There’s one type of investment property most people would NEVER consider that could make you a millionaire. They’re not regular rental properties or huge apartment complexes—in fact, they’re so cheap that most investors could probably buy them outright in cash. What’s this “overlooked” investment property that could make you millions? Stick around, we’ll tell you.
Four years ago, Jason Velie worked at a W2 job without any investment property or passive income. Now, he’s a multimillionaire, making $10,000/month in pure cash flow, NEVER having to wake up to an alarm clock again. After a first deal gone wrong, where Jason spent two years working on a house just to break even, he was introduced to a new type of investment property—one nobody talks about.
With the massive profits from these cash cow deals, Jason was then able to use just $15,000 to buy a property that is now worth $1,000,000. And this was ALL during one of the hottest real estate markets ever. The best part? You can do EXACTLY what Jason did to become a millionaire, too, so stick around to hear his FULL strategy!
David:
This is the BiggerPockets podcast show 851. What’s going on everyone? This is David Greene, your host of the BiggerPockets Real Estate Podcast, the number one real estate podcast in the world. Each week we bring you the knowledge, how-tos, and the market insights that you need to make the best possible financial decisions you can in order to improve your financial position and build the life that you’ve always wanted. In today’s show, Rob and I are interviewing Jason Velie who built a portfolio that now pulls in six figures a year. By investing in an often overlooked asset class, Jason was able to leave his W-2 job this year after replacing his income from real estate, the holy grail, the goal of every single real estate investor, and we are going to share exactly how he did it and how hopefully you can too. I’m joined today with my co-host, Rob Abasolo. Rob,…