498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1) 01:17:34

    <p>When most people think about <a href="https://www.biggerpockets.com/blog/section-8-tenants-pros"><strong>section 8 housing</strong></a>, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for <a href="https://joeasamoah.com/"><strong>Dr. Joe Asamoah</strong></a>, this is far from reality.</p><p>Joe has built his real estate portfolio by<strong> renovating homes to an incredibly high standard, </strong>situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with <strong>5 bedrooms and up</strong>, so he started <a href="https://www.biggerpockets.com/blog/how-to-renovate-house">renovating</a> to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score <strong>tenants who will respect his homes as their own</strong>, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!</p><p>You’ll see a <strong>deep dive of Joe’s latest property</strong> in today’s episode, complete with <strong>pictures, videos, and other helpful visuals</strong>. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the <a href="https://www.youtube.com/user/BiggerPockets">BiggerPockets Youtube channel</a>!</p><p><strong>In This Episode We Cover:</strong></p><p>What the “<strong>Big City </strong><a href="https://www.biggerpockets.com/blog/brrrr-numeric-breakdown-buy-rehab-rent-refinance-repeat"><strong>BRRRR</strong></a>” strategy entails</p><p>How to control tenant turnover so you have <a href="https://www.biggerpockets.com/blog/decrease-tenant-turnover"><strong>ZERO vacancy </strong></a></p><p>Using <strong>section 8 </strong>to take in higher rents</p><p>How to create a top tier product that<strong> attracts </strong><a href="https://www.biggerpockets.com/blog/good-tenant-traits"><strong>top tier tenants</strong></a><strong> </strong></p><p>Becoming<strong> the best landlord a tenant could ask for</strong></p><p>Adding bedrooms, bathrooms, and getting <strong>permits </strong>for everything in between</p><p>And So Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/investment-calculators">BiggerPockets Calculators</a></p><p><a href="https://www.biggerpockets.com/membership-types">BiggerPockets Pro Membership</a></p><p><a href="https://www.biggerpockets.com/youtube">BiggerPockets Youtube Channel</a></p><p><a href="https://www.biggerpockets.com/bookstore">BiggerPockets Bookstore</a></p><p><a href="https://www.instagram.com/beardybrandon">Brandon's Instagram</a></p><p><a href="https://www.instagram.com/davidgreene24/">David’s Instagram</a></p><p><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-356-joe-asamoah">BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah</a></p><p><a href="https://www.biggerpockets.com/blog/rookie-podcast-03coronavirus-crashdos-donts-recession-veterans-joe-asamoah-steve-rozenberg">Rookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg</a></p><p><a href="https://www.youtube.com/watch?v=ImdsgH3kKfQ">BiggerPockets Youtube: Big City BRRRR Strategy &amp; Recession Proof Cash Flow Real Estate with Joseph Asamoah!</a></p><p>Check the full show notes here: https://www.biggerpockets.com/show498</p>
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