Welcome to the Real Estate Investing School Podcast! In today's Real Deal episode, host Brody Fausett interviews Real Estate Investing School student Jen Dutson. Brody and Jen Dutson discuss the details of a real estate deal involving a property in Las Vegas. Jen shares her experience of purchasing the property from her brother-in-law, initially intending to rent it out to a single family but eventually deciding to rent it by the room to maximize cash flow. She details how the property, originally a three-bedroom house, was transformed into a five-bedroom rental with an investment of approximately $35,000 in renovations. This creative approach allowed her to achieve a substantial monthly cash flow, despite initial challenges with contractors and unexpected costs.
The conversation also highlights the importance of being adaptable and open to unconventional strategies in real estate investing. Jen emphasizes the value of looking for properties with potential for additional bedrooms or rental spaces, even if they require some creativity to bring to fruition. She also discusses the importance of sharing her journey on social media, which has helped her connect with potential investors and find new opportunities.
Throughout the episode, Brody and Jen explore the dynamics of managing a property rented by the room, including handling potential conflicts between tenants and ensuring that the property remains a viable investment. Jen shares her insights on balancing involvement as a property manager, drawing from her experience as a mother to manage tenant relationships effectively. Want to learn how to turn an average property into a cash flow machine? Book a free real estate strategy call with one of our coaches. Book a free real estate investing strategy call! No experience necessary.) Check out the Real Estate Investing School Youtube) Real Estate Investing School Instagram) Brody’s Instagram)