Today we’re excited to bring you an interview with a savvy investor who’s done over 500 deals -- Cameron Skinner. Cameron got his start with new construction spec builds in the late 1990s and due to the changing economy created an interesting twist that we know you guys are going to just love. This episode is packed with incredible, actionable advice that will leave you shouting, “I’m totally going to do that strategy!”
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In This Episode We Cover:
How Cameron got started by partnering with someone
Why he started with new construction
Can anyone build to rent?
How to calculate capex and why it's important
What exactly cost segregation is
How to get tax benefits now
How many deals Cameron has done so far
His experience during the crash
What you should know about how lease options work
When to seek professional advice regarding the laws in your area
How to know your market
Downsides of the build-rent strategy
Tricks for finding the best contractor
How he completed so many deals without picking up a hammer
How to keep an "investor mindset" to find the best deals
The importance of finding out your skill set
Why Cameron has no employees
The cost of tearing down a property
And SO much more!
Links from the Show
BiggerPockets Analysis
BiggerPockets Calculators
BiggerPockets Forums
Keyword Alerts
BiggerPockets Meet
Tax, Legal Issues, Contracts, Self-Directed IRA Forum Category
Books Mentioned in this Show
The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland
Brandon Turner's The Book on Investing in Real Estate with No (and Low) Money Down
The Richest Man in Babylon by George S. Clason
Thou Shall Prosper by Rabbi Daniel Lapin
Tweetable Topics:
"I’m not worried about 20 years from now because I might be dead -- so I want to take the tax benefits now." (Tweet This!)
Connect with Cameron
Cameron's BiggerPockets Profile
View the full article: BP Podcast 168: Building Hundreds of Homes to Sell or Rent with Cameron Skinner on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc.