BUILD, Don’t Buy: The Rookie-Friendly Investing Strategy with 6-Figure Upside

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 19 March 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

A single-family home could give you some extra cash flow, but what if there was a way to make six-figure returns from “rentals” that breathe new life into your town? Today, we’ll share a rookie-friendly investing strategy that allows you to do just that, all while using very little (if any) of your own money! Welcome back to the Real Estate Rookie podcast! Katie Neason is a big believer in “investing where you’re invested” and has built a real estate business that allows her to make huge returns while revitalizing her hometown of Bryan, Texas. Unlike normal real estate development, which involves new construction on raw land, redevelopment is the process of taking an area that was previously built on and giving it a new purpose. The best part about redevelopment? Your city might actually want you to do it—meaning you could get all kinds of grants and tax breaks to bring your vision to life! In this episode, Katie will give you a detailed walkthrough of her most recent deal, show you the perfect “gateway” redevelopment project for a new investor (step by step), and teach you how to get started with this strategy using other people’s money (OPM)! In This Episode We Cover: Redevelopment explained (and why it’s even better than new development) Making huge returns and revitalizing neighborhoods with the new BRRRR strategy The perfect “gateway” project into redevelopment for new investors How to fund a redevelopment project with little to no money A step-by-step walkthrough of Katie’s most recent redevelopment deal How to determine whether your town or city is “developer-friendly” And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Ask Your Question for a Future Rookie Reply “Like” Real Estate Rookie on Facebook Build-to-Sell Calculator Katie’s Instagram Start Earning Passive Income from Rental Properties with Realbricks Grab the Book, “Raising Private Capital” Sign Up for the Real Estate Rookie Newsletter Find Investor-Friendly Lenders Urban Redevelopment & How to Capitalize on a Profitable Trend Katie's BiggerPockets Profile (00:00) Intro (00:59) What Is “Redevelopment”? (04:57) The “Gateway” Into Redevelopment (07:06) Next Steps for Rookies (16:13) How to Fund Your Project (21:41) Katie’s Most Recent Deal (30:55) 4 Tips for New Investors (34:32) Connect with Katie! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-537 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Have you ever wondered how investors turn neglected areas into thriving communities and make really great returns doing it?
0:09.0	Today, you'll learn exactly how that's done using a little known real estate investing strategy that any rookie can start using.
0:17.0	Our expert guest today has built a massively profitable business using this strategy, and
0:21.6	she'll walk you through the exact steps you need to take as a rookie to follow in her
0:25.0	footsteps.
0:30.6	This is the Real Estate Rookie Podcast, and I'm Ashley Care.
0:34.7	And I'm Tony J. Robinson, and give me a very, very warm welcome to none other than Katie Neeson.
0:39.7	Katie, thank you for joining us on the podcast today.
0:41.9	Dude, I'm stoked to be here with two famous people.
0:45.1	You know, we were just saying, like, you know, we're so boring.
0:48.3	We need some excitement.
0:49.8	We want someone with big personality to really bring some excitement to the show.
0:54.1	And you couldn't find anybody, so you invited me. want someone with big personality to really bring some excitement to the show.
0:56.8	And you couldn't find anybody, so you invited me.
1:01.1	Well, Katie, let's start out with the basic.
1:04.0	What exactly is redevelopment?
1:07.5	And how is it different from regular development?
1:09.0	Great question.
1:12.6	Redevelopment just means we're building things and places where stuff was built before. So we're going to breathe life into underutilized buildings or even
1:19.0	vacant lots. So redevelopment doesn't have to do with whether it's a renovation or ground-up
1:23.7	construction. It can be either one. What identifies it as redevelopment is were there
1:29.2	existing infrastructures, like utilities, roads, and streets versus development, which is like
	...

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