851: Turning $15K into $4K/Month by Investing in This Overlooked Asset Class w/Jason Velie
851: Turning $15K into $4K/Month by Investing in This Overlooked Asset Class w/Jason Velie  
Podcast: BiggerPockets Real Estate Podcast
Published On: Fri Dec 01 2023
Description: There’s one type of investment property most people would NEVER consider that could make you a millionaire. They’re not regular rental properties or huge apartment complexes—in fact, they’re so cheap that most investors could probably buy them outright in cash. What’s this “overlooked” investment property that could make you millions? Stick around, we’ll tell you. Four years ago, Jason Velie worked at a W2 job without any investment property or passive income. Now, he’s a multimillionaire, making $10,000/month in pure cash flow, NEVER having to wake up to an alarm clock again. After a first deal gone wrong, where Jason spent two years working on a house just to break even, he was introduced to a new type of investment property—one nobody talks about. With the massive profits from these cash cow deals, Jason was then able to use just $15,000 to buy a property that is now worth $1,000,000. And this was ALL during one of the hottest real estate markets ever. The best part? You can do EXACTLY what Jason did to become a millionaire, too, so stick around to hear his FULL strategy! In This Episode We Cover: The “overlooked” asset class that could make you six figures with ONE deal Why you should NEVER pay a contractor without seeing the completed work Calculating your “worst-case scenario” before you buy ANY property Investing in mobile and manufactured homes and cheap real estate with huge upside The one real estate investing tool Jason used to explode his portfolio  How Jason turned $15,000 into $4,000 per month in pure cash flow! And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Interview with Affordable Housing Expert Kristina Smallhorn Should You Add Manufactured Homes To Your Portfolio? 4 Key Lessons Learned From Investing in Mobile Homes Connect with Jason: Jason's BiggerPockets Profile Jason's LinkedIn   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-851 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices