344: “No Money” Real Estate Investing with Gabriel Hamel

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 22 August 2019

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over 25 seller financed deals in a few short years! Today’s guest, former service member (and diamond pushup world record holder) Gabriel Hamel, sits down with Brandon and David to share how he built a portfolio of over 140 units (in an expensive market) using creative methods and seller financing to make deals where other investors miss them! Gabriel shares how he started investing in a tough market and used sub-prime lending (successfully) to house hack his first few properties. He gives some awesome advice on approaching sellers with seller financing proposals, structuring the offers, and showing them how it’s a win-win. He also gives great advice on finding gentrifying markets, walking away from closings with money in his pocket, and applying a mindset to real estate investing that helps him succeed in all aspects of life! Gabriel has very practical, down-to-earth, useful advice and shares it willingly. This is an episode for both newbies and experienced investors to download today! Listen to the full episode here: http://biggerpockets.com/show344 In This Episode We Cover: Started with sub-prime lending and it worked out House hacked his first and second home Owns 140 units now How he got started buying properties in a scary market from 2009-2012 Why he began with seller financing How he found his first off-market deals Seller financing wizardry What he looks for in improving neighborhoods How he’s been able to walk away with cash at closing—better than no money Why he focuses more on terms than just price His advice for having a success mindset in ALL areas of life What he looks for in a deal How he scaled to over 100 units And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Brandon's Instagram David's Instagram Want to host your own BiggerPockets podcast? Pitch us! GoBundance Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast show number 344.
0:05.6	It was building that relationship and letting people know,
0:07.8	hey, here's what I'm looking for.
0:09.2	They would have no idea had I not told them.
0:11.3	And same with the seller finance is going in there and really trying to find out hey what is it that these people want and need and trying to create a deal giving them what they want and really creating that win-win scenario but such a relationship business.
0:24.0	You're listening to Bigger Pockets Radio,
0:27.0	Simplifying real estate for investors large and small.
0:31.0	If you're here looking to learn about real estate investing without all the
0:34.4	height, you're in the right place. Stay tuned and be sure to join the millions of others who have
0:40.2	benefited from bigger pocketsPockets.com.
0:43.0	Your home for real estate investing online.
0:46.1	What's going on everyone?
0:47.1	This is Brandon Turner, host of today's BiggerPockets
0:49.8	podcast, the top Real Estate Invest investing show in the world.
0:55.0	We're here with my co-host, David Green.
0:56.5	What's up David Green?
0:57.7	Not much, bro, it's been a really good weekend.
1:00.6	I was on the phone with several different lenders trying to find someone that can help me finance property so I can start looking again.
1:06.0	I'm a couple weeks away from training with multi-family. I've got a partner I'm going to start looking at deals with and I'm going to try to copy your model that you're doing with mobile home parks with some multifamily residential housing.
1:17.0	That's awesome dude. Very very cool. Yeah, I'm excited to see where you and your buddy, I don't know if it's public yet, but your buddy that you guys are working with.
1:24.1	I'm excited to see where that's going to go.
1:25.5	So yeah, you guys are gonna do good stuff.
	...

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