Feeling scared to do your first or next real estate deal? Even if everything goes wrong, you may still be in a better position than Ayesha and Kevan Shelton were just a few years ago. After quitting their jobs to become full-time real estate investors, Ayesha and Kevan found themselves staring at a $300,000 loss. Their credit was ruined, their life savings drained, and most of their partners walked away, never to return. Ayesha and Kevan did the right thing, paying back every investor who funded their failed house flips, but it came at a cost.
With a baby on the way, Ayesha and Kevan were debating bankruptcy to get some relief from the massive financial pressure they were under. But some wise investors told them they had it in them to rebuild their wealth—and that’s precisely what they did. In today’s incredible investor story, you’ll hear about how this power couple pivoted to turn their business around and began investing in new build construction projects.
Now, five years later, they’ve built sixty homes, developed their own communities, and created true wealth out of nothing. The best part? These new construction homes are affordable housing, helping solve the inventory crisis we’re currently facing and giving those that truly need it safe, affordable, quality homes to live in. And if Ayesha and Kevan can do it starting from negative, you can too, even if you’re starting from zero!
In This Episode We Cover:
How Ayesha and Kevan turned a $300K loss into a massively successful business
Why you always (ALWAYS!) pay back the investors you’ve borrowed from
Affordable housing 101 and how to get discounted land deals for your next new construction project
How to find the “path of progress” of where homes will appreciate in your area
Scaling your business with new construction homes instead of flipping houses
Private money, hard money, and other creative financing methods to use when banks WON’T fund your deals
And So Much More!
Links from the Show
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Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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Hear Dave and Henry On the “On the Market” Podcast
4 Vital Points to Consider BEFORE Getting Into New Construction
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Connect with Kevan & Ayesha
Kevan's BiggerPockets Profile
Ayesha's Facebook
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Ayesha's LinkedIn
Kevan's LinkedIn
Park Street Homes
Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-923
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923: From No Savings to Building 60 Houses in 5 Years! w/Ayesha and Kevan Shelton | BiggerPockets Real Estate Podcast - Listen or read transcript on Metacast
