Dead “zombie” houses are everywhere — just waiting for you to bring them back to life if you are willing to take the risk! That’s the story we dive deep into today on the BiggerPockets Podcast when we sit down with reality TV star Justin Stamper, a real estate investor from the Orlando, FL market who has a fascinating and inspiring story of rising up from near financial ruin to become one of the most prolific investors in his market. You’ll learn how his “punk rock” attitude has given him a unique perspective on his investing and how he has been able to flip over 100 “zombie” homes (and wholesale over 200 other deals!) in the past several years. After listening to this show, you’ll be inspired, motivated, and educated enough to tackle your next zombie house!

In This Episode We Cover:

What is “zombie” house flipping and how does Justin do it?
The merits of buying really gross dilapidated properties
How Justin got into real estate
Why he starting by buying at auction
What motivated him to start in real estate despite having lost a house
How the recession affected families, especially in Orlando
How Justin renovates one to two houses a week via the courthouse
How to use a hedge fund to get a line of credit
A unique strategy to help people regain their houses
How to grow by helping people
Details on buying via auctions
Things to take note of before buying an auctioned property
How many renovations has he done
What it is like buying a “suicide house“
The properties that he doesn’t renovate
How he’s finding deals in his market
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Flipping Houses by J. Scott
The Book on Investing with Low or No Money Down by Brandon Turner

Tweetable Topics:

Connect with Justin

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201: Flipping 100+ "Zombie" Houses with Justin Stamper 01:18:49

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201: Flipping 100+ "Zombie" Houses with Justin Stamper