174: Lessons Learned From 2,000+ Transactions Over 44 Years with Dave Short

May 12, 2016

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Around BiggerPockets, we often encourage newer investors to sit down with an experienced real estate investor to “pick their brain” and soak up their wisdom. Today on the BiggerPockets Podcast, we want to do just that. Dave Short began investing in real estate nearly half a century ago and has an incredible level of insight into the ups and downs of building wealth through real estate. We cover everything from overcoming failure to flipping a hundred houses in four years and much more!

In This Episode We Cover:

How he got started in real estate from a factory job 44 years ago
The grave need for property management and liquidating their business
Thoughts on going through investing with over a million dollars in debt
Tips for making partners instead of having bank relationships
How help from the outside opened his eyes
Why you should stay in the game despite failures
The importance of working with the right people
How many transactions he has done over his real estate career
How he flips a house
Who’s on his team
How to hook a spouse on investing in real estate
How he buys his deals
How to get a good transaction as a wholesaler
Making a deal by solving other people’s problems
How to show yourself to be legit as a wholesaler
Why you should find a veteran investor in your market
What “pre-habbing” a house is
And SO much more!

Links from the Show

Books Mentioned in this Show

The 4-Hour Workweek by Timothy Ferriss
The Book on Rental Property Investing by Brandon Turner
The ONE Thing by Gary Keller and Jay Papasan
The Millionaire Real Estate Investor by Gary Keller
Burst This! by Frank McKinney
Unlimited Power by Anthony Robbins
Awaken the Giant Within by Tony Robbins

Tweetable Topics:

“The management is the key to success, and real estate is just the vehicle.” (Tweet This!)
“In buying and selling real estate, every house has 2 to 4 solutions.” (Tweet This!)
“The beauty in staying in the real estate business for 44 years is if you’re in a slump for 4 years, that’s only 10% of your career.” (Tweet This!)
“If you can’t ask the right questions, then you’ll never get to the solution.” (Tweet This!)
“I never look at them as competition. They’re people we work together with, and we can all make a living.” (Tweet This!)

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