17: 3 Rentals in His First Year & the Power of a Real-Life 'Rich Dad' Mentor with Derrick Ziglar Jr.

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 24 June 2020

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

From humble beginnings... to Division 1 football, military service, and now three rental properties in his 20s! Derrick Ziglar Jr. is a man on a mission, and today he shares how he converted a wrong turn into a $30K duplex purchase that kick-started his journey toward generational wealth. If you're interested in securing your financial future, then don't miss Derrick's tips on how he finds deals, how he uses a personal line of credit, and the lessons he's learned about managing contractors. Plus, we go in-depth on how he built a life-changing relationship with a mentor/father figure and the importance of casting a long-term vision for your real estate business—no matter your goals. Derrick is an impressive rookie investor, and he doesn't hold back in this one... so hit play now. And if you enjoy this episode, please leave us a rating and review in Apple Podcasts! Links from the Show Real Estate Rookie Facebook Group Felipe's Instagram Ashley's Instagram BiggerPockets Podcast Zillow Redfin Audible The Biggerpockets Magazine Rookie Podcast 15: 5 Steps to Reach Financial Freedom in 15 Years Through Long-Distance Investing With Elyse Rasmussen Robert Kiyosaki Grant Cardone Check the full show notes here: http://biggerpockets.com/rookie17 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie show 17
0:05.0	You have to make sure not only do you have similar goals and aspirations,
0:10.0	but you also have to make sure that you guys are balancing each other out.
0:14.0	There's things that my mentor is specialized in and that he knows and he has experience of that I don't.
0:18.0	And so I can leverage those things and learn from him in the process of me growing as a real estate investor.
0:24.6	I am Ashley Kerr and I am also the age 17 the same as this show.
0:30.9	And my co-host, the leap mejia, is what, 30? Just turned 30, right?
0:35.6	I am, I just turned 30. But yes, this is episode 17. This is not Ashley's age.
0:41.6	And let's not try to guess.
0:43.0	Oh my gosh.
0:45.0	I still have like excitement from today's show because it was so great.
0:49.0	I'm still like hyped up about it.
0:51.0	Absolutely. I mean it's interesting the way Derek talks because he speaks like an investor that's been in the
0:57.4	game for 20 years and he's only been in the game two.
1:00.1	Yeah and just, I mean, everything that he said just, it makes sense and he had a lot of just great tips,
1:07.3	you know, his mindset, he's disciplined, he's focused, and I think everyone's going to learn a lot about his relationship with his mentor and how he talks about how he leverages relationships and you know not just for his benefit but for a mutual benefit.
1:23.0	Absolutely. He talks about flying out to meet with his mentor when he has a specific
1:29.2	question. If that doesn't tell you the character of this kid, I don't know what will.
1:33.0	So let's bring him out.
1:34.0	You guys know the drill.
1:38.0	Before we get to the episode, let's hear a word from our show sponsor.
1:43.2	What if you could try owning a vacation rental before you buy it?
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