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The Best Ever CRE Show

JF1297: Learning From A Bad First Investment with Drew Eldridge

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 22 March 2018

⏱️ 30 minutes

🧾️ Download transcript

Summary

Drew bought his first deal at almost retail, put too much money in the rehab, and wasn’t getting great returns. He learned from the experience and now owns 20 units and one commercial property. Hear what he learned and applied to his business after having a not-so-good first deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “Do something and do it now” - Drew Eldridge   Drew Eldridge Real Estate Background: Real estate investor and has been investing since 2006 He has 20 doors and one commercial property Builds his rental portfolio not for cashflow but for retirement Recently helped his son purchase his first rental property at 12 years old Based in Oklahoma City, Oklahoma Say hi to him at 405.213.4041 or www.sellyourmemphishomefast.com Best Ever Book: Never Split the Difference by Chris Voss Join us and our online investor community: BestEverCommunity.com Made Possible Because of Our Best Ever Sponsor: Are you committed to transforming your life through real estate this year? If so, then go to CoachWithTrevor.com to apply for his coaching program. Trevor is my real estate, business, and life coach. I’ve been working with him for years. Spots are limited, so be sure to apply today! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know that within a decade women will hold $30 trillion in investable assets?

0:05.3

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0:11.0

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0:23.0

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0:27.0

It's a transformational experience focused on real estate investing,

0:31.0

business strategies, and self-care tactics, all designed to help women take

0:35.5

control of their financial futures. Gain the knowledge and skills you need to grow

0:40.0

your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.

0:48.0

To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.

0:57.0

That's Invest Her, H-E-R-K-D-K-G-K-G-K-G-G-O-K-K-K-K-K-Kom, promo code 100 best ever to get $100 off your ticket.

1:05.0

Essentially to network and to do something.

1:07.0

And I always say do something and do it now.

1:09.0

And that doesn't mean that's really to buy a house right now, but do something to move you towards that goal.

1:15.4

Best ever listeners before we get into today's episode I'm pleased and

1:19.0

honored to be introducing you to Trevor McGregor you recognize his name He's been on the show multiple times just search Trevor McGregor Joe

1:27.3

Fairless and you'll hear his interviews that I did with him and he has a lot of value

1:32.2

during those interviews. Well he's had a lot of value during those interviews.

1:34.0

Well, he's at a lot of value in my life.

1:36.0

For the last five years, I have hired him to be a consultant to help me with my real estate business and just personal stuff too as a life slash business coach and he's taken my game to a different level.

1:50.0

Before I hired him I had four single family homes and oh by the way I was also single

1:56.3

Fast forward to today my company controls over 300 million dollars worth of real estate

2:01.0

And I am happily

...

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