DiscoverBiggerPockets Real Estate Podcast898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack
898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack

898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack

Update: 2024-02-21
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What if you could make six figures on your first real estate deal? “Yeah, right! Where am I going to find a property like that?” you say. What if we told you that instead of finding a home-run rental property, you could build a better one? Now, not only do you have some instant equity once the house is built, but you also deal with none of the expensive capital expenditures, regular repairs, and common headaches that come with owning an older home. And you can do this even in the most expensive of markets.

When Lacey Russell was looking for an investor-friendly agent, she turned to BiggerPockets Agent Finder, where she found her rockstar real estate agent, Sam Haack. Together, they realized that building a new construction rental worked FAR better than buying one, so Sam scoped the market for investor-friendly builders, and now, they’re off to the races. They’ll go through the full numbers of this real estate deal, from land costs to loans, equity forecasts, cash flow, and more!

Want to find an agent just like Sam? Hop on the BiggerPockets Agent Finder, answer a few questions, and get matched with investor-friendly agents in your area! 

In This Episode We Cover:

How to find profitable real estate deals when your market is VERY expensive or has no inventory

When building rentals beats buying them and how much instant equity you can make

How to find an investor-friendly agent no matter your real estate market

The type of lender to look for that’ll get you a lower mortgage rate 

Finding a builder in your area that’ll work with your investor-first numbers

What you MUST tell your real estate agent in the beginning to find success together

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

BiggerPockets Merch

Join BiggerPockets for FREE

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Be a Guest on the BiggerPockets Podcast

Grab Dave’s New Book, “Real Estate by the Numbers”

Hear Henry on The “On the Market” Podcast

Henry's BiggerPockets Profile

Henry's Instagram

BiggerPockets' Instagram

Try the Rental Property Calculator on Your Next Real Estate Deal

Books Mentioned in the Show

Buy, Rehab, Rent, Refinance, Repeat by David Greene

Rich Dad Poor Dad by Robert Kiyosaki

Wealth without Cash by Pace Morby

Connect with Lacey

Lacey's LinkedIn

Connect with Sam

Sam's BiggerPockets Profile

Sam's Instagram


Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-898

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

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898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack

898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack

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