Many people struggle to get started, especially when they live in an expensive market. That’s why today on the BiggerPockets Podcast we’re excited to bring you this interview with a newer investor who’s figuring out how to make a passive investment business despite living in one of the most expensive cities in America. You’ll learn how Fat Tony (yes, that’s really what he goes by!) invests in out-of-state deals and how mindset has played a major role in his early success.
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This Show Sponsored By:
We just wanted to give a shout out to our podcast sponsor on today’s show: B2R Finance
A new commercial lender offering loans specifically for rental investors. B2R Finance could help you unlock equity from existing properties so you can get cash out now.
Learn more by visiting: B2RFinance.com
In This Episode We Cover:
- Who is Fat Tony, and what’s with the name?
- How he got started in real estate investing
- Why it all starts with changing your mindset
- The value of continuing education
- His first deal: a short sale
- Whether it’s worth it to look into condos
- How to start doing the things you need to do
- The importance of tracking your net worth
- Why you should view real estate as a long term play
- What it takes to successfully invest out of state
- The importance of working with people who you can trust
- Why all investors should have cash reserves
- Why Tony believes in buying site unseen
- The worth of his properties today
- Tips for finding people who share the same mindset
- And SO much more!
Links from the Show
- Want to be our sponsor? Email here
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast
- BP Podcast 134: Creative Finance and Gaining a Millionaire Mindset with Pro BMX Rider Terry Adams
- The Secret
- BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli
Books Mentioned in this Show
- Brandon Turner’s Investing With No or Low Money Down
- Secrets of the Millionaire Mind by T. Harv Eker
- Rich Dad Poor Dad by Robert T. Kiyosaki
- What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
- The 4-Hour Workweek by Timothy Ferriss
- “I’m a businessman, not a handyman. And I’m okay with that.” (Tweet This!)
- “There’s gotta be a way. Other people are doing it. I just need to figure out the way.” (Tweet This!)