How to “Trade Up” to Your Dream Home (Level-Up Strategy) | Bigger Pockets Video
Episode #1089
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Can you afford your “dream house” right now? The one with the pool and the ocean views, space for the kids to run around, and a huge pantry. The secret nobody will tell you: you CAN afford your dream house right now—or at least you can afford the investment that will get you there. Just ask James Dainard, who took a $175,000 hoarder condo and turned it into what would eventually become his $8,500,000 dream house. You can do the same using his level-up strategy.
James only started with $9,000, which turned into multiple millions over the next fifteen years. He would buy a house, fix it, and trade it up for a better one, repeating this strategy five times until he reached the goal: a 9,000-square-foot luxury home in one of the priciest markets in America, Scottsdale, Arizona.
He made millions of dollars completely tax-free because of this live-in flip strategy that ANYONE can use to massively multiply their wealth and take them to their dream home. And maybe you don’t want an $8,500,000 mansion—that’s fine! It only took James three house flips to get into “dream home territory,” and you can do the same!
00:00 Intro
03:57 Best Investment? YOUR House!
07:41 House 1 ($175K Condo)
12:05 Pay NO Taxes on Profit!
14:06 House 2 ($235K)
19:09 House 3 ($890K)
22:04 House 4 ($1.7M)
26:22 Making $1.2M on ONE House!?
28:10 House 5 ($8.5M Dream House!)
31:44 Tips for 1st Live-in Flip
