139: Getting Started as a Businessman, Not a Handyman with Fat Tony

Episode • Sep 10, 2015 • 59m

Many people struggle to get started, especially when they live in an expensive market. That’s why today on the BiggerPockets Podcast we’re excited to bring you this interview with a newer investor who’s figuring out how to make a passive investment business despite living in one of the most expensive cities in America. You’ll learn how Fat Tony (yes, that’s really what he goes by!) invests in out-of-state deals and how mindset has played a major role in his early success.

In This Episode We Cover:

Who is Fat Tony, and what’s with the name?
How he got started in real estate investing
Why it all starts with changing your mindset
The value of continuing education
His first deal: a short sale
Whether it’s worth it to look into condos
How to start doing the things you need to do
The importance of tracking your net worth
Why you should view real estate as a long term play
What it takes to successfully invest out of state
The importance of working with people who you can trust
Why all investors should have cash reserves
Why Tony believes in buying site unseen
The worth of his properties today
Tips for finding people who share the same mindset
And SO much more!

Links from the Show

Books Mentioned in this Show

Brandon Turner’s Investing With No or Low Money Down
Secrets of the Millionaire Mind by T. Harv Eker
Rich Dad Poor Dad by Robert T. Kiyosaki
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank Gallinelli
The 4-Hour Workweek by Timothy Ferriss

Tweetable Topics:

“I’m a businessman, not a handyman. And I’m okay with that.” (Tweet This!)
“There’s gotta be a way. Other people are doing it. I just need to figure out the way.” (Tweet This!)

Connect with Fat Tony

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