How do you build up a sizable real estate portfolio when you live in one of the most expensive cities in America? That’s the topic we dive into today on the BiggerPockets Podcast with guest Nazz Wang. Nazz has gone from 0 to 51 units in the past several years, both local in California and across the country. You’ll learn how Nazz overcame a bad first investing experience to find her niche in “lazy real estate investing” and how you can do the same!
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This Show Sponsored By
We just wanted to give a shout out to our podcast sponsor on today’s show: B2R Finance
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Fire Round Sponsor
A huge thanks as well to our Fire Round sponsor FreshBooks.
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In This Episode We Cover:
Who is Nazz and how she’s been investing for 10 years now
How she got started through house hacking
How she acquired the mindset of a landlord back in college
Nazz's first property -- and her first big mistake
How neglecting the cash flow analysis ended up costing her
The issues surrounding owning condo units
How to discover and thrive in your niche
How many units she currently has
The problem with HOAs
How she bought in the Midwest to maximize cash flow
A discussion about property appreciation (are there any indicators?)
Speculation vs. buying things you can afford to keep
How Nazz educated herself in real estate
Her experience investing as a woman
How she finds, finances, and manages properties outside of her area
How to establish a pipeline to make investing easier
The benefits of the BRRRR strategy
How to manage property managers
And SO much more!
Links from the Show
Turning “Weird” Properties Into Cash-Flowing Monsters with Johnny Youssef
BRRRR Strategy
Investing in Rental Properties When Your Local Area is Too Expensive With Mehran Kamari
Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
7 Ways to Find Incredible Real Estate Deals with Chad Carson
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
Dune by Frank Herbert
Tweetable Topics:
"I would never pay money to lose money.” (Tweet This!)
Connect with Nazz
Nazz' BiggerPockets Profile
View the full article: BP Podcast 148: From 0 to 51 Units Despite Living in a Crazy Expensive Location with Nazz Wang on on