cover of episode 386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus)

386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus)

Publish Date: 2020/6/11
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BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>From "bad drug dealer" in his youth... to earning a master's degree, then jumping into real estate at <strong>age 36 </strong>and crushing his first deal!</p><p>Today, <strong>Marcus Maloney </strong>shares his wild ride in <strong>Part 1 </strong>of two episodes this week. This one was recorded <strong>before the coronavirus </strong>pandemic, so we don't discuss that topic. Tomorrow, we'll dive into <strong>how Marcus pivoted</strong> to keep doing deals in these trying times.</p><p>In this episode, you'll learn how Marcus <strong>used just $200</strong> to launch his career, how he acquired <strong>nine rental properties</strong>, and how he's completed <strong>dozens</strong> of local (Phoenix) and <strong>long-distance</strong> (Chicago) real estate transactions.</p><p>He also discusses the strategies he's using to generate leads, how he <strong>builds trust</strong> with both sellers and buyers, and how he works with <strong>acquisition</strong> <strong>managers</strong>, who take a cut of the deals they bring him.</p><p>Plus—the guys have a great conversation about <strong>performance coaching </strong>and why the thing that's holding you back probably isn't something you're going to fix at a real estate boot camp.</p><p>Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the <strong>BiggerPockets Forums</strong>, where he's a frequent contributor.</p><p>And don't forget to subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show!</p><p>In This Episode We Cover:</p><ul>
  • How Marcus "flipped piglets" as a boy
  • How a rescinded job offer led to him to pursue real estate
  • The personal development he had to do to become a successful real estate investor
  • Direct mail marketing
  • Closing deals on the phone
  • Attracting partners by creating valuable content
  • Why Marcus lives in Phoenix but buys rentals near Chicago
  • What separates successful "bird dogs" and wholesalers from those who give up
  • And SO much more!

    • Links from the Show

    Check the full show notes here: http://biggerpockets.com/show386

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