cover of episode 174: Lessons Learned From 2,000+ Transactions Over 44 Years with Dave Short

174: Lessons Learned From 2,000+ Transactions Over 44 Years with Dave Short

Publish Date: 2016/5/12
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>Around BiggerPockets, we often encourage newer investors to sit down with an experienced real estate investor to “pick their brain” and soak up their wisdom. Today on the <a href="http://biggerpockets.com/podcast">BiggerPockets Podcast</a>, we want to do just that. Dave Short began investing in real estate nearly half a century ago and has an incredible level of insight into the ups and downs of building wealth through real estate. We cover everything from overcoming failure to flipping a hundred houses in four years and much more!</p><p>In This Episode We Cover:</p><ul>
  • How he got started in real estate from a factory job 44 years ago
  • The grave need for property management and liquidating their business
  • Thoughts on going through investing with over a million dollars in debt
  • Tips for making partners instead of having bank relationships
  • How help from the outside opened his eyes
  • Why you should stay in the game despite failures
  • The importance of working with the right people
  • How many transactions he has done over his real estate career
  • How he flips a house
  • Who’s on his team
  • How to hook a spouse on investing in real estate
  • How he buys his deals
  • How to get a good transaction as a wholesaler
  • Making a deal by solving other people’s problems
  • How to show yourself to be legit as a wholesaler
  • Why you should find a veteran investor in your market
  • What “pre-habbing” a house is
  • And SO much more!
  • Links from the Show

    Books Mentioned in this Show

    Tweetable Topics:

    • “The management is the key to success, and real estate is just the vehicle.” (Tweet This!)
    • “In buying and selling real estate, every house has 2 to 4 solutions.” (Tweet This!)
    • “The beauty in staying in the real estate business for 44 years is if you’re in a slump for 4 years, that’s only 10% of your career.” (Tweet This!)
    • “If you can’t ask the right questions, then you’ll never get to the solution.” (Tweet This!)
    • “I never look at them as competition. They’re people we work together with, and we can all make a living.” (Tweet This!)

    Connect with Dave

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