In today’s episode, host Tony J. Robinson interviews Dan Brisse, a form X-Games medalist who transitioned from his professional sports career to become a real estate investor.
Dan shares:
- How (and why) he built up the courage to leave his career as a professional snowboarder and transition to becoming a real estate investor
- Why he quickly scaled from buying a duplex to buying an apartment complex with 100+ doors
- The huge impact that having a coach played in real estate investing career
- How the mindset he developed as a professional athlete translated to his investing career
- And so much more!
Social:
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YourFirstRealEstateInvestment.com/
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Podcast
Pre-Show Notes:
Podcast Intro:
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If you’re enjoying the show, please leave a rating and review on iTunes or wherever you listen
I wrote a super detailed guide of MY first real estate investment, and it’s available for free for all of your. Just head over to YourFirstRealEstateInvestment.com/Start to pick that up.
Interview:
Possible Questions:
Overview:
If you could go back in time and talk to NAME before you closed on your first deal, what advice would you have for yourself?
- Person Overview
- Tell us a little bit about yourself, when you’re not working in real estate, how are you spending your time? –
- What made you choose real estate as your path to financial freedom? – Read
- Deal Overview
- What Market? –
- Building Type (SFR, MF, etc.) –
- Strategy (Buy & Hold, Fix and Flip, Wholesale, BRRRR, etc.) –
- Purchase Price –
- Rehab Costs –
- All-In Costs –
- Cash Flow (if rental) –
- Profit (if flipped) –
Prior to Close:
- Market Selection:
- How did you choose your market? –
- How did you go about building your team? –
- Deal Flow
- How did you find this deal? –
- How did you negotiate to get the best deal? –
- What analysis did you run on the property to determine if it was a good deal or not? (What tools did you use) –
- Financing
- What funds did you use to purchase the property? (Savings, Private Money, HELOC, etc) –
- If you saved the money, what lifestyle sacrifices did you have to make to be able to save the amount you needed? –
- If HELOC, what fear did you have surrounding using your personal home as collateral for your first investment, and how did you overcome that fear? –
- Where did you find your private money lender? –
Post Close:
- You choose your market, you build your team, find your deal, arrange the financing, and then your deal finally closes. And now you’re the owner of your very first investment property and you have the keys in your hand, what happens from there? –
- Rehab
- How did you find a contractor and how did you vet them? –
- How did you fund the rehab portion? –
- How did you determine what level of rehab to do? Put another way, how did you avoid doing too little vs doing too much? –
- Property Management
- Are you self managing or do you have PM in place? –
- If self-managing, have you ever managed a property prior to this rental? If not, how did you go about educating yourself on what to do next? –
- How do you market for tenants? –
- How did you screen your tenants? –
- How did you create your lease? –
- Mind Set
- How much time passed between the day you decided to invest real estate and the day you closed your first deal? –
- What was the biggest shift in mindset that you had to make? –
- What helped you overcome those mindset obstacles? –
- Lessons Learned
- Knowing what you now know, what would you do differently if you could start this deal over? –
OUTRO
- Contact Info
- Where can people go to get in touch with you? –
You can find the show notes for today’s episode that contains links to everything we discussed today at YourFirstRealEstateInvestment.com/XXX