How do you find investment properties nobody else is looking for—the ones with cash flow potential, equity upside, and wealth-building qualities all the other investors overlook? Simple: buy what nobody else wants. For Lisa Field Moore, that’s old homes. Most rookie investors walk into an old house, notice the foundation problems, warped floors, and outdated electricals, and quickly see themselves out. But Lisa sees money to be made—and you should too.In this episode, Lisa shares how she’s built a sizable real estate portfolio by buying old, overlooked, and outdated homes, all in the past four years! But these are treacherous waters, and getting a major rehab item wrong could cost you a deal. To help, Lisa breaks down what isn’t (and definitely is) a red flag when looking at old homes, how she lost serious money making one easy mistake, and how to avoid doing a bad deal ever again. Plus, she shares her tips for rock-solid tenant retention that’ll keep your rental properties filled for years (or even decades!).Want to know how to find these older homes with wealth-building potential? Stick around because DealMachine gives us a bonus segment on the five ways to find a motivated seller in ANY market! In This Episode We Cover:Why you cannot overlook rehabbing older homes and outdated properties The two things that tell Lisa an older home ISN’T worth investing in Why termites, foundation problems, and outdated electrical systems aren’t as bad as you thinkThe huge mistake Lisa made that ruined a $100K+ rehab project and how to avoid the same fateTenant retention 101 and best ways to ensure your vacancy rate is low and your cash flow is high DealMachine’s five ways to find motivated sellers in any market And So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchJoin BiggerPockets for FREELearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaExpand Your Investing Knowledge With the BiggerPockets BooksBe a Guest on the BiggerPockets PodcastAsk David Your Real Estate Investing QuestionDave’s BiggerPockets ProfileDave’s InstagramHenry’s BiggerPockets ProfileHenry’s InstagramBiggerPockets' Instagram8 Things to Look for When Rehabbing Older HomesPros and Cons of Old vs. New RentalsConnect with Lisa:Lisa's BiggerPockets ProfileLisa's FacebookLisa's InstagramLisa's LinkedInLisa's Website

Intro

Investing in OLD Houses

Signs of a Solid Property

$100K Rehab Gone WRONG

How to Avoid Bad Deals

When to Hold and When to Sell

Tenant Retention 101