428: How To Cash In On Fire-Damaged Houses

Doug Perez went from being the contractor called to fix fire-damaged houses to the investor who owns them. In this in-person interview with David, Doug breaks down how he spots fire-damaged properties, approaches owners ready to move on, and structures deals that turn disasters into rentals generating steady cash flow. He also shares the lessons he’s learned scaling to multiple properties, the financing strategies that make it possible, and why fire-damaged homes remain one of the most overlooked opportunities in real estate. KEY TALKING POINTS: 0:00 - Intro 0:56 - An Overview Of Doug Perez’s Business 2:21 - The Market He’s Investing In & The Restoration Side Of His Business 4:24 - What Made Him Hesitant To Get Into Real Estate 6:32 - Why He Decided To Join Springboard 8:52 - Getting Financing 12:39 - Investing In Short-Term Rentals 17:58 - How Do You Decide What Properties To Put On Airbnb? 20:16 - The Restoration Side Of His Business & Investing In ADUs 23:23 - What It’s Like Investing In Seattle & His Screening Requirements 27:09 - His Lowest Dollar Rental Right Now & Tenant Quality 32:07 - Where He Wants To Take His Business & Breaking Down ADUs 34:16 - How To Get In Touch With Doug And His Advice For Investors 36:02 - Why It’s Critical To Get Into ADUs Right Now 37:56 - DealMachine Requests & How He Finds Fire-Damaged Properties 40:24 - Outro LINKS: Instagram: Doug Perez https://www.instagram.com/dougperez1/ Instagram: David Lecko https://www.instagram.com/dlecko Website: DealMachine https://www.dealmachine.com/pod Instagram: Ryan Haywood https://www.instagram.com/heritage_home_investments Website: Heritage Home Investments https://www.heritagehomeinvestments.com/