David Fisher's 1st Investment Property Captures $29k in Equity!
From the Genius Types archive. Originally published December 18, 2009.
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!
