147: Turning “Weird” Properties Into Cash-Flowing Monsters with Johnny Youssef | Bigger Pockets Podcast

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!
In This Episode We Cover:

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

BiggerPockets Youtube

A Beginner’s Introduction to Real Estate Investing (Course)

The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki

The E-Myth Revisited by Michael Gerber

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

Johnny’s BiggerPockets Profile

Johnny’s Personal Blog

Johnny’s Instagram

Periscope: @johnnyyou

Learn more about your ad choices. Visit megaphone.fm/adchoices