148: From 0 to 51 Units Despite Living in a Crazy Expensive Location with Nazz Wang | Bigger Pockets Podcast

How do you build up a sizable real estate portfolio when you live in one of the most expensive cities in America? That’s the topic we dive into today on the BiggerPockets Podcast with guest Nazz Wang. Nazz has gone from 0 to 51 units in the past several years, both local in California and across the country. You’ll learn how Nazz overcame a bad first investing experience to find her niche in “lazy real estate investing” and how you can do the same!
In This Episode We Cover:

Who is Nazz and how she’s been investing for 10 years now

How she got started through house hacking

How she acquired the mindset of a landlord back in college

Nazz’s first property — and her first big mistake

How neglecting the cash flow analysis ended up costing her

The issues surrounding owning condo units

How to discover and thrive in your niche

How many units she currently has

The problem with HOAs

How she bought in the Midwest to maximize cash flow

A discussion about property appreciation (are there any indicators?)

Speculation vs. buying things you can afford to keep

How Nazz educated herself in real estate

Her experience investing as a woman

How she finds, finances, and manages properties outside of her area

How to establish a pipeline to make investing easier

The benefits of the BRRRR strategy

How to manage property managers

And SO much more!

Links from the Show

Turning “Weird” Properties Into Cash-Flowing Monsters with Johnny Youssef

BRRRR Strategy

Investing in Rental Properties When Your Local Area is Too Expensive With Mehran Kamari

Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

7 Ways to Find Incredible Real Estate Deals with Chad Carson

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki

Dune by Frank Herbert

Tweetable Topics:
“I would never pay money to lose money.” (Tweet This!)
Connect with Nazz
Nazz’ BiggerPockets Profile

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