BiggerPockets Podcast 199: 25 Doors by Age 25 with Houssein Al-Eidan

BiggerPockets Podcast 199: 25 Doors by Age 25 with Houssein Al-Eidan

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Real estate investing is no longer just for older generations! Today on the BiggerPockets Podcast, we sit down with Houssein Al-Eidan, an accountant from the St Louis area who has purchased 25 rental units — and he’s just turning 25 years old this month! You’ll hear Houssein’s unique strategy of buying lower-price properties (many from auctions) and using a variety of strategies to increase his returns (including AirBnB and even leaving some properties vacant!). This show is bound to leave you inspired to expand your own real estate portfolio — no matter what age you are.

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This Show Sponsored By

We just waRealtySharesnted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!

Learn more by visiting RealtyShares.com/biggerpockets!

Fire Round Sponsor

freshlogoA huge thanks as well to our Fire Round sponsor FreshBooks.
FreshBooks customers spend less time on paperwork, freeing up 2 days per month to focus on the work they love. What would you do with that extra time?

Learn more by visiting FreshBooks.

In This Episode We Cover:

  • How Houssein found BiggerPockets
  • How he relocated from Kuwait to St. Louis (and why)
  • How he discovered real estate through TV shows
  • What his first deal was like
  • How he dealt with a complicated foreclosed property with an existing tenant
  • The total number of deals he’ve done so far in the past year
  • How his numbers look for his condo units
  • What his game plan is after buying so much property
  • How he funds these properties through seller financing
  • The importance of understanding the seller’s motivation
  • Tips on Airbnb properties
  • How be built a team for delegation
  • A word of caution in this type of investing
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “The first purchase may not be always be the best.” (Tweet This!)
  • “Once you understand the seller’s motivation, from there you can customize a plan.” (Tweet This!)

Connect with Houssein

Show Preview

Real estate investing is no longer just for older generations! Today on the BiggerPockets Podcast, we sit down with Houssein Al-Eidan, an accountant from the St Louis area who has […]