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!
In This Episode We Cover:Who Mindy Jensen isHer thoughts on personal financeFrugality, as defined by MindyA debate on Starbucks (as well as Priuses) and frugalityWhere she spends her moneyHow Mindy got started in real estateDetails on her deals7% as a steal?The ins and outs of performing a live and flipGetting a real estate license as a means to investWhat you should know about For Sale By Owner (FSBO) propertiesHow she advertises her housesThe pros and cons of live and flipsWhy women can and should fix housesThe importance of home inspectionsAnd SO much more!Links from the ShowBiggerPockets Keyword Alerts#AskBP PodcastBiggerPockets BlogsBiggerPockets ForumsBP Podcast with Jeff BrownHow to “Hack” Your Housing and Get Paid to Live for FreeFSBOMadisonZillowTruliaBRRRR Strategy3 Real Life Examples That Prove the HIGH Cost of Ignorance in Real EstateWant to Make $1,000 or More Per Hour?BiggerPockets Forums: New Member IntroductionBooks Mentioned in this ShowThe Book on Flipping Houses by J. ScottThe Book on Investing with No Money Down by Brandon TurnerThe Snowball: Warren Buffett and the Business of Life by Alice SchroederThe Warren Buffett Way by Robert G. HagstromThe Richest Man in Babylon by George S. ClasonTweetable 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 MindyMindy’s BiggerPockets Profile