Link to the Show: 005 – Jump Starting Your Early FI Plans by Live-in Flipping with Mindy Jensen.
I started listening to the Bigger Pockets Money Podcast towards the beginning of 2020. I listened to this episode on Sunday June 21, 2020. Happy Father’s Day to me.
The focus of creating this article is to track my thoughts and reviews of each episode. My memory sucks so having a place on this blog to keep my notes was perfect.
Highlights
I like to listen to the full episode and then write what sticks out for me. There is always a lot of useful information and discussion that occurs during the show, but the following bullet points are what sticks out for me.
- If you live in the property for 2 years or longer you can avoid the capital gains. If the property is your primary residence.
- Home path live in offers are a requirement before investors offers are considered.
- Has done 8 live in flips and avoided capital gains using this strategy.
Famous 4
Question: What is your favorite finance book:
Answer: The Richest Man in Babylon
Question: What is the biggest mistake money/finance?
Answer: Not starting early enough.
Question: What is your best piece of advise just starting out?
Answer: You’re going to make mistakes. Start today, spend less, save more, track your spending, use Mint.com, spreadsheet.
Question: What is your favorite joke to tell at parties?
Answer: Ask me if I’m an orange. NO!
Review
Mindy is one of the Bigger Pocket’s cast host. Great listening to her story and learning about the host. She is also invested with Brandon Turner in a mobile home park in Maine. Wrote a book, How to sell your home.