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

• Bill’s Blog

Connect with Jacob

• Jacob’s Podcast
• Jacob’s Website

Connect with David

• David’s Blog
• David’s Instagram Profile
• David’s Facebook Page
• David’s Youtube Channel

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