Episode 134 – 40 Rental Units, 20 Under Contract and 10 Flips Per Year with Henry Washington

Super fire show.  This brother got started with little to nothing and scaled it by chasing DEALS not money and credit.  

He considers his company a deal finding company not a real estate company with the understanding that if you have a deal you will never starve.  

Key points from the show: 

Figure out a way to not be broke forever

Just start telling people what you do even if you have never done a deal

Figure it out

Used a $19,000 401k loan to do his first deal and then rolled the equity into more deals

There is a way but if you aren’t in the right circles you won’t figure it out

Buy something that can pay you and pay your bills

Least profitable deal was the most valuable deal

We sometimes think that the barrier to entry is more difficult than it is

The cashflow didn’t make the full payment but he bought it with equity

There are so many benefits to doing the first deal

Selling ONE door to buy twenty

Leverage seller financing with retiring owners

My business is a deal finding business – I focus on finding good deals

If I can make good deals, I can make money

If they don’t have a reason to sell at a discount, they need a realtor they don’t need you

Filter for equity

Don’t buy a house, buy a situation

Find a way to give the seller what they want

No steps backwards, they are all steps forward

Henry can be found on IG @independencerealtygroup

Rashauna can be found @rashaunascott

Milli can be found: @partnerwithmilli and @todd.capital

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