312: Conquering Nightmare Rehabs While Working Full-Time with BRRRR Investor James Masotti

Excited about real estate investing and looking for a blueprint to follow? Well, you’re in luck!

Today’s guest James Masotti is a well-rounded investor who’s piling up properties while working a full-time job.

James shares how he consistently finds deals in a competitive market (it’s not through the MLS), how he funds these deals (it’s not with his money), and how he handles the common complications every investor faces.

He also gives some great advice for acquiring properties already occupied by tenants, and explains how he keeps his partner and lenders happy even when things don’t go according to plan. He offers tips on planning for CapEx and dealing with the dark side of real estate investing, too. 

Plus, you won’t want to miss his advice when it comes to building funnels to find deals, as well as just what to look for when interviewing real estate agents.

James has a straightforward, no-nonsense approaching to succeeding in today’s market and provides tons of good content for how you can do the same! Download this episode today!

In This Episode We Cover:

Jame’s entrance into real estate investing while having a professional career

Cash reserves and how he plans for CapEx

How he finds and funds deals

Dealing with tenant evictions

Finding the lender you need

What a debt cover ratio is

Why he continuously builds funnels

How to handle when things go wrong

Analyzing and overcoming the dark side of real estate investing!

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Webinar

Be a Guest on the Podcast

Biggerpockets Investor Deal Diaries

BiggerPockets Meetup and Events

BiggerPockets Marketplace

BiggerPockets Podcast 308: From 0 to 400 Units in 3.5 Years with Sterling White

BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke

BiggerPockets Podcast 304: Using Incredible Strength of Mindset to Succeed Despite Overwhelming Obstacles With Nick Santonastasso

The Blitzkrieg Rent Collection Plan for Landlords (Blog)

What is CapEx in Multifamily Real Estate Investing (Blog)

Biggerpockets Bookstore

Books Mentioned in this Show

The Book on Managing Rental Properties by Heather and Brandon Turner

I Will Teach You To Be Rich by Ramit Sethi

The Book on Estimating Rehab Costs by J. Scott

The Richest Man in Babylon by George S. Clason

Rich Dad Poor Dad by Robert Kiyosaki

E-Myth by Michael E. Gerber

Lifeonaire by Steve Cook

Fire Round Questions

How to create a deal in partnership?

Late rent problems, let me know your strategy!

What are the most important rules of thumb you use when analyzing properties?

Tweetable Topics:

“Real estate is very forgiving.” (Tweet This!)

“When you’re looking to scale, you want to have reserves available.” (Tweet This!)

“Don’t chase something that you’re not comfortable with because that’s when you get in trouble.” (Tweet This!)

Connect with James

Jame’s BiggerPockets Profile

Jame’s LinkedIn Profile

Jame’s Twitter Profile

Jame’s Facebook Profile

Jame’s Instagram

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