Episode #447
Episode Show Notes: https://link.chtbl.com/Rookie
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Making a $300,000 profit from ONE rental?! Imagine how quickly you could reach financial freedom by raking in this amount of profit and reinvesting it into your real estate portfolio. There’s an investing strategy that allows you to take home six figures from a single sale, and today’s guests are going to share it with you!
Welcome back to the “Real Estate Rookie” podcast! Christian and Shannon Nossum have been house hacking since college. Once they realized that renting rooms to their friends was a surefire way to maximize their cash flow and live for FREE, they worked hard to buy more homes and convert them into student housing. But how do they fund these large investment properties and renovation projects? They build detached accessory dwelling units (DADUs) and pocket an enormous profit whenever they flip one of these units. The best part? They don’t even need to sell their entire property!
As more and more states allow DADU construction, it’s time for investors to take advantage of this huge opportunity in 2024. Tune in to learn the ins and outs of this lucrative strategy and the best ways to redeploy your profits. Along the way, you’ll learn how to pin down your niche, find more real estate deals, and multiply your cash flow by renting by the room!
00:00 Intro
00:49 Living for FREE in College
05:24 Student Housing 101
12:13 Building the DADU
19:09 Making a $300K Profit?!
27:11 Adding Value & Finding Deals
30:38 How to Find Your Niche
35:20 Connect with the Nossums!
