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BiggerPockets Podcast 147: Turning “Weird” Properties Into Cash-Flowing Monsters with Johnny Youssef

BiggerPockets Podcast 147: Turning “Weird” Properties Into Cash-Flowing Monsters with Johnny Youssef

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Sometimes to find success, you have to think outside the box! That’s why today on the BiggerPockets Podcast we’re excited to bring you an interview with Johnny Youssef, a young investor who has found clever ways to turn properties that no one else wants into cash flowing monsters. You’ll be inspired and motivated after hearing Johnny’s story, as well as his philosophy of using “financial freedom” to help others. Don’t miss a second of this powerful show!

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This Show Sponsored By

rio logoWe just wanted to give a shout out to our podcast sponsor on today’s show: Residential Investor One. Residential Investor One is a powerful cooperative of residential real estate investors dedicated to enhancing the efficiency and productivity of their members.

Learn more by calling 855-257-2201 or visiting residentialinvestorone.com/biggerpockets

Fire Round Sponsorfreshlogo

A huge thanks as well to our Fire Round sponsor FreshBooks.
FreshBooks customers spend less time on paperwork, freeing up 2 days per month to focus on the work they love. What would you do with that extra time?

Learn more by visiting FreshBooks.

In This Episode We Cover:

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  • Thoughts on this year’s epic battle: the Mets vs. the Royals
  • Who Johnny is and how he started investing during college
  • How he got his real estate license early to get the commissions
  • How he managed 7 properties from a young age
  • The importance of understanding and helping your market
  • Thoughts on how to fund a property
  • Insight into the question: To have a real estate license or not?
  • How to start out in real estate with no money
  • Why the first property he bought was a duplex
  • How to use the same money to keep your business growing
  • A look at Johnny’s current portfolio
  • Big mistakes people make in hiring employees
  • The level of finish you should aim for when flipping properties
  • How to tenant-proof your properties
  • What is he currently looking at right now
  • The importance of thinking outside of box when investing
  • Johnny’s thoughts on flips vs. rental properties 
  • How to manage vacancies
  • Tips for new investors
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “Look for something that has equity in it. Make money out of it and start investing in other things.” (Tweet This!)
  • “When you’re buying, especially when you are still starting, you’re gonna be emotional about things.” (Tweet This!)

Connect with Johnny