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The Best Ever CRE Show

JF608: How This 22 Year Old Broker is Flipping Houses Full Time

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 2 May 2016

⏱️ 31 minutes

🧾️ Download transcript

Summary

He's young, but him and his parents are partners and flip properties in the Southern California market. He's not so novice anymore so don't let his age fool you; hear how he purchased an office retail building for $30 a square foot! Best Ever Tweet: Use other people's money. David Friedman real estate background: He is 22 years old and started flipping at 18 years old Now flipping seven homes every three months Is a broker and his biz partner is his father Before real estate he was a DJ for 7 years Based in San Bernardino, California Say hi to him at dfbuyshouses.com Best Ever book: The Gunslinger by Stephen King Please Take 4 Min and Rate and Review the Best Ever Show in iTunes.  Listen to all episodes and get a FREE crash course on real estate investing at:http://www.joefairless.com Need financing? Are you a buy-and-hold investor or doing fix and flips? I recommend talking to Lima One Capital. A Best Ever Guest told me about them after I asked how he financed 10 properties in one year. They are an asset-based lender with unique programs for long-term hold and fix and flippers. Click to learn more or, better yet, reach out to Cortney Newmans at Lima One Capital. His cell is 404.824.6121. Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg Subscribe in iTunes  and  Stitcher  so you don’t miss an episode! 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

Yet somehow only 19% of women reported feeling confident in selecting investments that align

0:11.0

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0:23.7

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0:27.1

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0:35.5

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

0:40.0

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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

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1:00.6

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1:05.0

Probably the most valuable role is being able to actually find a deal.

1:09.0

There's a lot of people out there that are peddling deals that aren't really deals.

1:12.6

So being able to get your numbers together and figure out where you need to buy

1:16.8

to actually make money is extremely important.

1:20.1

Best ever listeners, I want to mention Lima One Capital and I found out about them

1:24.3

through a guest that I was interviewing on the show and he mentioned how he was scaling

1:29.3

his business. He was actually buying 10 single family homes within one year and I asked him how were

1:36.6

you able to buy 10 single family homes and how are you financing that he's like oh well I just

1:40.9

use an asset-based lender I was like who is that and he told me it's a

1:45.3

Lima one capital I reached out to them afterwards got to know them and they are the

1:50.4

sponsor of today's episode because they've got some unique lending programs.

...

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