148: From 0 to 51 Units Despite Living in a Crazy Expensive Location with Nazz Wang

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! In This Episode We Cover:Who is Nazz and how she’s been investing for 10 years nowHow she got started through house hackingHow she acquired the mindset of a landlord back in collegeNazz’s first property — and her first big mistakeHow neglecting the cash flow analysis ended up costing herThe issues surrounding owning condo unitsHow to discover and thrive in your nicheHow many units she currently hasThe problem with HOAsHow she bought in the Midwest to maximize cash flowA discussion about property appreciation (are there any indicators?)Speculation vs. buying things you can afford to keepHow Nazz educated herself in real estateHer experience investing as a womanHow she finds, finances, and manages properties outside of her areaHow to establish a pipeline to make investing easierThe benefits of the BRRRR strategyHow to manage property managersAnd SO much more!Links from the ShowTurning “Weird” Properties Into Cash-Flowing Monsters with Johnny YoussefBRRRR StrategyInvesting in Rental Properties When Your Local Area is Too Expensive With Mehran KamariBuilding a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone7 Ways to Find Incredible Real Estate Deals with Chad CarsonBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiDune by Frank HerbertTweetable Topics:“I would never pay money to lose money.” (Tweet This!)Connect with NazzNazz’ BiggerPockets Profile

Episode 148 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "148: From 0 to 51 Units Despite Living in a Crazy Expensive Location with Nazz Wang" was published on November 12, 2015 and runs 58 minutes.

November 12, 2015 ·58m · BiggerPockets Real Estate Podcast

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Summary

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

Episode Description

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