722: David Greene's Untold Story of 7-Day Workweeks to 7-Figure Net Worth
BiggerPockets Real Estate Podcast
Introduction
This is the Bigger Pockets Podcast Show live from Mexico. My philosophy is that building wealth is a three-pillar system. There's offense, there's defense, and they're investing. If you cannot save money, it doesn't matter how much money you make, you'll never be lucky.
Cash flow, cartels, building a real estate empire, and everything in between—this is the story that many have yet to hear. The world of a real estate investor can seem glamorous. There are always so many properties, cash flow, retreats, speaking events, and jam-packed, money-making schedules that most nine-to-five workers would be envious of. However, what you’re seeing is the result, not the journey. What about the seven-day work weeks, the night shifts, the financial stress, the bad tenants, and the failures? This is what made David Greene what he is today.
To most, David Greene is the epitome of an entrepreneur. He owns a multimillion-dollar real estate portfolio, multiple cash-flowing companies, and hosts the best real estate podcast ever (we’re not biased). But just fourteen years ago, this was far from his reality. David was waiting tables, working at restaurants, trying to become deputy sheriff, and had no real estate to speak of. He sacrificed almost every weekend to make more money so he one day could own his schedule.
In this episode, you’ll hear precisely how David hustled for years to buy his first property, how his first tenant stole thousands from him, the long nights he spent working overtime to save up even more, and how eventually everything clicked, and he started building wealth at record speed. If you want an authentic look into the making of a real estate tycoon without the rose-colored hindsight, this is the episode to tune into.
In This Episode We Cover:
Investing during the great recession and why most investors wouldn’t touch real estate
The worst first-rental property experience ever and why you NEED to screen your tenants
Why every investor needs to respect money, not just try to make more of it
Doing whatever you have to do to save up, invest, and build a brighter future for yourself
Building the BRRRR strategy and accidentally finding a way to recycle down payments
Out-of-state investing and how to pivot when your market becomes too expensive
Strengthening your financial foundation so you can invest wisely and work way less
Rob and David’s Russian-Mexican Spanish and how to confuse everyone in Latin America
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
Books Mentioned in the Show
BRRRR by David Greene
Long-Distance Real Estate Investing by David Greene
SCALE by David Greene
SKILL by David Greene
SOLD by David Greene
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-722
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