This video was fun to produce. I met David Fisher about 6 months ago when he joined Lifestyles Unlimited. He and his wife were one of my first students.
While most people are very reserved when it comes to starting out in real estate investing; David is just the opposite. He studied what we were teaching long enough to understand it and believe in it and he took decisive action.
He dove right into this single-family investment project; which had a pretty ambitious rehab for a 1st time investor. It was kind of funny, because when I met him at the property for the “before” footage; he was covered in sweat. He had gotten a little bit over his head on the rehab and he later admitted that he took on too much on his own.
By the time of the “after” footage, he was in much better spirits! He had just pulled off a very dramatic improvement and was glowing in his success. He told me that on the next one, he would contract out all the rehab.
One of the wisest mentors I have, Chuy Terrazas, once said: “If you have tool in your hand, you’re losing money.” That’s great advice and a lesson that David learned the hard way.
Enjoy the video and check out how much better the property looks after rehab!
{ 3 comments… read them below or add one }
Hi,
It would be good to know how he raised the money for more?
Do you use a bridge loan?
I am very impressed with this site.
I have often thought about doing something like this.
My obstacles are:
1) Poverty
2) I am a disabled in a chair from a childhood disease
3) I am not mechanically inclined, and am red/green color blind.
But, still, in this day and age, even though the banks have turned me down for a car loan, there must be something I can do to follow up on this opportunity.
I am ready to do this full bore, if I can find the capital to get into it.
I’ll be watching this site for a reply.
My only ray of real hope is that I have won a scholarship to Linda Christas College sponsored by ToysPeriod, so I am grateful for that…(and rather proud of myself to tell the truth)
I won it by designing a toy made of Lego which ToysPeriod thought was worthy of a scholarship.
But, that doesn’t take care of my financial need which is substantial.
I would like to do this, if you can see a way.
that’s a happy guy there then. Gaston, there are a ton of things you can do online that can make you money with or without a degree. Most of the people I see making it are hard workers and focused on their goals, whatever they are.