On today’s episode of the BiggerPockets Podcast, we are excited to introduce you to Graham Mink, a professional hockey player turned real estate investor from the state of Vermont. Graham shares the story of getting his first deal while traveling the world and his journey since that day. You’ll learn how he turned the lessons gained from house hacking into a profitable business managing tenants, being a real estate agent, and subdividing properties.
If you want to invaluable lessons about jumping into real estate investing, scaling your business, the ins and outs of financing your deals — and much more — then take a little time out of your day to hear this inspirational show!
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nted 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
A huge thanks as well to our Fire Round sponsor HomeSearch.
HomeSearch.com is an online marketplace committed to helping home buyers, sellers and investors achieve their real estate goals through utilizing an advanced auction platform.
Learn more by visiting HomeSearch
In This Episode We Cover:
- A bit about Graham and his professional hockey career
- What it’s like to transition from professional sports to real estate
- His first property and first tenant, thanks to his father!
- Details on refinancing a property
- What you should know about home equity lines of credit
- What exactly an FHA loan is
- How to use house hacking to create income
- Details on his second deal
- A discussion about the real estate market
- The ins and outs of finding the property that fits what you want to do
- How Graham subdivided a property
- The role BiggerPockets played Graham’s success
- How to execute a seller-financed deal
- The pros and cons of getting real estate license
- And SO much more!
Links from the Show:
- BiggerPockets is hiring!
- BiggerPockets Webinar Replays (for Pro)
- How to “Hack” Your Housing and Get Paid to Live for Free
- The Real Estate Market: How to Analyze and Predict Cycles
- The Real Key to Success is Cheating. Here’s How (and Why) To Cheat…
- BiggerPockets Podcast Show 118 with Grant Cardone
- BiggerPockets Forums
- BiggerPockets Calculators
Books Mentioned in this Show
- The Book on Flipping Houses by J Scott
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- Landlording on Auto-Pilot by Mike Butler
- Think and Grow Rich by Napoleon Hill
Tweetable Topics:
- “The one who pumps out slow and steady kind of wins the race.” (Tweet This!)
- “If you’re not making money, you’re not making money.” (Tweet This!)
- “Get your license, find a mentor… scrub toilets if you have to.” (Tweet This!)
- “Walk before you run.” (Tweet This!)
- “Everybody’s got some kind of advantage.” (Tweet This!)
- “When you seen an opportunity that you lose, it opens the door for something else.” (Tweet This!)
Connect with Graham
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9 Comments
Excellent info, Graham! This is one to listen to twice…so much solid advice. I will be sharing it with my buy and hold clients.
I also play hockey and am addicted to it, though there are a hundred miles of skill levels between you and me.
Great Podcast, keep it going!
Just took my sons to their first Hershey Bears game the other night Graham! Hockey and real estate investing seem to be the main topics around the dinner table. Great Podcast!
Great show guys! Thanks Graham!
Another great show with great content!
Great show as always. Can’t believe I bought the book a couple of days before I heard this podcast….!
Hey guys. Just found your show. Love it. One piece of feedback here. Going through the past episode. Learning a lot. I’ve heard you mention the 203k loan a few times. It is a great opportunity but it’s probably a good idea to make sure that your audience knows that the 203k loans are a lot of work to close. We got one for our primary residence. It got us into a house that we couldn’t have gotten otherwise, but it was difficult to find a lender who would accept them, we had to jump through a bunch of hoops and had a lot of trouble finding a contractor. Listeners should be prepared for a very long road. It took us months to close and we had a great down payment and good credit.
This is a great podcast. Thanks Graham. I really like the advice on being confident.
Great podcast! I also found the 50% rule outrageously high at first. I am thankful for BP though. Even though I haven’t bought a property yet I am able to make sure I don’t get into a bad deal. Most deals I ran rough numbers on don’t pass that rule of thumb or come close. I am excited to keep evaluating deals until I make my first purchase!