Prepare to be inspired and motivated after listening to today’s episode of the BiggerPockets Podcast! In this program we sit down with Ophelia Nicholson, a house flipper from the Maryland area who got started with real estate while working a minimum wage job. You’ll learn how she broke out of that life and was able to quit her job to become a full time, successful house flipper, working on multiple properties at once!
Listen for insightful tips on applying for a loan, learning to be a landlord, partnering with family members and quitting your job for real estate. If you’re wondering whether it’s possible to make your investing dreams come true, don’t miss out on this episode — it’ll give you great insight into how you CAN make it happen!
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In This Show We Cover:
- How Ophelia got started investing
- The story of her “first small house“
- How to buy a house on a minimum wage salary
- Tips on applying for a loan
- The experience of becoming an accidental landlord
- What to do if you’re sued by your renter
- Lessons about starting out as a landlord
- Ophelia’s on and off relationship with real estate
- The pros and cons of partnering with family
- How to put 15 properties under contract in 30 days
- Quitting your job for real estate
- Thoughts on women getting into real estate investing
- Plus MUCH more!
Links From the Show:
- BiggerPockets’ Trivia (email)
- BP Podcast Show 104
- BiggerPocket’s Real Estate Analysis Software
- BiggerPockets’ List of Hard Money Lenders
- BiggerPocket’s Flipping Book
Books Mentioned in the Show
- The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone
- The Trick to Money Is Having Some by Stuart Wilde