Multifamily Real Estate Investing - My Triplex Burnt Down (Now it Cash Flows More!) | Welby Accely

What happens when you get a call saying your triplex is on fire? All the work, money, and time you spent on the deal is slowly turning into embers and ash. If you’re like Welby Accely, you jump in your car and drive over, only to be greeted by members of your team telling you that everything will be okay. Luckily for Welby, they weren’t lying. This “fire house” has turned into a massively profitable rental property, even after it was partially burnt down. Welby shows BiggerPockets the cash flow both pre and post-house fire, and what he and his team decided to do that turned this face-value loss into a long-term win. If you’ve been stuck in a situation where a deal seems hopeless, remember that some quick (and creative) thinking can completely change your game plan for the better. Has seeing the “ugly” side of real estate investing helped you on your rental property journey? Want to see more videos on flipping the script in a bad situation? Let us know in the comments below! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup ~~~~ Follow Welby at https://www.atmybest197.com/ or Welby: @atmybest197 https://www.instagram.com/atmybest197/ ~~~~ Find Welby's Team at Fabian: @no_narratives or https://www.instagram.com/no_narratives/ Angel: @guilinconstructionllc or https://www.instagram.com/guilinconstructionllc/ ~~~~ Listen to Welby’s Episode on The BiggerPockets Podcast: https://www.biggerpockets.com/blog/biggerpockets-podcast-464-welby-accely ~~~~ My Investment Property Burned Down—What Now?! https://www.biggerpockets.com/blog/my-investment-property-burned-down-what-now ~~~~ Follow BiggerPockets on Instagram: @biggerpockets or https://www.instagram.com/biggerpockets/ 00:00 The Fire House 01:07 The Good, The Bad, and The Ugly of Landlording 01:53 Acquiring the Property 03:23 That Cash Flow is On Fire! 04:47 Taking Care of His Tenants 05:57 Meet Welby's Rockstar Team 09:13 Tearing Down & Rebuilding 10:40 More Units, More Cash Flow