367: Quitting Retail to Flip, BRRRR, and Design with Kara Beckmann | Bigger Pockets Podcast
7X-ing her income by leaving a so-so job to flip houses!
Today’s guest is Kara Beckmann, a rehabber and rental property investor who’s tearing it up in Scottsdale, Ariz., and on her Instagram page @beckmannhouse.
You'll be inspired by Kara's journey from pastry chef to retail worker to full-time investor funding deals with private and hard money. Kara shares some great tips for networking with wholesalers and builders to snag deals (to date, she's spent $0 on marketing).
You'll also learn how she maximizes profit by sticking to her rehab budgets, how she keeps contractors on deadline, and how she manages risk by outlining several different exit strategies.
Kara's story will motivate you to apply your own "unique ability" to your real estate business and overcome the fear that might be stopping you from doing your first or next deal!
Enjoy this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.
In This Episode We Cover:
How Kara learned saving habits at age 14
How she started thinking like an entrepreneur while working in retail
How she was motivated by not getting a raise in 5 years
Buying her first deal for $50K below asking price
Reinvesting profits from her first flip
Her apprenticeship with a general contractor
How she develops a scope of work and deadline
Why she doesn’t spend any money on marketing
Her networking tips
The challenges of investing without W-2 income
How she prepares several exit strategies for each deal
Where she gets inspiration for her designs
How she sticks to her budgets (the “price per square foot” method)
Incentivizing her contractors to complete work on time
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Money Podcast
BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)
BiggerPockets Conference
Zillow
Realtor.com
TikTok
Email: [email protected]
Check the full show notes here: link
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