Welcome back to the Real Estate Investing School Podcast! In today's episode, Brody is joined by Parker Vassau to discuss Parker's second real estate deal, a competitive duplex buy in Pleasant Grove, Utah. Learn how Parker secured the deal with a heartfelt letter, minimized initial costs with smart renovations, and turned a basement dungeon into a cash-flowing asset.
Parker and Brody dive into the financial aspects of the deal, revealing how he used a 5% down conventional owner-occupied loan to minimize upfront costs. He discusses the renovations he undertook, including adding a bedroom by simply installing a wall, which significantly increased the property's rental value. Parker's experience highlights the power of smart, cost-effective improvements and the long-term benefits of real estate investment. His story is a testament to the value of patience, strategic thinking, and the willingness to make short-term sacrifices for long-term gains.
Whether you're new to the game or a seasoned investor, our podcast offers real-world examples of how to create and sustain success in real estate investing.
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