Your first deal might just be your most important — because it leads to all the rest. That’s why it’s so imperative to study others who have just recently purchased their first deal! So today we’re excited to bring you a mashup episode, in which we sit down with three different investors to hear how they bought their first few investment properties. You’ll hear how Bill went from ex-con to house hacker, how Jacob used some highly creative methods to find his first deals, and how David is building an empire from across the ocean. Don’t miss a moment of this powerful episode!
In This Episode We Cover:
Bill
Being imprisoned for 10 yearsWhat changed in prison for BillStarting your business on the sideHow he ended up investing in real estateWhat went in his head with his first investment propertyThe beauty of keeping expenses lowHaving tiny little stepsJake’s investing pathHow he got into real estateBuying a $25,000 house with a $140 monthly mortgageGoing for the smaller banksInvesting at a very young ageJoining local Facebook pagesHis criteria for finding propertiesDavid’s story and how he got to HawaiiBRRR, OD, and HELOC
Paying close to 5 percent on a 10-unit apartmentHaving a great team you can trustHow he built a meet up in HawaiiAnd SO much more!BiggerPockets ForumsBiggerPockets WebinarsBiggerPockets Podcast 277: Building a Six-Figure Family Real Estate Business with Ashley WilsonBiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodBiggerPockets EventsDad PoweredBrandon’s Instagram ProfileDavid’s Instagram ProfileBooks Mentioned in this Show
The 21 Irrefutable Laws of Leadership by John C. Maxwell & Steven R. Covey
Awaken the Giant Within by Anthony Robbins
Rich Dad Poor Dad by Robert Kiyosaki
Long-Distance Real Estate Investing by David Greene
The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
The Advanced Guide to Real Estate Investing by Ken McElroy
How to Win Friends & Influence People by Dale Carnegie
The Miracle Morning by Hal Elrod
The 80/20 Principle by Richard Koch
“My success story didn’t started when I got out (from prison), it started right away in the very beginning.” (Tweet This!)“Quit the things that are holding you back and have you put in the exact location you are.” (Tweet This!)“Find a market that makes sense.” (Tweet This!)“I want to buy something that is certainly desirable.” (Tweet This!)“Highest risk is vacancy.” (Tweet This!)“Become a person worth being around.” (Tweet This!)“If they’ll like you, they’ll join.” (Tweet This!)Connect with Bill
Connect with Jacob
Jacob’s PodcastJacob’s WebsiteDavid’s BlogDavid’s Instagram ProfileDavid’s Facebook PageDavid’s Youtube Channel
Learn more about your ad choices. Visit megaphone.fm/adchoices