554: 81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis 01:07:19

    <p><strong>Profitable on-market properties</strong> are all around you, you just need to take the time to look. Oh, we hear what you’re saying, “<strong>all those on-market properties are bad deals!</strong>” While not all properties sitting on <a href="https://www.biggerpockets.com/blog/glossary/multiple-listing-service-mls">the MLS</a> are home runs, today’s guest <a href="https://www.instagram.com/codyd2020/"><strong>Cody Davis</strong></a> can confirm there are multiple cash flowing needles in the public housing market haystack.</p><p>Cody and his partner have been able to <a href="https://www.biggerpockets.com/blog/scaling-real-estate">grow their portfolio</a> to <strong>eighty-one units</strong>, all <strong>through </strong><a href="https://www.biggerpockets.com/blog/2013-11-05-seller-financing"><strong>seller financing</strong></a> and <strong>all found on-market</strong>. These deals not only cash flow but once paid off will allow <strong>Cody to retire not only himself but his mother as well</strong>. Did we mention that <strong>he’s twenty-one years old </strong>at the time of this recording? Another under-thirty-expert to add to our list of impressive guests!</p><p>While many investors give up after initial<strong> pushback over seller financing</strong>, Cody goes one step further by <strong>having the investor </strong><a href="https://www.biggerpockets.com/blog/2015-03-26-emotional-risk-factor-could-kill-investments"><strong>emotionally invest</strong></a><strong> in his success</strong>. No tacky <a href="https://www.biggerpockets.com/blog/biggerpockets-business-podcast-23-david-hoffeld">sales methods</a> or pushy conversations—just <strong>honest work with a clear vision </strong>that a seller can relate to. Cody is top of his class in terms of managing properties, acquiring new ones, and working with sellers—a guest ANY investor can learn a lot from!</p><p><strong>In This Episode We Cover:</strong></p><p>Picking yourself up<strong> after a </strong><a href="https://www.biggerpockets.com/blog/2007-05-14-how-to-prevent-a-real-estate-deal-from-falling-apart-because-of-inspection-issues"><strong>deal falls apart</strong></a> and finding another</p><p><strong>“Relationship marketing” </strong>and how it helps sellers finance your acquisitions</p><p><a href="https://store.biggerpockets.com/products/raising-private-capital"><strong>Raising private capital</strong></a> and being sure your cash flow outweighs your debt</p><p>Having a<strong> crystal clear vision</strong> and using it to fuel all your acquisitions</p><p><a href="https://www.biggerpockets.com/blog/property-management-vs-self-management">Managing a property in-house vs. <strong>hiring a third-party property manager</strong></a><strong> </strong></p><p><strong>Why cap rate may be an over-hyped</strong>, often useless metric when looking at commercial real estate</p><p><strong>Finding </strong><a href="https://www.biggerpockets.com/blog/find-real-estate-deals"><strong>real estate deals</strong></a><strong> on-market</strong> when there are “no deals to be found”</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show:</strong></p><p><a href="https://www.youtube.com/channel/UCVWDbXqQ8cupuVpotWNt2eg">BiggerPockets Youtube Channel</a></p><p><a href="http://biggerpockets.com/insights/property-searches/new">BiggerPockets Rent Estimator</a></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.mls.com/">MLS (Multiple Listing Service) Website</a></p><p><a href="https://www.loopnet.com/">LoopNet</a></p><p><a href="https://www.imdb.com/title/tt0386676/">The Office (TV show)</a></p><p><a href="https://www.youtube.com/watch?v=0Kvw2BPKjz0">The Office Parkour in YouTube</a></p><p><a href="https://www.appfolio.com/">AppFolio Property Management</a></p><p><a href="https://www.appfolio.com/">Tiktok</a></p><p><br></p><p>Click here to check the full show notes: https://www.biggerpockets.com/show554</p>
  <p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>