Apr 1, 2019
Lee Strauss and I had an opportunity to discuss what it's like to flip properties and invest in real estate while simultaneously being a fire fighter. Interesting combination! Here's what we discuss:
How his father influenced him - he owned a Mr Transmission and had a large portfolio of properties
Instilled a strong work ethic in him
Lee tagged along with his father as child when he dropped off small gifts to tenants
Lee bought his first rental property at 21 while he lived with his parents
Has 2 larger scale flips in progress today
Finding good contractors and avoiding costly mistakes
Treating and paying good contractors well
Making multiple firm offers to capture a great deal
Not being too selective with homes, taking action instead
Using income from flips to fund buy and hold properties
Targeting mid-century homes for the lots, the trees and the character
The top value-adds in a flip
What to do if a flip goes sideways
Being a firefighter while flipping
The benefits of owning a tangible asset
Lee is a realtor with Rock Star Real Estate Inc. you can reach him at 905-361-9098 or by checking out his website: http://www.straussinvestments.com