Live-in Flips, Frugality, and Finance with Mindy Jensen

In This Article

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

We 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:

• 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

• BiggerPockets Keyword Alerts
• #AskBP Podcast
• BiggerPockets Blogs
• BiggerPockets Forums
• BP Podcast with Jeff Brown
• How to “Hack” Your Housing and Get Paid to Live for Free
• FSBOMadison
• Zillow
• Trulia
• BRRRR Strategy
• 3 Real Life Examples That Prove the HIGH Cost of Ignorance in Real Estate
• Want to Make $1,000 or More Per Hour?
• BiggerPockets Forums: New Member Introduction

Books Mentioned in this Show

• The Book on Flipping Houses by J. Scott
• The Book on Investing with No Money Down by Brandon Turner
• The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
• The Warren Buffett Way by Robert G. Hagstrom
• The Richest Man in Babylon by George S. Clason

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

• Mindy’s BiggerPockets Profile

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