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Finding a good real estate deal isn't about looking for perfect properties; it's about looking for massive problems that other people are too tired, scared, or inexperienced to solve.
In this episode, I break down exactly how my partners and I acquired a 108-unit apartment complex in Houma, Louisiana for $3.5 million from a distressed seller. The property was decent, but it had a fatal flaw: skyrocketing non-recourse insurance premiums post-Hurricane Ida that were completely wiping out the cash flow.
I take you behind the scenes of the value-add strategy—including how we literally moved the flood plain line to cut our insurance premiums by more than half, replaced electrical panels to secure better debt, and executed a full BRRRR (Buy, Rehab, Rent, Refinance, Repeat) on a commercial scale.
If you want to make real money in commercial real estate, stop looking for turnkey assets and start looking for problems to solve.
Thanks for listening!
By Jennings Smith5
8080 ratings
Finding a good real estate deal isn't about looking for perfect properties; it's about looking for massive problems that other people are too tired, scared, or inexperienced to solve.
In this episode, I break down exactly how my partners and I acquired a 108-unit apartment complex in Houma, Louisiana for $3.5 million from a distressed seller. The property was decent, but it had a fatal flaw: skyrocketing non-recourse insurance premiums post-Hurricane Ida that were completely wiping out the cash flow.
I take you behind the scenes of the value-add strategy—including how we literally moved the flood plain line to cut our insurance premiums by more than half, replaced electrical panels to secure better debt, and executed a full BRRRR (Buy, Rehab, Rent, Refinance, Repeat) on a commercial scale.
If you want to make real money in commercial real estate, stop looking for turnkey assets and start looking for problems to solve.
Thanks for listening!

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