BP 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

We 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

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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

About Author

Thanks for checking out the BiggerPockets Real Estate Investing & Wealth Building Podcast. Hosts Joshua Dorkin & Brandon Turner strive to bring top-notch educational content and interviews to our listeners -- without the non-stop pitch prevalent around the industry. With over 80,000 listeners per show, the BiggerPockets Podcast has become the biggest real estate podcast in the world. But don’t take our word for it. We’re the top-rated and reviewed real estate show on iTunes — check it out, read the reviews on iTunes, and get busy listening and learning!

23 Comments

  1. Jack Knochel

    GREAT show! Thanks Johnny. I love the thinking outside the box, most folks tell you to only do ABC and don’t go outside the boundaries. Its great hearing how folks who step out do see the rewards and prove that ABC is not the only way to be successful. The mind is going now, appreciate the food for thought! THANKS

    • Johnny Youssef

      Great to hear Jack! I find that my most profitable properties are the ones that didn’t fit anyone else’s box. They are the diamonds in the rough and if you are willing to get creative, you can find a way to offer something others don’t!

    • Johnny Youssef

      Denny, my recommendation is to give it a try one ONE town rental for a semester. If it works out well, then implement it on the rest. Don’t jump the guns because things can work in one place and not the other depending on the market, the type of contracts and house rules your implement, etc….

  2. Mark Graffagnino

    Really enjoyed the podcast and the thinking outside the box mentality. One thing I want to point out though, is that it’s going to cost a lot more to replace a ceiling fan with recessed can lights. in a typical bedroom or living room with a ceiling fan with a light kit (or a surface mounted light in the center of the room) it will take at least 4 recessed cans- probably more- to get a consistent level of light throughout the room. That is a lot of wiring, and we’re talking about either working in an attic or cutting holes in the ceiling to get the wiring through the ceiling joists, which means cutting, patching and painting.

    Don’t mean to be a downer, because it was a great podcast and I’m not saying it isn’t a good idea to go with the cans, but it will cost a lot more than simply hanging a new ceiling fan.

  3. Sarah Ward

    This is one of the best practical podcasts I’ve listened to on here. It wasn’t just a testimonial but offered very practical information, such as the extras to put in the home, how to use properties in non-traditional ways, creating urgency, etc.. I really appreciated the more tactical advice and how to execute. Thank you!

  4. Don Harris

    @Johnny Youssef, enjoyed listening to this. So great to see a young person building his life and business on sound principals. It’s obvious that your faith has shaped the path of your feet! I trust that you find continued success, persevere!

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