“Our strategy is all about buying an established property in a blue chip location, then you be the developer, knock the old house down and then build new. Don't sell them, keep them, but you're the developer, you've got the developer's margin and you control the risk.”
Jack Henderson · Mo Money · #524 Is Rentvesting Dead? w. Jack Henderson
Play from 23:51
23:51
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
buy an old house in a blue-chip suburb, demolish it, rebuild new units, keep them as rentals to capture developer margin
Said nearby on the same subject
“There’s so many strategies that people don’t even know about that they can do where you can literally pay off a rental portfolio in seven years by doing the old snowball effect, the good old Dave Ramsey snowball.”
“They showed me software where you could check out what suburb or what area is good, which types of units are good, and what sort of time of the year is good.”
“I don't mind investing in like the worst part of the city because that's where I get the cheapest deals… buy for $5,000, $10,000, $15,000, put money into them and rent them out for a solid rental income”