cover of episode 281: How to Get Your First Deal—An Episode For New Investors With Bill, Jacob, and David!

281: How to Get Your First Deal—An Episode For New Investors With Bill, Jacob, and David!

Publish Date: 2018/5/31
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BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>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 <strong>three different investors</strong> 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!</p><p>In This Episode We Cover:</p><p>Bill</p><ul>
  • Being imprisoned for 10 years
  • What changed in prison for Bill
  • Starting your business on the side
  • How he ended up investing in real estate
  • What went in his head with his first investment property
  • The beauty of keeping expenses low
  • Having tiny little steps

    • Jacob

    • Jake’s investing path
    • How he got into real estate
    • Buying a $25,000 house with a $140 monthly mortgage
    • Going for the smaller banks
    • Investing at a very young age
    • Joining local Facebook pages
    • His criteria for finding properties

    David

    • David’s story and how he got to Hawaii
    • BRRR, OD, and HELOC
    • Paying close to 5 percent on a 10-unit apartment
    • Having a great team you can trust
    • How he built a meet up in Hawaii
    • And SO much more!

    Links from the Show

    Books Mentioned in this Show

    Tweetable 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 Bill

    Connect with Jacob

    Connect with David

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