160: From 0 to 50 Flips in 5 Years (While Still Working a Job!) with Stefanie Marshall | Bigger Pockets Podcast
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 estate
How she got started
How she completed 60 deals in a span of five years
Tips for investing while having a day job
How she started without knowing much and ended up being saved by a contractor
Thoughts on finding a good partner
Some of Stephanie’s deals that went wrong
Where is the line when doing a price reduction
What to do when something goes wrong in the middle of a flip
Why you anticipate “I don’t know what’s going wrong” expenses
Where she currently invests and what the market is like
The minimum profit she tries to shoot for
How a flat fee listing works
The importance of being represented well in a deal
How she finds deal through auctions
What cash for keys is
How to research properties before going to an auction
How she finds deals today
The female perspective on investing
Thoughts on having a team and building systems
And SO much more!
Links from the Show
Auction.com
BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
You know you’re a Female Investor when… [Forum thread]
BiggerPockets Forums
BP Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
BiggerPockets Press
Books Mentioned in this Show
The Book on Investing with No and Low Money Down by Brandon Turner
The Book on Rental Property Investing by Brandon Turner
The Book on Flipping Houses by J. Scott
FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani
Rich Dad Poor Dad by Robert Kiyosaki
The E-Myth Revisited by Michael Gerber
The 10X Rule by Grant Cardone
Tweetable 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 Stefanie
Stefanie’s BiggerPockets Profile
Stefanie’s Company Website
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