462: The 5 Fundamentals That Lead to $35M of Real Estate in 1 Year with Terrance Doyle

Some would call Terrance Doyle a “baller”. Not because he’s done hundreds of millions of dollars in real estate transactions , or because he has done over 600 flips , or because he helps lead the Tribe of Multifamily Mentors . Terrance played college basketball, which grew into working as an NBA sports agent , garnering him access to famous coaches, players, and executives. Terrance and a couple of his college teammates started a franchise after college, and needed somewhere to park cash. Another teammate helped Terrance buy a foreclosure at a public trustee sale , which he flipped for a sizable profit. This is when he knew that the real money was made in real estate . Between 2008 and 2014, Terrance did over 600 flips, in multiple different areas of the country . As he learnt to build relationships and rapport with buyers, sellers , lenders, and contractors, Terrance started taking on bigger and better deals. He’s done $35,000,000 in transactions since the start of the pandemic and relies on the five basic fundamentals of real estate : know your market, be aggressive, be faster than the competition, have solid lenders, and make sure your ducks are in a row. In This Episode We Cover: The 5 fundamentals of successful real estate investing Going from NBA agent to full-time real estate professional Finding your competitive edge and knowing where you can add value How to invest in a very expensive market (like Denver!) Cap rates , NOI, cash on cash return , and other important metrics How to run your organization more efficiently , so you can do more And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Check the fulls how notes here: http://biggerpockets.com/show462 Learn more about your ad choices. Visit megaphone.fm/adchoices