cover of episode 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet

385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet

Publish Date: 2020/6/4
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BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>Flipping with <strong>no money down</strong>... in Hawaii? You heard that right.</p><p><strong>Greg Gaudet </strong>actually considers himself "risk-averse" and still holds a full-time job, but he's able to make nice chunks of change by <strong>hustling to find deals</strong> and <strong>managing rehabs</strong> for Brandon's team on Maui.</p><p>Today, Greg walks us through his journey from "rock bottom," including bouts with addiction and homelessness, to living <strong>the life of his dreams</strong>, buying a Porsche cash, and owning a handful of properties <strong>free and clear. </strong></p><p>You'll learn the right way to approach <strong>investing in condos</strong>, how to bring value to a <strong>potential partner or mentor</strong>, how Greg manages risk by keeping his living expenses low, <em>and </em>the <strong>mindset shifts</strong> that allowed him to 1) get clean and 2) "get out of his own way" in the real estate business.</p><p>This is truly one of the most powerful stories we've told on the <strong>BiggerPockets Real Estate Podcast</strong>, and it's guaranteed to get your wheels spinning!</p><p>In This Episode We Cover:</p><ul>
  • How tragedy shaped much of Greg's early years
  • Bad advice he received when jumping into investing
  • What to look for (and avoid) when investing in condos
  • How Greg bought a condo for less than 50¢ on the dollar
  • How he and Brandon structure their flip deals
  • How anyone can flip without risk—if they're willing to work
  • Greg's "why" (and his paid-for Porsche)
  • How to approach a mentor without making it awkward
  • And SO much more!

    • Links from the Show

    Check the full show notes here: http://biggerpockets.com/show385

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