17: Flora-Bama and Utilizing Networking To Grow Your Portfolio Exponentially with Jay Helms
Jay Helms joins us this week to tell us about his journey from a false start in 2008 to owning a large portfolio that includes a 42 unit property in Mobile, Alabama. We talk through how to locate up-and-coming neighborhoods, how and why to use a 1031 exchange to scale your portfolio and also how to spot a good deal from a bad previous landlord. Jay is a wealth of knowledge about finding and operating rental properties in many different markets.
We also walk through how he was able to secure his latest purchase, a 42 unit apartment complex, by partnering and getting creative with how to finance the purchase and a $200,000 rehab budget.
Recommended Book: The Millionaire Booklet
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