BiggerPockets Real Estate Podcast

$1 Rental Properties and "Infinite" Returns with a 100% On-Market Strategy

Mar 2, 2026
Joe Meehan, a former college coach turned real estate investor who built an 11‑unit portfolio with house‑hacking, parcel tricks, HELOCs, and BRRRR moves. He explains how he scored a $1 lot, used extra land to fund down payments, pulled off “infinite BRRRR” refinances, and leveraged sequential house hacks to go full‑time investing.
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ANECDOTE

Buy Two Parcels And Keep The Paid Off Rental

  • Joe bought a single-family home and its detached mother-in-law suite on two separate tax parcels, paying $360,000 for one and $1 for the other.
  • He fixed and rented the mother-in-law suite, left it paid off, then sold the main house after using it as a live-in flip.
ADVICE

Buy Properties With Extra Lots To Finance Down Payments

  • Look for on-market properties that include extra lots or separate parcels and structure financing so the lot is kept free and clear.
  • Joe used a HELOC, bought a fourplex with an extra buildable lot, then sold the lot to repay the HELOC.
ADVICE

Tell Agents To Search For Listings With Additional Parcels

  • Tell your agent to search for listings with additional parcels or lots and ask builders if they'd buy adjacent lots to cover your down payment.
  • Dave used this tactic himself to sell a lot at closing and cover his down payment.
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