The DealMachine Real Estate Investing Podcast

428: How To Cash In On Fire-Damaged Houses

Episode Summary

Doug Perez reveals how he built wealth by turning fire-damaged houses into long-term assets.

Episode Notes

Doug Perez went from being the contractor called to fix fire-damaged houses to the investor who owns them. In this in-person interview with David, Doug breaks down how he spots fire-damaged properties, approaches owners ready to move on, and structures deals that turn disasters into rentals generating steady cash flow. He also shares the lessons he’s learned scaling to multiple properties, the financing strategies that make it possible, and why fire-damaged homes remain one of the most overlooked opportunities in real estate.

 

KEY TALKING POINTS:

0:00 - Intro

0:56 - An Overview Of Doug Perez’s Business

2:21 - The Market He’s Investing In & The Restoration Side Of His Business

4:24 - What Made Him Hesitant To Get Into Real Estate

6:32 - Why He Decided To Join Springboard

8:52 - Getting Financing

12:39 - Investing In Short-Term Rentals

17:58 - How Do You Decide What Properties To Put On Airbnb?

20:16 - The Restoration Side Of His Business & Investing In ADUs

23:23 - What It’s Like Investing In Seattle & His Screening Requirements

27:09 - His Lowest Dollar Rental Right Now & Tenant Quality

32:07 - Where He Wants To Take His Business & Breaking Down ADUs

34:16 - How To Get In Touch With Doug And His Advice For Investors

36:02 - Why It’s Critical To Get Into ADUs Right Now

37:56 - DealMachine Requests & How He Finds Fire-Damaged Properties

40:24 - Outro

 

LINKS:

Instagram: Doug Perez

https://www.instagram.com/dougperez1/

 

Instagram: David Lecko

https://www.instagram.com/dlecko

 

Website: DealMachine

https://www.dealmachine.com/pod

 

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

 

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/