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:

Bill

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

Bill’s Blog

Connect with Jacob

Connect with David

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281: How to Get Your First Deal—An Episode For New Investors With Bill, Jacob, and David! 01:56:38

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