139: Getting Started as a Businessman, Not a Handyman with Fat Tony

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 10 September 2015

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many people struggle to get started, especially when they live in an expensive market. That’s why today on the BiggerPockets Podcast we’re excited to bring you this interview with a newer investor who’s figuring out how to make a passive investment business despite living in one of the most expensive cities in America. You’ll learn how Fat Tony (yes, that’s really what he goes by!) invests in out-of-state deals and how mindset has played a major role in his early success. In This Episode We Cover: Who is Fat Tony, and what’s with the name? How he got started in real estate investing Why it all starts with changing your mindset The value of continuing education His first deal: a short sale Whether it’s worth it to look into condos How to start doing the things you need to do The importance of tracking your net worth Why you should view real estate as a long term play What it takes to successfully invest out of state The importance of working with people who you can trust Why all investors should have cash reserves Why Tony believes in buying site unseen The worth of his properties today Tips for finding people who share the same mindset And SO much more! Links from the Show Want to be our sponsor? Email here BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast BP Podcast 134: Creative Finance and Gaining a Millionaire Mindset with Pro BMX Rider Terry Adams The Secret BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli Books Mentioned in this Show Brandon Turner’s Investing With No or Low Money Down Secrets of the Millionaire Mind by T. Harv Eker Rich Dad Poor Dad by Robert T. Kiyosaki What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank Gallinelli The 4-Hour Workweek by Timothy Ferriss Tweetable Topics: “I’m a businessman, not a handyman. And I’m okay with that.” (Tweet This!) “There’s gotta be a way. Other people are doing it. I just need to figure out the way.” (Tweet This!) Connect with Fat Tony Fat Tony’s BiggerPockets Profile Fat Tony’s Company Website Instagram Facebook Twitter The Expansion Project Podcast Break Parallel Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, Show 139.
0:05.0	I figured I'm a businessman, not a handyman, and I'm okay with that.
0:09.0	You're listening to Bigger Pockets Radio,
0:12.0	Simplifying real estate for investors large
0:14.7	and small. If you're here looking to learn about real estate investing without
0:19.0	all the hype, you're in the right place. Stay tuned and be sure to join the millions of others
0:24.8	who have benefited from bigger pockets.com.
0:27.9	Your home for real estate investing online.
0:30.8	What's going on everybody?
0:32.1	This is Josh Dorkin, host to the BiggerPockets Podcast here with my good friend, Mr. Brandon Turner.
0:38.9	Hey Brandon, how you doing Josh?
0:40.9	I'm great, man, I'm great.
0:42.4	Good about yourself. I'm not, I'm great good about yourself I'm not I'm doing pretty good I'm moving in the next couple weeks which is exciting which you just found out apparently because I never told you yeah yeah
0:50.8	nice house yeah I'm moving on up to the east side.
0:55.0	It's the same, yeah, I'm moving like two miles away,
0:57.0	but now I'll have a view in a hot tub.
0:59.0	Because, yeah, man.
1:00.0	It's a friend, yeah.
1:01.0	So I bought this house, I can kind of explain.
1:02.0	A friend of mine, it was, I mean kind of sad, he went through a divorce a few years ago, back three years ago, whatever. And at the time I talked to him about his house, obviously, because I'm a real estate guy and he wanted to ask some questions.
1:13.9	So we talked about it and, you know, it was way outside of my price range and it was, you know, I just didn't even
1:18.4	envision that I could ever live there.
	...

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