148: From 0 to 51 Units Despite Living in a Crazy Expensive Location with Nazz Wang
How do you build up a sizable real estate portfolio when you live in one of the most expensive cities in America? That’s the topic we dive into today on the BiggerPockets Podcast with guest Nazz Wang. Nazz has gone from 0 to 51 units in the past several years, both local in California and across the country. You’ll learn how Nazz overcame a bad first investing experience to find her niche in “lazy real estate investing” and how you can do the same!
In This Episode We Cover:
- Who is Nazz and how she’s been investing for 10 years now
- How she got started through house hacking
- How she acquired the mindset of a landlord back in college
- Nazz’s first property — and her first big mistake
- How neglecting the cash flow analysis ended up costing her
- The issues surrounding owning condo units
- How to discover and thrive in your niche
- How many units she currently has
- The problem with HOAs
- How she bought in the Midwest to maximize cash flow
- A discussion about property appreciation (are there any indicators?)
- Speculation vs. buying things you can afford to keep
- How Nazz educated herself in real estate
- Her experience investing as a woman
- How she finds, finances, and manages properties outside of her area
- How to establish a pipeline to make investing easier
- The benefits of the BRRRR strategy
- How to manage property managers
- And SO much more!
Links from the Show
- Turning “Weird” Properties Into Cash-Flowing Monsters with Johnny Youssef
- BRRRR Strategy
- Investing in Rental Properties When Your Local Area is Too Expensive With Mehran Kamari
- Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- 7 Ways to Find Incredible Real Estate Deals with Chad Carson
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Dune by Frank Herbert
Tweetable Topics:
- “I would never pay money to lose money.” (Tweet This!)
Connect with Nazz
Learn more about your ad choices. Visit megaphone.fm/adchoices
Available Results
Generated results are saved to your library for reuse and search.
Choose Template
Pick the result you want. You can review provider and model before generating.
A concise first-pass summary for understanding the episode quickly.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Explicit actions, next steps, habits, recommendations, and things to avoid.
Repeatable methods, frameworks, mental models, processes, and systems.
A dedicated inventory of concrete resources named in the episode.
A concise first-pass summary for understanding the episode quickly.
A detailed readable summary organized by chapter or topic.
A navigable map of subjects, topic flow, and suggested chapters.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
Reusable atomic knowledge units extracted from the episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Explicit actions, next steps, habits, recommendations, and things to avoid.
A dedicated inventory of concrete resources named in the episode.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.
A concise first-pass summary for understanding the episode quickly.
A detailed readable summary organized by chapter or topic.
A navigable map of subjects, topic flow, and suggested chapters.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
Reusable atomic knowledge units extracted from the episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Scientific findings, mechanisms, studies, hypotheses, and the limits of the evidence discussed.
Technologies, AI models, technical methods, capabilities, limitations, and adoption implications.
Investment theses, assets, catalysts, valuation reasoning, time horizons, and risks.
Chronologies, actors, causes, consequences, turning points, and competing historical interpretations.
Policies, proposals, stakeholders, arguments, implementation constraints, and predicted effects.
Career paths, skills, hiring signals, workplace decisions, transitions, and limitations of the advice.
Behavioral mechanisms, biases, motivation, habits, emotions, interventions, and evidence limitations.
Economic mechanisms, incentives, indicators, market structure, forecasts, and uncertainty.
Leadership principles, team systems, organizational design, culture, feedback, and failure modes.
Audience, positioning, messaging, acquisition, retention, experiments, metrics, and failed approaches.
Teaching methods, learning strategies, practice, feedback, assessment, and effectiveness evidence.
Theses, premises, arguments, objections, values, thought experiments, and unresolved questions.
Communication patterns, conflict, boundaries, expectations, repair methods, and contextual limitations.
Books, papers, authors, courses, and other learning resources mentioned in the episode.
Repeatable methods, frameworks, mental models, processes, and systems.
Explicit actions, next steps, habits, recommendations, and things to avoid.
Memorable statements and important claims with attribution and source context.
A dedicated inventory of concrete resources named in the episode.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.