JF462: How He Bought Two 12-Plexes with NONE of His Own Money

The Best Ever CRE Show

Best Ever CRE

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

4.8 • 983 Ratings

🗓️ 8 December 2015

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

As a previous architect and soldier in the military, our best ever guessed was well rounded when he began investing. After some experimenting and minor bird dog deals, he took his game up level and began to buy fix and flip Phoenix properties. From the beginning his bread-and-butter investing technique was with short sale properties, but now he has become an expert in all sorts of transactions. If you are looking for someone who was able to earn a name in real estate, you must hear this episode!

Best Ever Tweet:

Finding a good property manager is essential and extremely difficult.

Shawn Petree's Real Estate Background:

Based in Phoenix, Arizona
Began investing in 1997 after high school and started his company by borrowing $40,000
Since then has closed over 350 transactions on all types of properties
Currently has 67 properties and 122 units

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Made Possible Because of Our Best Ever Sponsors:

You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at http://www.fundthatflip.com/bestever.

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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	Yet somehow only 19% of women reported feeling confident in selecting investments that align
0:11.0	with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.
0:23.7	InvestHircon is not just another real estate conference.
0:27.1	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.
0:56.6	That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-K-K-K-K-K-K-K-O-K-Kom,
1:00.6	Promo-Kod 100 best ever to get $100 off your ticket.
1:05.0	The lesson I've learned over time is to find a property, flip a property first.
1:11.0	If you can't flip it, then fix it and fill it.
1:14.0	Best ever listeners, before we get into today's episode of the interview with our best ever
1:18.9	guests, I want to mention Fun That Flip, because Fun That Flip is an online lender that gives you fast convenient access to really affordable money that you need for your flip project.
1:32.0	So if you're doing residential flips, then the main thing I imagine that you're focused on,
1:38.0	or the main two things, are the deal and the money.
1:42.0	So if you've got the deal pipeline but you need access to cash and
1:46.8	you want to build a reputation within a group that will continue to invest their dollars into your deals, then go to
1:56.8	Fund That Flip.com forward slash best ever.
2:01.6	The founder of Fund That Flip is Matt Rodack and he's actually one of my very first guests on the show. It's episode number seven.
2:09.0	So if you have a chance, go check that out too, familiarize yourself with Matt and what he's all about.
	...

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