Episode #776 You’ve heard cash flow stories before, but NOTHING like this. We’ve talked to hundreds of investors that have flipped houses, bought apartment complexes, storage facilities, and more. But a high school? A high school rental property? Surely this has to be a first. If you want to know the pioneer behind this absolutely insane passive income project, look no further than Jesse Wig, who turned a dilapidated high school into a thirty-one-unit apartment building. But before Jesse went on a literal wild ride through this high school, he faced defeats that would stop most investors in their tracks. After making just ten dollars per hour working under a flipper, Jesse tried to do his first deal himself, but things didn’t go to plan. He walked away from his first real estate deal in debt with a massive loss but decided to try again. Jesse learned quickly from his mistakes and started buying rentals in an up-and-coming area right outside of Pittsburgh, Pennsylvania. Through a brilliant investing tactic that we’ve never heard of before, Jesse was able to catapult and control his rental properties’ values, skyrocketing his personal wealth while bringing up an entire neighborhood with him. Soon after that, he found his off-market high school and, through some savvy partnerships and serious work, turned it into a cash cow unlike anything we’ve ever seen on the show. Jesse is about to school us on the right way to do real estate! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/lendermatch ~~~~ How to Start Flipping Houses: https://www.biggerpockets.com/guides/how-to-flip-houses?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ EVERYTHING You Need to Get Your First Real Estate Deal Done in 2023: https://www.biggerpockets.com/blog/real-estate-754?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Urban Redevelopment & How to Capitalize on a Profitable Trend: https://www.biggerpockets.com/blog/urban-redevelopment-how-to-capitalize-on-insanely-profitable-trend?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Read Jesse’s Story on CNBC Make It: https://www.cnbc.com/2022/12/16/take-a-look-inside-abandoned-high-school-apartment-building.html ~~~~ Connect with Jesse: Instagram: @jessewig or https://www.instagram.com/jessewig/ TikTok: @jessewig or https://www.tiktok.com/@jessewig ~~~~ Connect with Rob (Robuilt): BiggerPockets: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto Twitter: https://www.twitter.com/robuiltchannel YouTube: https://www.youtube.com/c/Robuilt ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ Show notes at: https://www.biggerpockets.com/blog/real-estate-776?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 02:17 Quick Tip 03:07 One Property, $42K/Month!? 06:41 A BAD First Flip 13:34 Creating His Own Home Prices 31:59 Buying a $100,000 High School 35:32 Deal Deep Dive 44:50 Connect with Jesse!