Welcome to the Real Estate Investing School Podcast! In this Real Deal episode, Brody chats with Gene Murashko, a general contractor and real estate investor, who shares an inspiring journey of moving to Maui for an opportunity with Brandon Turner.
Gene details the creative strategies he used to acquire and renovate a foreclosure property in Oregon. Through three different auctions, financing hurdles, and support from a "rich uncle," Gene was able to not only turn the property into a profitable investment but also make it a dream home for his family.
Gene explains how he found the property, navigated challenges like Oregon's unique foreclosure laws, and utilized innovative financing to add an accessory dwelling unit (ADU) that ultimately turned the property cash-flow positive. Brody and Gene explore the power of the BRRRR strategy and how leveraging personal connections and local incentives led to a significant profit and passive income. By adding an ADU and renting it to travel nurses, Gene was able to reduce his living expenses and create a strong cash flow.
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