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Cody Sperber started investing in real estate with no money to his name. Now, he’s done hundreds of millions in deals.
Beginning his investment journey with $30,000 worth of credit card debt and a “hustler’s attitude,” Sperber did his first deal wholesaling, an investment strategy in which an investor finds heavily discounted real estate and then sells it to a cash buyer. He turned the deal into a $40,000 profit, and eventually began rehabbing houses, similar to what you’d see on home renovation shows.
Along the way, he would cherry-pick his best deals to keep as rentals, too.
Sporting the nickname the “clever investor,” Sperber utilizes a number of investment strategies from flipping to wholesaling to renting. He shared his top three tips for anyone who’s just getting started investing in real estate.
1. Get educated
It’s critical that beginners equip themselves with the right tools to get deals done, according to Sperber.
For instance, Sperber said, he started his real estate investment journey flying all over the country, going to seminars and workshops, and buying dozens of courses trying to get started.
Attending a real estate seminar in San Francisco put on by a real estate guru named Jack Miller was a …read more
Source:: Businessinsider – Finance