164: Scaling from 0 to 400+ Deals Through Real Estate Entrepreneurship with Steve Mills

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 3 March 2016

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

What’s it truly take to go from beginner to advanced in real estate? On this episode of the BiggerPockets Podcast, we sit down with Steve Mills, who shares exactly how he was able to overcome a bad first deal, find mentors, work with a partner, and eventually do more than four hundred real estate deals! This show is both highly motivating and informative and will definitely leave you with some great nuggets that you can use in your business to buy more real estate and have more fun doing it! In This Episode We Cover: Where Steve comes from and a discussion about Detroit How he got into real estate The entrepreneurial mindset Why you should educate yourself What his first deal looked like The importance of using bad deals as a learning experience Thoughts on selling via a land contract Why Steve chose wholesaling Details on his first wholesale deals How to negotiate your way to getting deals What you should know about zoning How to understand a lead Functional obsolescence Changing strategies as your business grows A discussion on commercial real estate How to find the confidence to do deals And SO much more! Links from the Show BP Podcast 093: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark BiggerPockets Forums Books Mentioned in this Show Think and Grow Rich by Napoleon Hill Rich Dad Poor Dad by Robert Kiyosaki Psycho-Cybernetics by Maxwell Maltz Tweetable Topics: “Real estate allows so much opportunity and growth in life.” (Tweet This!) “Having a group and joining one created a confidence in me.” (Tweet This!) “You can’t go acting broke and talking money.” (Tweet This!) Connect with Steve Steve’s BiggerPockets Profile Steve’s Facebook Steve’s LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The day is here everyone.
0:02.0	Sound the alarm.
0:03.2	You can buy investment properties with just 5% down.
0:07.0	Yeah, I said it.
0:08.3	Investment properties, not a house hack, not a primary residence.
0:12.4	With getaway, you can put just 5% down on your next
0:15.3	investment property. Here's how it works. Getaway will co-invest with you on real estate deals.
0:19.9	They'll help you find the deal, manage the property, and fund it so you only pay as little as 5% down.
0:25.4	And in two to five years, you can refinance or bring your own cash to buy getaway out of the deal.
0:30.3	You keep the appreciation.
0:32.0	This is how you scale your rental portfolio the right way.
0:34.7	Head to getaway.co slash BP. Get pre-qualified in minutes,
0:38.9	browse their pre-vetted listings, bring as little as 5% down, use cash flow or your own money to cover expenses, and then
0:46.0	refinance to buy Getaway out.
0:48.1	Ready to join the thousands of investors using Getaway to scale their portfolios faster? Check out pre-vetted deals today by signing up for free at getaway.co.
0:57.8	Getaway. co. slash BP.
1:01.2	Want to work with an elite investor agent like the David Green, an agent that can help you calculate
1:06.8	cash flow and find the best neighborhoods to invest in instead of talking about granite countertops.
1:12.0	Most people don't know this, but not every agent can help a real estate investor.
1:15.2	That's right, only an investor-friendly agent can give you the information you need to make a smart investment.
1:20.8	So if you want to work with an agent who will help you build wealth, there's only one place to go.
1:25.0	BiggerPockets Agent Finder.
	...

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