386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 11 June 2020

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

From "bad drug dealer" in his youth... to earning a master's degree, then jumping into real estate at age 36 and crushing his first deal! Today, Marcus Maloney shares his wild ride in Part 1 of two episodes this week. This one was recorded before the coronavirus pandemic, so we don't discuss that topic. Tomorrow, we'll dive into how Marcus pivoted to keep doing deals in these trying times. In this episode, you'll learn how Marcus used just $200 to launch his career, how he acquired nine rental properties, and how he's completed dozens of local (Phoenix) and long-distance (Chicago) real estate transactions. He also discusses the strategies he's using to generate leads, how he builds trust with both sellers and buyers, and how he works with acquisition managers, who take a cut of the deals they bring him. Plus—the guys have a great conversation about performance coaching and why the thing that's holding you back probably isn't something you're going to fix at a real estate boot camp. Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the BiggerPockets Forums, where he's a frequent contributor. And don't forget to subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show! In This Episode We Cover: How Marcus "flipped piglets" as a boy How a rescinded job offer led to him to pursue real estate The personal development he had to do to become a successful real estate investor Direct mail marketing Closing deals on the phone Attracting partners by creating valuable content Why Marcus lives in Phoenix but buys rentals near Chicago What separates successful "bird dogs" and wholesalers from those who give up And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Reviews SunTrust Wells Fargo Guild Mortgage Buildium Re-Leased Rent Manager Quicken Loans Cozy Performance Coach Jason Drees Performance Coach Phil Towle Check the full show notes here: http://biggerpockets.com/show386 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast Show 386 Part 1 of 2.
0:04.8	Guys, it's my whole approach is service.
0:07.6	I want to make sure we provide service to our sellers, to our buyers.
0:11.8	So if the deal don't make sense for them, don't do it. You know, don't do it.
0:16.6	You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small.
0:23.7	If you're here looking to learn about real estate investing without all the height,
0:27.7	you're in the right place.
0:29.6	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com
0:35.6	your home for real estate investing online.
0:38.4	Hey what's going on everyone it's Brandon Turner, host of the bigger pockets Podcast here with another amazing episode that we're going to talk about a ton of cool stuff with my friend Mr David Green.
0:50.5	What's up David Green?
0:51.5	How you been?
0:53.0	Been pretty good, man.
0:54.0	You still working at home, I see, because your video looks like garbage.
0:56.0	Yes, it does.
0:57.0	Just a plain wall behind me.
0:59.0	For a while, we had my couch and my TV, and now it's a plain wall.
1:02.0	Damn. I can't go to the office so that part's tough
1:04.3	but there's a lot of tough things going around right now so all the things
1:06.6	considered I have nothing I can complain about. All things considered yeah yeah
1:10.4	it's one of those you know first world first world problems, I guess, you got a
1:13.7	plain wall behind you, you don't have the blurred background that I got. Well, I would
	...

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