199: 25 Doors by Age 25 with Houssein Al-Eidan

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 3 November 2016

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real estate investing is no longer just for older generations! Today on the BiggerPockets Podcast, we sit down with Houssein Al-Eidan, an accountant from the St Louis area who has purchased 25 rental units — and he’s just turning 25 years old this month! You’ll hear Houssein’s unique strategy of buying lower-price properties (many from auctions) and using a variety of strategies to increase his returns (including AirBnB and even leaving some properties vacant!). This show is bound to leave you inspired to expand your own real estate portfolio — no matter what age you are. In This Episode We Cover: How Houssein found BiggerPockets How he relocated from Kuwait to St. Louis (and why) How he discovered real estate through TV shows What his first deal was like How he dealt with a complicated foreclosed property with an existing tenant The total number of deals he’ve done so far in the past year How his numbers look for his condo units What his game plan is after buying so much property How he funds these properties through seller financing The importance of understanding the seller’s motivation Tips on Airbnb properties How be built a team for delegation A word of caution in this type of investing And SO much more! Links from the Show Scott’s Twitter Account BiggerPockets Jobs Flip or Flop BiggerPockets Podcast on Youtube Auction.com Zillow Books Mentioned in this Show The Book on Investing with Low or No Money Down by Brandon Turner The Effortless Empire by Chris Gray How to Win Friends & Influence People by Dale Carnegie Tweetable Topics: “The first purchase may not be always be the best.” (Tweet This!) “Once you understand the seller’s motivation, from there you can customize a plan.” (Tweet This!) Connect with Houssein Houssein’s BiggerPockets Profile 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, 199.
0:04.5	So I literally started last May of 2015, so a little over a year now.
0:09.5	You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small.
0:16.0	If you're here looking to learn about real estate investing without all the height, you're
0:20.0	in the right place.
0:21.9	Stay tuned and be sure to join the millions of others
0:24.7	who have benefited from bigger pockets.com.
0:27.8	Your home for real estate investing online.
0:30.6	What's going on everybody?
0:31.6	This is Josh Dorkin, host to the BiggerPockets podcast here with my co-host Mr.
0:36.3	Brandon Turner.
0:37.3	Hey, how's it going?
0:39.3	You didn't say what's up, so it was like, weird, I didn't know if I should talk or you know?
0:43.8	Know your role man!
0:44.8	You can't change things up on show 199 of the podcast.
0:48.3	We've been doing this experiment.
0:49.9	A hundred.
0:50.8	This is 190.
0:51.7	Wow 199. Look at that. This is 199. nine. This is one ninety nine now. That's pretty cool. You know that the world of
0:57.2	podcast and we're like old geezers. It's awesome.
0:59.3	Speak for yourself my friend. Speak for yourself. yourself.
1:03.0	Well, what have you been up to?
	...

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