BiggerPockets Real Estate Podcast - Revitalizing a Texas Downtown by Creating Equity & Cash Flow

Investors love cash flow. But, not all will love commercial investing, mixed-use buildings, flipping houses, BRRRRing, or even traditional buy-and-hold rentals. That being said, you can probably find one type of real estate class that you absolutely love. It may take you some time, but if you’re able to find a property type that sparks your creativity, all while providing positive cash flow, you’ll know you made it. That’s how Katie Neason felt after owning government-subsidized rentals. She dreaded the phone calls, the repairs, and the unresponsive tenants. Katie thought that upgrading her investing strategy to multifamily housing would solve the problems. Unfortunately, after buying some fourplexes, she realized that too wasn’t for her. After trial and error, Katie found her true real estate loves: flipping, developing, and mixed-use buildings. So, she went into all three and is doing phenomenal! Katie shares a special Deal Deep Dive where she walks through a degraded downtown building that is now the talk of the town due to her smart negotiating, creative redesigns, and ability to use her network to fund the deal! ~~~~ Join BiggerPockets for FREE: https://www.biggerpockets.com/signup ~~~~ Listen to Katie’s Coaching Call Episode with David: https://www.biggerpockets.com/blog/biggerpockets-podcast-511 ~~~~ Grab “The Intention Journal” ✍️ https://store.biggerpockets.com/products/the-intention-journal ~~~~ Read “Rich Dad Poor Dad”: https://www.biggerpockets.com/richdadpoordad ~~~~ Work with Jason Drees for Performance Coaching: https://www.jasondreescoaching.com/ ~~~~ Investing in Mixed Use Commercial Property: https://www.biggerpockets.com/blog/2008-10-02-investing-in-mixed-use-commercial-property ~~~~ Connect with Katie: Instagram: @renovationwranglers or https://www.instagram.com/renovationwranglers Facebook: @renovationwranglers or https://www.facebook.com/RenovationWranglers/ YouTube Channel: https://www.youtube.com/channel/UCpDbButjVPnxRWUyw6Obygg BiggerPockets: https://www.biggerpockets.com/users/neason ~~~~ Follow Brandon and David on Instagram: @beardybrandon or https://www.instagram.com/beardybrandon/ @davidgreene24 or https://www.instagram.com/davidgreene24/ Episode 538 Show notes at: https://www.biggerpockets.com/show538 0:00 Intro 4:34 A $17k Real Estate Education 9:12 Find What You Hate to Do What You Love 14:59 Pivoting HARD for "Hockey Stick Growth" 21:08 Fighting Fear and Buying Assets You Love 27:35 How to Buy a Commercial Property 33:53 Deal Deep Dive 51:43 Katie's Current Portfolio 56:06 Famous Four