One investment property could change your life, especially if you buy the right one. Logan Koch, an investor in Pittsburgh, Pennsylvania, was buying investment properties for one specific goal: To retire his parents. With a $45,000/year cash flow target in mind, Logan and his parents went to work, finding small multifamily rental properties to buy, fix, and increase rents on. But one day, Logan stumbled across a commercial real estate deal that nobody wanted, one with huge signs of opportunity.
In today’s show, Logan lays down step-by-step exactly what he did to find this unwanted and unnoticed commercial real estate investment, how he was able to DOUBLE the cash flow on it, the massive return on investment he’s walking away with, and even how he got the city to lower his property taxes by two-thirds! The best part? None of what Logan did requires expert-level investing knowledge. Anyone, even a complete real estate investing beginner, can follow Logan’s same thought process to find and buy undervalued real estate deals.
Do you want to start building some retirement (or early retirement) cash flow for yourself or your parents? These are the exact types of deals you should be on the lookout for! Stick around as we discuss Logan’s almost unbelievable return on this cheap investment property everyone else was overlooking!
In This Episode We Cover
Telltale signs that a property’s expenses are WAY too high (and how to lower them significantly)
Setting a cash flow retirement goal that’ll allow you to retire (or retire early) on your timeline
How Logan cut his property tax bill on this investment by over sixty percent!
Seller financing and how to get creative when buying commercial real estate
BRRRR-ing a big property and how Logan bought $15,000/year cash flow for just $20,000!
And So Much More!
(00:00) Intro
(01:58) Investing to Retire His Parents
(05:50) Small Multifamily, Big Cash Flow
(11:42) Finding the Opportunity
(19:01) Cutting Property Taxes by 66%
(22:22) A 75% Return!?
(29:19) The Rental Retirement Plan
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-964
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964: Retiring His Parents by Buying Unwanted, Overlooked Real Estate Deals w/Logan Koch | BiggerPockets Real Estate Podcast - Listen or read transcript on Metacast
