Today on the BiggerPockets Podcast, we sit down and chat with Stefanie Marshall, an investor from Northern California who has flipped more than 50 properties in the last five years, all while working a job as an accountant! In this powerful (and hilarious) interview, Stefanie shares how she jumped into the flipping game, how she managed to purchase a property in California for just $30,000, the sad story of losing $100,000 on a single flip, and how she bounced back to create an impressive flipping empire! Don’t miss a second of this fun, informative (and often sarcastic) episode!
In This Episode We Cover:What Stefanie does in real estateHow she got startedHow she completed 60 deals in a span of five yearsTips for investing while having a day jobHow she started without knowing much and ended up being saved by a contractorThoughts on finding a good partnerSome of Stephanie’s deals that went wrongWhere is the line when doing a price reductionWhat to do when something goes wrong in the middle of a flipWhy you anticipate “I don’t know what’s going wrong” expensesWhere she currently invests and what the market is likeThe minimum profit she tries to shoot forHow a flat fee listing worksThe importance of being represented well in a dealHow she finds deal through auctionsWhat cash for keys isHow to research properties before going to an auctionHow she finds deals todayThe female perspective on investingThoughts on having a team and building systemsAnd SO much more!Links from the ShowAuction.comBP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodYou know you’re a Female Investor when… [Forum thread]BiggerPockets ForumsBP Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael GerberBiggerPockets PressBooks Mentioned in this ShowThe Book on Investing with No and Low Money Down by Brandon TurnerThe Book on Rental Property Investing by Brandon TurnerThe Book on Flipping Houses by J. ScottFLIP: How to Find, Fix, and Sell Houses for Profit by Rick VillaniRich Dad Poor Dad by Robert KiyosakiThe E-Myth Revisited by Michael GerberThe 10X Rule by Grant CardoneTweetable Topics:“Everything does not have to be always bigger and better.” (Tweet This!)“Your first loss will be your smallest loss.” (Tweet This!)Connect with StefanieStefanie’s BiggerPockets ProfileStefanie’s Company Website