. And it does have a lot of moving pieces. But if you’re willing to pay close attention to your market and figure out what strategy works for your family—whether that’s house hacking, live-in flips, rental properties, etc.—it can be a great way to grow your wealth and create freedom in your life.
Mindy Jensen has been doing live-in flips for over 20 years. After leaving a job she wasn’t passionate about to be home with her kids until they were both in school, Mindy is now the Community Manager for BiggerPockets.com – a hub for insight, advice, and community for all real estate investors, the host of the Bigger Pockets Money Podcast, and author of the book – How to Sell Your Home.
What I loved most about this interview is hearing how real estate helped Mindy and her husband achieve financial independence and create freedom in their lives. Her passion for the industry and helping other mamas achieve the same success is truly inspiring.
In today’s episode, Mindy is going to share with us how live-in flips work, what it looks like with kids, and how to sell your house for the best price—whether you’re a real estate investor or just ready for your next home.
Don't Miss These Highlights!
- [04:43] Mindy explains how she finds houses to flip and how she deals with the financial side of buying a house
- [10:58] How to live in a home while you’re doing a renovation without ripping your hair out
- [30:31] The essential questions you must ask a real estate agent if you’re buying or selling a house
- [38:00] The one thing you need to do if you want your home to sell FAST
- [46:43] Ways to negotiate offer prices to make sure you’re getting the best deal possible for your home
- [49:26] Mindy’s advice for mamas wanting to get into real estate
- [56:15] Chelsea’s Top Takeaways
Links & Resources Mentioned
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Connect with Mindy
Mindy Jensen is the Community Manager for BiggerPockets.com, the host of the BiggerPockets Money Podcast and has been flipping houses – WHILE living in them – for more than 20 years. She’s passionate about personal finance and financial independence and believes that anyone can achieve financial freedom if they just pay attention to their money.
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