201: Flipping 100+ "Zombie" Houses with Justin Stamper | Bigger Pockets Podcast

Dead “zombie” houses are everywhere — just waiting for you to bring them back to life if you are willing to take the risk! That’s the story we dive deep into today on the BiggerPockets Podcast when we sit down with reality TV star Justin Stamper, a real estate investor from the Orlando, FL market who has a fascinating and inspiring story of rising up from near financial ruin to become one of the most prolific investors in his market. You’ll learn how his “punk rock” attitude has given him a unique perspective on his investing and how he has been able to flip over 100 “zombie” homes (and wholesale over 200 other deals!) in the past several years. After listening to this show, you’ll be inspired, motivated, and educated enough to tackle your next zombie house!
In This Episode We Cover:

What is “zombie” house flipping and how does Justin do it?

The merits of buying really gross dilapidated properties

How Justin got into real estate

Why he starting by buying at auction

What motivated him to start in real estate despite having lost a house

How the recession affected families, especially in Orlando

How Justin renovates one to two houses a week via the courthouse

How to use a hedge fund to get a line of credit

A unique strategy to help people regain their houses

How to grow by helping people

Details on buying via auctions

Things to take note of before buying an auctioned property

How many renovations has he done

What it is like buying a “suicide house“

The properties that he doesn’t renovate

How he’s finding deals in his market

And SO much more!

Links from the Show

BiggerPockets’ Youtube Channel (don”t forget to subscribe!)

BiggerPockets Videos

Ken Corsini’s Show ‘Flipping the South’

Ken Corsini’s BP Profile

BP Podcast 089: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora

Books Mentioned in this Show

The Book on Flipping Houses by J. Scott

The Book on Investing with Low or No Money Down by Brandon Turner

Tweetable Topics:

“Now it’s time to fight the good fight.” (Tweet This!)

“If you want the deals, you got to hustle.” (Tweet This!)

“America rewards the persistent.” (Tweet This!)

Connect with Justin

Justin’s BiggerPockets Profile

Zombie House Flipping

Highest and Best Clothing

Justin’s Company Profile

Justin’s Personal Website

Justin’s Twitter Handle

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