10 Real Estate Deals in 18 Months After a SEVERE Loss of Income
ฝัง
- เผยแพร่เมื่อ 5 ส.ค. 2024
- Episode #323
Completing ten real estate deals in only eighteen months might seem ambitious for a rookie investor, but today’s guest had no choice after experiencing a MAJOR loss of income.
In this episode of the "Real Estate Rookie" podcast, we’re chatting with fitness mentor, professional stuntman, and new investor Matt Ramirez. Between his thriving health business and steady television stunt work, Matt and his family were in a good place financially. Then 2020 hit. With stay-at-home orders and the film industry shutting down, Matt was suddenly making just twenty percent of his usual income. Providentially, he discovered BiggerPockets, caught the real estate bug, and was determined to make a career out of flipping houses. But, like many rookie investors, Matt still had some tough lessons to learn along the way!
If financial hardship has thrown a wrench in your real estate journey, draw inspiration from Matt’s story. Despite struggling to get approved for financing early on and losing money on his third flip, Matt never gave up on his real estate dream. In this episode, he’ll show you how to find the best real estate deals, get financing with inconsistent income, and hire dependable contractors for your rehab projects!
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Show notes at: www.biggerpockets.com/blog/ro...
00:00 Intro
01:37 Major Financial Setbacks
09:00 Survival Mode
15:39 The First House Flip
21:16 Scaling & HARD Lessons Learned
31:19 How Do You Find Deals?
43:27 Rookie Request Line
48:53 Rookie Exam
50:50 Rookie Rockstar
51:15 Connect with Matt!
I am so witj ypu on hiring bad contractors. Hurt badly. Thanks for bringing it to light.
26:00 I had to LOL at the crew learning how to do drywall on the job. 🤣 Glad it worked out, great episode. Always get references from contractors!
That was a funny part! 😂
References as in a portfolio of their past work?
I get how life can throw you curveballs. Matt's story, going from a stuntman to a real estate investor, is really cool. Life can be up and down, but he's showing that you can find new chances and make the most of them. Keep it up, Matt!
Guarantee you the Facebook group was CSBN lol
getting taken advantage of by contractors is, shall I say, human. There were 2 deals this year that I chose wrong on, one was a painter and the other was with a tile guy. It's hard to find the best deal and honest folks. This is why I don't buy out of state and dive deep in my local market.
Gus is the walrus from 50 first dates. I knew immediately. Also you go which industries could he be in that he lost 80% of his income.
Hey man
Ik people pitch you all the time but I think you’ll find my partnership different,can we discuss?
Cuz
? What lenders are you guys going to? I'm staying at my shit job because they said I need 2yrs at a job!