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:
BillBeing 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 stepsJacobJake’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 propertiesDavidDavid’s story and how he got to HawaiiBRRR, OD, and HELOCPaying 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!Links from the ShowBiggerPockets 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 ShowThe 21 Irrefutable Laws of Leadership by John C. Maxwell & Steven R. CoveyAwaken the Giant Within by Anthony RobbinsRich Dad Poor Dad by Robert KiyosakiLong-Distance Real Estate Investing by David GreeneThe Ultimate Beginner’s Guide to Real Estate Investing by BiggerPocketsThe Advanced Guide to Real Estate Investing by Ken McElroyHow to Win Friends & Influence People by Dale CarnegieThe Miracle Morning by Hal ElrodThe 80/20 Principle by Richard KochTweetable Topics:“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 BillBill’s BlogConnect with JacobJacob’s PodcastJacob’s WebsiteConnect with DavidDavid’s BlogDavid’s Instagram ProfileDavid’s Facebook PageDavid’s Youtube Channel