498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)

<p>When most people think about <a href="https://www.biggerpockets.com/blog/section-8-tenants-pros" rel="noopener noreferrer" target="_blank"><strong>section 8 housing</strong></a>, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for <a href="https://joeasamoah.com/" rel="noopener noreferrer" target="_blank"><strong>Dr. Joe Asamoah</strong></a>, this is far from reality.</p><p>Joe has built his real estate portfolio by<strong> renovating homes to an incredibly high standard, </strong>situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with <strong>5 bedrooms and up</strong>, so he started <a href="https://www.biggerpockets.com/blog/how-to-renovate-house" rel="noopener noreferrer" target="_blank">renovating</a> to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score <strong>tenants who will respect his homes as their own</strong>, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!</p><p>You’ll see a <strong>deep dive of Joe’s latest property</strong> in today’s episode, complete with <strong>pictures, videos, and other helpful visuals</strong>. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the <a href="https://www.youtube.com/user/BiggerPockets" rel="noopener noreferrer" target="_blank">BiggerPockets Youtube channel</a>!</p><p><strong>In This Episode We Cover:</strong></p><p>What the “<strong>Big City </strong><a href="https://www.biggerpockets.com/blog/brrrr-numeric-breakdown-buy-rehab-rent-refinance-repeat" rel="noopener noreferrer" target="_blank"><strong>BRRRR</strong></a>” strategy entails</p><p>How to control tenant turnover so you have <a href="https://www.biggerpockets.com/blog/decrease-tenant-turnove