216: Buying 150 Houses and Experiencing a Financial Meltdown with Damion Lupo

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 2 March 2017

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode of The BiggerPockets Podcast, we’re pumped to introduce you to Damion Lupo, an experienced real estate investor and hard money lender who has seen it all in real estate—both the good and bad! You’ll learn how it was Damion’s naiveté that led to his early success (and why naiveté matters), as well as the traits that helped Damion build up an incredibly successful cash-flowing business. And don’t miss Damion’s story of the murdered security guard or his golden answers to the question, “How do you get a lender to say yes?” In This Episode We Cover: Damion’s first deal that he financed with his Visa card How you can be naive and still make it A discussion on whether it’s harder to find deals nowadays What you should know about driving for dollars The deals he has done so far The murdered guard story Why he wants to be the bank What exactly a lease option is How he structures his partnership A discussion on whether people should get an LLC or not Damion’s view on cash flow What he did to get through the downturn in 2008 Advice for those who want to be hard money lenders Tips for convincing a hard money lender What’s next for Damion And SO much more! Links from the Show Visit Path to Purchase on your Biggerpockets Dashboard BiggerPockets Events BiggerPockets Forums Pet Food Meetup.com Incorporate The Profit with Marcus Lemonis Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The Success Principles by Jack Canfield Abundance by Peter Diamandis and Steven Kotler Rich Dad’s Cashflow Quadrant by Robert T. Kiyosaki Mastery by George Leonard Tweetable Topics: “With real estate, there was this unlimited potential that is really only limited by me and my thinking.” (Tweet This!) “You can create massive financial wealth with real estate with an 8th grade education. Really, it’s up to you.” (Tweet This!) “People don’t realize the laws of selling. You don’t close deals on your first time.” (Tweet This!) “The way you do anything is the way you do everything.” (Tweet This!) “The worst teacher is success.” (Tweet This!) Connect with Damion Damion’s Personal Website Damion’s Company Website Damion’s Amazon 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 216.
0:05.0	Houses, I've done tons of those deals and so I can tell you the great ways to do it and the bad ways and I think there's a value in people that have done both sides of it so
0:13.6	that you're not just getting the the bright side or the total fear and panic
0:17.4	version of that particular style. You're listening to Bigger Pockets Radio
0:21.7	simplifying real estate for investors large and
0:25.0	small if you're here looking to learn about real estate investing without all the
0:29.3	hype you're in the right place stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:38.0	Your home for real estate investing online.
0:41.0	What's up everyone? This is Dave Meyer, the guest host of the BiggerPockets
0:45.1	podcast here with my co-coast, Mr. Brandon Turner.
0:49.3	What's going on, man?
0:50.9	That was a very good Josh to organ.
0:54.0	I think you said co-coast.
0:55.0	So, you know, it kind of sounds like you said co-coast, you know?
0:58.5	So I don't know, I'm going to tell Josh that you're screwing up his bit.
1:01.5	I know, I know, I can't do it as well as him.
1:04.0	I didn't want to show him up, you know.
1:06.0	Yeah, yeah, I understand that, you know, nobody wants to show up the boss.
1:09.0	So, uh, yeah, I know it's the big guy.
1:11.0	Yeah, anyway, well, it's good to have you here today.
1:13.0	I'm excited about this.
1:14.0	I always like when your guest co-hosting today.
	...

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