281: How to Get Your First Deal—An Episode For New Investors With Bill, Jacob, and David!
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
- BiggerPockets Forums
- BiggerPockets Webinars
- BiggerPockets Podcast 277: Building a Six-Figure Family Real Estate Business with Ashley Wilson
- BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- BiggerPockets Events
- Dad Powered
- Brandon’s Instagram Profile
- David’s Instagram Profile
Books Mentioned in this Show
- The 21 Irrefutable Laws of Leadership by John C. Maxwell & Steven R. Covey
- Awaken the Giant Within by Anthony Robbins
- Rich Dad Poor Dad by Robert Kiyosaki
- Long-Distance Real Estate Investing by David Greene
- The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
- The Advanced Guide to Real Estate Investing by Ken McElroy
- How to Win Friends & Influence People by Dale Carnegie
- The Miracle Morning by Hal Elrod
- The 80/20 Principle by Richard Koch
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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