Newbies: You Can Purchase 9 Homes in 3 years

[Zachary McDonough]

Guys, getting started is rough!! I remember listening to every new BP pod, getting excited but sad thinking I am behind. Don't worry, you are not.

I bought my first rental in March 2020. Now, I am under contract on #9. But starting off, I had no deal flow, no money, and never enough time to invest (at least it seemed that way).

Btw, I am no pro but I want to break everything into three simple ideas. Write these down. Prospect. Market. Network. 

The only three things that matter. 

Prospect: find leads, analyze deals, and try to secure em'.

Market: Outreach. Tell everyone living creature about what you are working on. You never know where deals come from.

Network: there are people less qualified, living your dream. Find them, befriend them, and listen to them. 

Stack your experiences. Learn the core fundamentals. Example:

- LAPS funnel - B.Turner talks about it

- Build a team - D. Greene talks about it

- Hustle your heart out

It will happen. Just never exactly how you think and when you think. Be blessed.

For REI nerds, here's my latest deal analysis:

PP: $135k

Repairs: $15k

ARV: $265k

Rent: $2000/month

Exit Strategy: BRRRR, hoping to use a new DSCR lender who claims we can do 90-day refi. Fingers crossed.

Acquiring with Private money for 100LTV.