BiggerPockets Podcast 129: Live-in Flips, Frugality, and Finance with Mindy Jensen

BiggerPockets Podcast 129: Live-in Flips, Frugality, and Finance with Mindy Jensen

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On this episode of the BiggerPockets Podcast, we’re going to talk about a unique strategy that combines the power of house flipping with the benefits of home ownership. You’ll meet Mindy Jensen and discover how she uses the “live-in flip” strategy to build wealth through real estate. You’ll also learn how a live-in flipper can save significant money on taxes as well as a discussion on the benefits of doing your own work. Don’t miss this enlightening, and hilarious, episode!

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This Show Sponsored By

patchoflandWe just wanted to give a shout out to our podcast sponsor on today’s show: Patch of Land. Patch of Land is a Peer-to-Real-Estate (“P2RE”) lending marketplace that matches accredited and institutional investors seeking high-yield, short-term, asset-collateralized investments to borrowers seeking more timely and consistent sources of funding for rehabbing properties across America.

Learn more by visiting Patch of Land!

In This Episode We Cover:

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  • Who Mindy Jensen is
  • Her thoughts on personal finance
  • Frugality, as defined by Mindy
  • A debate on Starbucks (as well as Priuses) and frugality
  • Where she spends her money
  • How Mindy got started in real estate
  • Details on her deals
  • 7% as a steal?
  • The ins and outs of performing a live and flip
  • Getting a real estate license as a means to invest
  • What you should know about For Sale By Owner (FSBO) properties
  • How she advertises her houses
  • The pros and cons of live and flips
  • Why women can and should fix houses
  • The importance of home inspections
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “Frugality is save money where you can, so you can spend it where you want to or where you need to.” (Tweet This!)
  • “I didn’t get my license to sell houses. I got it so that I could invest and have access to MLS.” (Tweet This!)
  • “Nobody likes your house more than you.” (Tweet This!)

Connect with Mindy

On this episode of the BiggerPockets Podcast, we’re going to talk about a unique strategy that combines the power of house flipping with the benefits of home ownership. You’ll meet […]