258: Six-Figure House Flipping with Gabe DaSilva

Massive goals encourage massive action—and a massive plan to get there. That’s the truth behind today’s episode of The BiggerPockets Podcast, where we sit down with Gabe DaSilva, a New Jersey real estate investor who specializes in a unique niche of house flipping: “add-a-level” or “pop tops.” You’ll hear how Gabe shoots for a six-figure payday on each flip and how you can incorporate this strategy in your own business. Be ready to take some notes—this is an action-packed show! In This Episode We Cover: How Gabe got into the real estate business Tips for using your 401k as capital How he landed his first deal A discussion on doing things yourself How to finance your deals using hard money Gabe’s unique definition of hard money lenders The deals he’s made to this point Which properties are good candidates for rehabbing How to tell if it’s the right market to invest in What to check for in a good house foundation The “bathtubs story“ How to find deals through direct mail What his day looks like And SO much more! Links from the Show BiggerPockets Forums Rehab Estimator Calculator BiggerPockets Calculators BiggerPockets HardMoney Lenders International Builder’s Show Upgrade to Pro! Books Mentioned in this Show A Curious Mind by Brian Grazer The Book on Estimating Rehab Costs by J. Scott Set for Life by Scott Trench Rich Dad Poor Dad by Robert Kiyosaki The E-Myth by Michael E. Gerber Think and Grow Rich by Napoleon Hill Fire Round Questions Would you contribute to a 401(k) or not? What did you do wrong on your first flip? Flipping Houses Under One LLC Rehabbing a remediated meth house Tweetable Topics: “Sacrifice the life you have now so that you can live the life most can’t live later.” (Tweet This!) Connect with Gabe Gabe’s BiggerPockets Profile Gabe’s Facebook Profile Gabe’s Youtube Channel Gabe’s Instagram Profile Learn more about your ad choices. Visit megaphone.fm/adchoices