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From Wholesaling to Hoarder House Flips: 17 MUST-Read Real Estate Investing Success Stories

Mindy Jensen
4 min read
From Wholesaling to Hoarder House Flips: 17 MUST-Read Real Estate Investing Success Stories

Getting started investing in real estate can be so tough. Fear can hold you back: fear of losing money, fear of the unknown. While I find it helps to hear about times others have made mistakes–it’s nice to know I’m not alone there–it’s even more helpful to hear when (and how) others have succeeded.

Whether you are interested in flipping, wholesaling, or becoming a landlord, here are 17 Real Estate Success Stories to inspire you to take that first step.

The First Multi-Family Deal

Houston 14 Unit Multi-Family Closed 2 Weeks Ago

This deal features two BiggerPockets members working together to get this deal done in Houston. Kevin Wood wanted to purchase a multi-family property, but kept running into the same basic problem: bad numbers. “Misrepresented” income, wishful-thinking expenses, etc. Enter Sharon Tzib to help them navigate the out-of-state investment.

Getting Paid $6,000 to Learn How to Flip Houses

My First Flip (with Pics!)- Small $$ Profit – Big Exp. Profit

Learning how to flip, while earning a small profit

Our next success story didn’t realize huge dollar gains, but the investor learned an enormous lesson and still walked away from the closing table with a check in hand. Any time you make money is a success story. Any time you don’t have to pay for an education is also a success story. Read about Victor Eng’s win-win.

I Paid a House Off in Just 3 Years!

I paid off a house in just 3 years!

Honestly, the headline says it all. I have absolutely nothing to add. Check out Dawn Anastasi’s awesome story about how she paid off her investment property in three years.

Related: Why the Small, Seemingly Insignificant Actions You Perform Daily Are VITAL to Your Success

Successful Wholesaling in Canada

Wholesale Success In Canada

Another success story that owes itself to its BiggerPockets affiliation. William Johnson details how a conversation with Brian Gibbons encouraged him to increase his asking price, which led to a $20,000 profit.

Live and Flipping

Live and Flip in Columbus Ohio – $106,600 Gross Profit

$64,000 Profit

It takes vision to see through the ugly and bring out the beautiful in a home, and it takes fortitude to live through all that mess. I’ve done it 6 times, and every time I say it is the last time. Then I get that check, and all those zeroes make me do it again.

Read how Marty Rini made $67,000 in his latest live and flip.

More Wholesale Success

Thank You BP!!! I’ve Closed My First Wholesale Deal

This story is definitely in my top 5 favorites. Eric Harris describes in depth his experiences with his first mailing, contacts with sellers, and his first wholesale deal. He overcame his anxiety related to talking to sellers and took the plunge.

Overcoming Title Issues

When 4 title companies tell you no, know that the 5th may say yes

Title insurance is recommended unless you know the entire history of a property, and even then it isn’t a bad idea. But what happens when you can’t get title insurance due to a cloud? Keep talking to title companies. Read how Jeff Soloway overcame his title problems through perseverance.

1031 Exchange PLUS BiggerPockets Members Collaborating

Just closed on an 8 plex

This deal features a 1031 exchange, BiggerPockets members collaborating, an 8-plex, instant equity, and below market rents. Read more about how Bill S. worked this deal from possible wholesale to outright purchase.

Success By Saying “No”

Just say No!

Not every property would be a good investment; in fact, most aren’t. In today’s hot market, it may be tempting to snatch up anything you can get, but that doesn’t always make good financial sense.

Learn how Tracy Mason stuck by his numbers, didn’t get emotionally attached, and walked away from a deal that didn’t make sense.

Related: Why the Happiest, Most Successful People Say “No” to Almost Everything

First Time Success Has Wife Saying “YES!” to Real Estate Investing

My First Flip – An Amazing Experience!

So Tim G. gets a new job, and his boss introduces him to real estate investing. He falls in love with the idea (sound familiar?), but his wife isn’t too keen on the whole landlord thing. They decide to try a flip and have such fantastic results she is now warming up to the idea of being a landlord.

Most Successful Mailing Campaign

Best mailing campaign that I ever had

I used to work in advertising, where a 1% response was considered a very successful campaign. Here’s a story with a 3% response. Read how Pavel Sakurets got more people to open his letters.

University Duplex Plus Maybe a Tiny House?

First Purchase!

After spending some time reading and learning, our next successful investor felt ready to start. He and his wife purchased a duplex near the University where she works, with plans to live on one side and rent out a bedroom in their unit plus rent out the entire other half of the duplex. Currently unused land has him thinking of adding a tiny house to the property as well.

Connections Pay Off

Denver Condo Flip

Connections Pay Off

Is everyone you know aware of what you do? Do you talk about investing in real estate with everyone you meet? Working your connections can have huge payoffs. Even when THEY don’t have a property to sell, perhaps they know someone who does.

Our next success story revolves around the connections that Matt M. has made throughout his real estate career and how it paid huge dividends to tell people he is always looking for his next deal.

Some Properties Just Need Cosmetic Touchups

On to the next one!

This house wasn’t in horrible shape to begin with, and new paint, cabinets and flooring make it look fantastic. Net profit of $19,500, and Chris Sciolino is on to his next project.

Buying the Houses That No One Else Wants

Sold! FLIP $42,000 Profit 19.4% ROI – A house no one wanted…Seattle/Tacoma

Sometimes a house will sit on the market for a while due to issues that “seem” to have an expensive fix. Talk to contractors about ways to repair these issues; you might find out that the sloped floor is really quite inexpensive to repair. Tarl Yarber shares his story: the easy fix with a whopping $41,000 in profit in 130 days.

Flipping in a New Area

First Flip in Columbus, OH

Moving from one area to another can make for some interesting learning curves. Rebuilding a team can also take some time. Read how Brian R. made the move, partnered up with a great agent, did a couple of deals with two BiggerPockets members, then found and completed their first flip in their new location.

Cat Litter House?!?

Cat Litter House: Flip # 653 and it could be the worst one yet. Look at the pics and you decide.

The Cat Litter House

And now our last success story. I do not possess the vocabulary to adequately describe this story. Thankfully, Brian Burke had the foresight to take loads of pictures. I can actually SMELL this house from looking at them. Take the time to read the whole story. You’ll miss out on some pretty fascinating details if you just skim through!

What was your biggest success story?

Share it below, or even better, share it on the Forums!

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.