249: House Hacking, Live-In Flips, and Investing Purposefully with Josh Daniels | Bigger Pockets Podcast
Why do you want to invest in real estate? Is it just about having a lot of units—or is it about creating a life you can be proud of? On today’s episode of The BiggerPockets Podcast, we sit down with Josh Daniels, a real estate investor in Montana who, along with his wife Summer, has chosen to buy fewer but better deals on a quest for financial freedom.
You’ll hear about Josh’s highly creative actions that turned their first deal into a cash-cow, as well as the shift to (and reason for) investing in single family houses. You’ll love Josh’s attitude toward financial freedom, as well as his message that you don’t need hundreds of units to be free.
In This Episode We Cover:
How Josh got started investing right out of college
The story behind his killer first rental
Rental rates for this property
How they earned $80k on their next deal
What exactly a live-in flip is
How they manage their properties
A discussion on tenant drama in multi- vs. single-family properties
Josh’s “why” in his investing
How to handle emotional attachment to deals
Tips on financing deals through the BRRRR method
His thoughts on Dave Ramsey’s advice for paying off loans
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Bookstore
500k Net worth in 5 years (I’m 30 today!!!) (Forum Post)
Dave Ramsey
From Shop Teacher to Multifamily Syndicator with Todd Dexheimer
Books Mentioned in this Show
The Millionaire Mind by Thomas J. Stanley
The Millionaire Next Door by Thomas J. Stanley
Brandon’s Book on Rental Property Investing
The Total Money Makeover by Dave Ramsey
Fire Round Questions
New member – Looking for advice on getting started
How many chances do you give a tenant who pays late?
This house has no takers
Tweetable Topics
“Ignore everything on the MLS. Drive every street and check out dilapidated properties.” (Tweet This!)
“Life is not a competition.” (Tweet This!)
Connect with Josh
Josh’s BiggerPockets Profile
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