BiggerPockets Podcast 139: Getting Started as a Businessman, Not a Handyman with Fat Tony

BiggerPockets Podcast 139: Getting Started as a Businessman, Not a Handyman with Fat Tony

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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:

b2rfinance-logoWe 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:

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  • 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

Books Mentioned in this Show

Tweetable Topics:

  • “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!)

Connect with Fat Tony