JF1860: New Investor Buys 30 Units With Other Peoples’ Money with Colin Douthit

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 6 October 2019

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Since Colin is still a newer investor who has successfully used OPM to purchase real estate, we’ll hear a lot about how he met investors and convinced them to invest in his real estate deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If they say they’ll invest anywhere then they are willing to invest in areas that are bad and not guide you properly” - Colin Douthit

Colin Douthit Real Estate Background:

Real estate investor, general contractor, and property manager
Owns 70+ doors all acquired in the past 24 months, manages 50+ doors for other real estate investors
Based in Kansas City, MO
Say hi to him at colinATatlas.rentals
Best Ever Book: Bible

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Transcript

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1:05.0	People can have a wide area that they're comfortable managing the whole metropolitan area or
1:09.6	ask them where would you not invest?
1:12.6	Because if they will say, oh, we'll just manage anything
1:15.2	anywhere, then that means they're also willing
1:18.4	to not guide you properly into investing in areas that are bad.
1:22.4	Real quick, before the episode, I want to give you a gift of 25% off,
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1:35.0	because as landlords, we tend to be most concerned with getting paid on time.
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1:46.4	A evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees,
	...

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