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BiggerPockets Real Estate Podcast

180: 58 Deals by Age Twenty-Three with Devan McClish

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 23 June 2016

⏱️ 68 minutes

🧾️ Download transcript

Summary

What were you doing at 23 years old? Probably not building 17 houses like today’s guest! That’s right — our guest today on the BiggerPockets Podcast is Devan McClish, a real estate investor from Nashville who’s done nearly 60 deals in just the past couple years — using almost no money of his own. You’ll learn how Devan finds deals, raises money, works with contractors, and so much more. This show will go down as one of the greatest in BiggerPockets history — so don’t miss a second of it! In This Episode We Cover: How Devan got started learning real estate when he was 18 How he convinced a mentor to teach him His first deal 3 years later How to avoid the shiny object syndrome How he landed deals through direct mail How he initially funded his deals Living on $15,000 for a year How to deal with peer pressure when you’re “going cheap” The worst mistake he’s made so far The biggest challenge in the beginning Why finding the deal is harder than finding the money How Devan finds deals Tips on driving for dollars His future goals And SO much more! Links from the Show BiggerPockets Job Opening BiggerPockets Events Advertise with BiggerPockets BiggerPockets Store Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Think and Grow Rich by Napoleon Hill How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson The Intelligent Investor by Benjamin Graham Tweetable Topics: “While my friends are out drinking, I stay at home and try to find the next deal.” (Tweet This!) “Instead of spending $300/month on a brand new car, I’d rather spend that to get another 300 yellow letters out.” (Tweet This!) “Whenever they say you can’t do this, I say watch me do it.” (Tweet This!) Connect with Devan Devan’s BiggerPockets Profile Devan’s Facebook Profile Devan’s Twitter Profile Devan’s Landing Page 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 180.

0:05.0

I'm 23 years old.

0:06.0

23 years old and you've done one deal, right?

0:08.0

That's pretty easy.

0:09.0

No, I've done 42 deals just this year alone.

0:12.0

Oh, what? You're listening to a bigger... I've done 42 deals just this year alone. Oh.

0:13.4

You're listening to Bigger Pockets Radio,

0:16.4

simplifying real estate for investors large and small.

0:20.1

If you're here looking to learn about real estate investing, without all the height, you're in the right place.

0:26.0

Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.

0:32.0

Your home for real estate investing online.

0:34.8

What's going on everybody? This is Josh Dorkin.

0:36.8

Host at the BiggerPockets podcast here with my co-host, Daddy.

0:42.0

Brandon Turner, what is going on? host Daddy.

0:45.0

Brandon Turner, what is going on?

0:48.0

Oh, life is so good. Life is so good right now.

0:49.0

Yeah, man.

0:50.0

I'm seeking like an hour night, but it's amazing.

0:52.0

I love it. Brandon, it is today, it is June 21st. We are two days out from Father's Day just passed. You are a new father. Congratulations. Thank you. Yeah. Three weeks ago my wife gave birth the little Rosie and four hours of labor for a first kid which is crazy. That's ridiculous. Yeah, it was weird as every woman listening is jealous. It was amazing though. Oh my gosh like it was amazing. So yeah, being a dad is like the best thing I could have ever imagined. Yeah.

1:23.0

Now I know why you like talk about, you know, being so cool all the time.

1:25.0

Yeah, that's why it's the best thing ever.

1:28.0

It is definitely life changing and we're very, very happy for you guys and Rosie's the cutest.

...

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