Think you need a high-paying job or a large savings account to break into real estate investing? You don’t! Today’s guest was delivering groceries for Instacart and mounting TVs for Geek Squad shortly before landing multiple seven-figure real estate deals, and in this episode, he’ll show YOU how to do the same—no matter your starting point!
Welcome back to the Real Estate Rookie podcast! Tired of working dead-end jobs and struggling to make ends meet, Jordan Scroggins knew he had to make some major life changes if he wanted to start and support a family. He discovered BiggerPockets, absorbed as much information as he could, and then finally got his foot in the door by landing a job in real estate. Since then, Jordan has been able to take down two seven-figure properties—not with a massive bank account, but through the power of creative financing.
Despite his best efforts, Jordan’s journey has been anything but smooth. Stay tuned to hear about a property lien that caused him to pass on his first deal, what he learned from a $200,000 loss on a mixed-use building, and what all rookies should know before stepping into the world of commercial real estate!
In This Episode We Cover
How Jordan went from earning $17.50/hour to buying multiple properties
Funding seven-figure deals through the power of creative financing
Building your real estate portfolio fast with commercial properties
What every rookie should know before forming a real estate partnership
Jordan’s biggest lessons learned after losing money on TWO properties
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-608
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