201: Flipping 100+ "Zombie" Houses with Justin Stamper

Dead “zombie” houses are everywhere — just waiting for you to bring them back to life if you are willing to take the risk! That’s the story we dive deep into today on the BiggerPockets Podcast when we sit down with reality TV star Justin Stamper, a real estate investor from the Orlando, FL market who has a fascinating and inspiring story of rising up from near financial ruin to become one of the most prolific investors in his market. You’ll learn how his “punk rock” attitude has given him a unique perspective on his investing and how he has been able to flip over 100 “zombie” homes (and wholesale over 200 other deals!) in the past several years. After listening to this show, you’ll be inspired, motivated, and educated enough to tackle your next zombie house! In This Episode We Cover:What is “zombie” house flipping and how does Justin do it?The merits of buying really gross dilapidated propertiesHow Justin got into real estateWhy he starting by buying at auctionWhat motivated him to start in real estate despite having lost a houseHow the recession affected families, especially in OrlandoHow Justin renovates one to two houses a week via the courthouseHow to use a hedge fund to get a line of creditA unique strategy to help people regain their housesHow to grow by helping peopleDetails on buying via auctionsThings to take note of before buying an auctioned propertyHow many renovations has he doneWhat it is like buying a “suicide house“The properties that he doesn’t renovateHow he’s finding deals in his marketAnd SO much more!Links from the ShowBiggerPockets’ Youtube Channel (don”t forget to subscribe!)BiggerPockets VideosKen Corsini’s Show ‘Flipping the South’Ken Corsini’s BP ProfileBP Podcast 089: From High School Dropout to 300+ Real Estate Deals with Engelo RumoraBooks Mentioned in this ShowThe Book on Flipping Houses by J. ScottThe Book on Investing with Low or No Money Down by Brandon TurnerTweetable Topics:“Now it’s time to fight the good fight.” (Tweet This!)“If you want the deals, you got to hustle.” (Tweet This!)“America rewards the persistent.” (Tweet This!)Connect with JustinJustin’s BiggerPockets ProfileZombie House FlippingHighest and Best ClothingJustin’s Company ProfileJustin’s Personal WebsiteJustin’s Twitter Handle