cover of episode 129: Live-in Flips, Frugality, and Finance with Mindy Jensen

129: Live-in Flips, Frugality, and Finance with Mindy Jensen

Publish Date: 2015/7/2
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BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>On this episode of the <a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a>, we’re going to talk about a unique strategy that combines the power of house flipping with the benefits of home ownership. You’ll meet Mindy Jensen and discover how she uses the “live-in flip” strategy to build wealth through real estate. You’ll also learn how a live-in flipper can save significant money on taxes as well as a discussion on the benefits of doing your own work. Don’t miss this enlightening, and hilarious, episode!</p><p>In This Episode We Cover:</p><ul>
  • Who Mindy Jensen is
  • Her thoughts on personal finance
  • Frugality, as defined by Mindy
  • A debate on Starbucks (as well as Priuses) and frugality
  • Where she spends her money
  • How Mindy got started in real estate
  • Details on her deals
  • 7% as a steal?
  • The ins and outs of performing a live and flip
  • Getting a real estate license as a means to invest
  • What you should know about For Sale By Owner (FSBO) properties
  • How she advertises her houses
  • The pros and cons of live and flips
  • Why women can and should fix houses
  • The importance of home inspections
  • And SO much more!
  • Links from the Show

    Books Mentioned in this Show

    Tweetable Topics:

    • “Frugality is save money where you can, so you can spend it where you want to or where you need to.” (Tweet This!)
    • “I didn’t get my license to sell houses. I got it so that I could invest and have access to MLS.” (Tweet This!)
    • “Nobody likes your house more than you.” (Tweet This!)

    Connect with Mindy

    Learn more about your ad choices. Visit megaphone.fm/adchoices