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 careerCash reserves and how he plans for CapExHow he finds and funds dealsDealing with tenant evictionsFinding the lender you needWhat a debt cover ratio isWhy he continuously builds funnelsHow to handle when things go wrongAnalyzing and overcoming the dark side of real estate investing!And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBe a Guest on the PodcastBiggerpockets Investor Deal DiariesBiggerPockets Meetup and EventsBiggerPockets MarketplaceBiggerPockets Podcast 308: From 0 to 400 Units in 3.5 Years with Sterling WhiteBiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie DukeBiggerPockets Podcast 304: Using Incredible Strength of Mindset to Succeed Despite Overwhelming Obstacles With Nick SantonastassoThe Blitzkrieg Rent Collection Plan for Landlords (Blog)What is CapEx in Multifamily Real Estate Investing (Blog)Biggerpockets BookstoreBooks Mentioned in this ShowThe Book on Managing Rental Properties by Heather and Brandon TurnerI Will Teach You To Be Rich by Ramit SethiThe Book on Estimating Rehab Costs by J. ScottThe Richest Man in Babylon by George S. ClasonRich Dad Poor Dad by Robert KiyosakiE-Myth by Michael E. GerberLifeonaire by Steve CookFire Round QuestionsHow 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 JamesJame’s BiggerPockets ProfileJame’s LinkedIn ProfileJame’s Twitter ProfileJame’s Facebook ProfileJame’s Instagram