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Updated almost 8 years ago on . Most recent reply

User Stats

82
Posts
19
Votes
Cody Dover
  • Rental Property Investor
  • North Little Rock, AR
19
Votes |
82
Posts

From 0 to 5 units at age 22! (100% occupied)

Cody Dover
  • Rental Property Investor
  • North Little Rock, AR
Posted

I'm here to say anything is possible when you set your mind to whatever you want done. All this comes with the necessary actions required and is key ingredient a lot miss out on and that's simply taking action.

For several months, we analyzed deals, ran comps, numbers etc. Dream of becoming a landlord but never really took action. Analysis Paralysis at its finest talking our way out from certain deals because of our "thoughts". We soon realized we aren't going anywhere but questioning ourselves.

After months of dreaming and envisioning our path, we finally got from out of the office (my downstairs living room) and reached out to connect and network with individuals who was doing what we were looking to do. Went to meetups, the local Real Estate Investors Association, etc and came in contact with the right people. That fueled us even more to keep pushing through.

We finally started playing ball in January taking swings rather than just showing up for "practice". Offering like crazy (remember its a numbers game) the more we offered, the more accepted contracts came in. We figured we didn't have funds for the down payment and closing cost, we simply just wanted to "say yes" now and figure out the rest later. And certainly did we, lifted under every rock, call people we knew until we came across financing for the 15% down payment at closing. Always come to play and figure out a solution later.

Hope I can inspire other new investors that's getting involved, it just takes one to get things going, then from there just keep excelling!

Most Popular Reply

User Stats

96
Posts
36
Votes
Leah Bonner
  • Specialist
  • Roanoke, TX
36
Votes |
96
Posts
Leah Bonner
  • Specialist
  • Roanoke, TX
Replied

Thats awesome @Cody Dover , I needed to read this! I've made one deal at 20 Y/O but haven't since then... When you say make offers I'm assuming you mean to Properties on the MLS... Is that right?

Awesome your first deal was a multiunit! 

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