Sometimes to find success, you have to think outside the box! That’s why today on the BiggerPockets Podcast we’re excited to bring you an interview with Johnny Youssef, a young investor who has found clever ways to turn properties that no one else wants into cash flowing monsters. You’ll be inspired and motivated after hearing Johnny’s story, as well as his philosophy of using “financial freedom” to help others. Don’t miss a second of this powerful show!
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This Show Sponsored By
We just wanted to give a shout out to our podcast sponsor on today’s show: Residential Investor One. Residential Investor One is a powerful cooperative of residential real estate investors dedicated to enhancing the efficiency and productivity of their members.
Learn more by calling 855-257-2201 or visiting residentialinvestorone.com/biggerpockets
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In This Episode We Cover:
Thoughts on this year's epic battle: the Mets vs. the Royals
Who Johnny is and how he started investing during college
How he got his real estate license early to get the commissions
How he managed 7 properties from a young age
The importance of understanding and helping your market
Thoughts on how to fund a property
Insight into the question: To have a real estate license or not?
How to start out in real estate with no money
Why the first property he bought was a duplex
How to use the same money to keep your business growing
A look at Johnny's current portfolio
Big mistakes people make in hiring employees
The level of finish you should aim for when flipping properties
How to tenant-proof your properties
What is he currently looking at right now
The importance of thinking outside of box when investing
Johnny's thoughts on flips vs. rental properties
How to manage vacancies
Tips for new investors
And SO much more!
Links from the Show
BiggerPockets Youtube
A Beginner’s Introduction to Real Estate Investing (Course)
The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
The E-Myth Revisited by Michael Gerber
Tweetable Topics:
"Look for something that has equity in it. Make money out of it and start investing in other things.” (Tweet This!)
"When you’re buying, especially when you are still starting, you’re gonna be emotional about things." (Tweet This!)
Connect with Johnny
Johnny's BiggerPockets Profile
Johnny's Personal Blog
Johnny's Instagram
Periscope: @johnnyyou