58 Units (W/ Mostly ZERO % Interest) at 23 Years Old - Ed Byler

Action Academy | Replace The Job You Hate With A Life You Love

Brian Luebben

Corporate, Careers, Business, Financial Freedom, Small Business, Entrepreneurship, Biggerpockets, Investing, Millionaire, Real Estate, Passive Income, Alex Hormozi, Commercial Real Estate

5 • 683 Ratings

🗓️ 7 April 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

When i was 23 I had a Hangover. Ed Byler decided that instead of that for his 23rd birthday He would prefer a 7 figure 58 unit real estate portfolio. Ed Byler is a commercial real estate broker out of North Carolina who has a knack for building long term relationships with long term people. He was able to not only raise money from friends he worked with, but purchase 51 of these units with ZERO PERCENT INTEREST through a direct seller - over a BBQ dinner. He did all of this with a GED and...

Transcript

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0:00.0	I went out to a local barbecue spot, man.
0:02.2	This is North Carolina.
0:03.1	There's a lot of good old boys around here.
0:04.5	I told him straight away.
0:05.4	I said, Rick, I would love to purchase this thing from, but there's no chance.
0:09.3	We got to talking back and forth.
0:11.3	And over several months of good conversation, we settled on a $1.4 million purchase price,
0:17.2	$300,000 down, 0% financing, fully amortized.
0:22.1	That's where we landed at.
0:24.7	Welcome to the Action Academy podcast.
0:28.6	Stand back while I celebrate freedom.
0:30.9	The show where we help you achieve financial independence with the mindsets, methods, and actionable steps from guests who've already
0:40.0	earned their freedom.
0:41.4	The flags of freedom fly.
0:44.4	Choose to do what you want.
0:46.7	What you want.
0:47.6	With who you want.
0:48.6	With who you want.
0:49.6	When you want.
0:50.6	When you want.
0:51.8	With another episode today.
0:56.9	Now, here's your host, Brian Lubin.
	...

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