cover of episode 160: From 0 to 50 Flips in 5 Years (While Still Working a Job!) with Stefanie Marshall

160: From 0 to 50 Flips in 5 Years (While Still Working a Job!) with Stefanie Marshall

Publish Date: 2016/2/4
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>Today on the <a href="http://biggerpockets.com/podcast">BiggerPockets Podcast</a>, we sit down and chat with Stefanie Marshall, an investor from Northern California who has flipped more than 50 properties in the last five years, all while working a job as an accountant! In this powerful (and hilarious) interview, Stefanie shares how she jumped into the flipping game, how she managed to purchase a property in California for just $30,000, the sad story of losing $100,000 on a single flip, and how she bounced back to create an impressive flipping empire! Don’t miss a second of this fun, informative (and often sarcastic) episode!</p><p>In This Episode We Cover:</p><ul>
  • What Stefanie does in real estate
  • How she got started
  • How she completed 60 deals in a span of five years
  • Tips for investing while having a day job
  • How she started without knowing much and ended up being saved by a contractor
  • Thoughts on finding a good partner
  • Some of Stephanie’s deals that went wrong
  • Where is the line when doing a price reduction
  • What to do when something goes wrong in the middle of a flip
  • Why you anticipate “I don’t know what’s going wrong” expenses
  • Where she currently invests and what the market is like
  • The minimum profit she tries to shoot for
  • How a flat fee listing works
  • The importance of being represented well in a deal
  • How she finds deal through auctions
  • What cash for keys is
  • How to research properties before going to an auction
  • How she finds deals today
  • The female perspective on investing
  • Thoughts on having a team and building systems
  • And SO much more!
  • Links from the Show

    Books Mentioned in this Show

    Tweetable Topics:

    • “Everything does not have to be always bigger and better.” (Tweet This!)
    • “Your first loss will be your smallest loss.” (Tweet This!)

    Connect with Stefanie

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