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 Learn more about your ad choices. Visit megaphone.fm/adchoices