Why I shouldn't listen to the Biggerpockets podcast

"This is the bigger pockets podcast, SHOW, 250" 

I know what voice you just listened to that in because I hear it too my friend. I was never a huge fan of Grant Cardone until the 2nd time I listened to show 250. You see, I bought my first duplex about 6 months ago, up until that point I was listening to the podcast every show for 3 or 4 months leading up to closing. After closing I would listen to podcast every morning while at work, usually play one on my way in and listen to the end and start the day.

I constantly found myself wanting to quit my job, like daily, every morning, every hour, "Drake, quit your job, you can do this, you have a duplex". I have 1 duplex gutted, it didn't even have heat at the time.  I decided to take a step back from the podcast, because I couldn't quit my job and they were just too motivating for me, I didn't know how to handle it. I was able to gather myself after a couple months, get in touch with my emotions and realize I can listen, a job is part of the plan, for now. So, I started listening again.

After about a month of listening, I realized one day there is one thing that is constant, all these guys make offers, a lot of offers. I had only ever made 1 offer, on 1 property. I then told myself after a podcast episode I was going to make 100 ridiculous offers on properties site unseen, put in a clause that before earnest money would be given my business partner would need to agree on the property. "Little did they know my business partner was my cat." Which I had heard in a podcast previously. 

Having my real estate license, I opened mls, told myself I will make 1 stupid offer a day until one is accepted. I had no financing, and most all of my cash is going into my current duplex. Doesn't matter Drake, find the deal, money will come is what they say. So day one I open my computer mls search, a torn up duplex populates I decided I would go look at. Not in the best part of town, but across the street from a hospital. Literally the closest house to the hospital in a square mile. I found that attractive about the property; probably the only thing. It was completely trashed, double eviction complete gut job, mice infested maybe rats. Asking $19,900, I looked around the street and noticed a community project was doing some work in the lot next to it.

Going back to my office did some research on the assessors site and found this community project had purchased the 3 lots next to the duplex's neighbor (one house sits between the duplex and the vacant 3 lots) they were going to develop these properties to help the community. I decided to continue with my theory, I told myself I would make an offer a day, what would I pay for this property. $7,500, offer sent, negotiation began, and long story short I now am closing on this duplex in 4 days for $9,000. This is a $9,000 risk I am willing to take at this point, and I can only blame the bigger pockets podcast for giving me the guts to set a goal, and obtain it on the first day, and getting me re-motivated to buy.  I now own 4 doors, have 0 tenants, and really need to get a plan together.  I called a new financing guy I had met through work networking, financing went to on a subject-to appraisal which so far seems like a good product, I decided to take 30k to rehab the property into a buy and hold on the appraisal of 52k, and we will see where it goes from here.

I won't say thank you just yet bigger pockets podcast, but I will keep listening.