Most real estate investors wait to save significant down payments on every property to grow their portfolios. But twenty-four-year-old Greyden Piechnick didn’t have time to wait. He knew creative financing was the only way. Troubled by his father’s serious health woes while still a high school senior, Greyden became extremely motivated to find financial freedom to spend quality time with his loved ones, and multifamily investing was the fastest way to reach this goal.
Greyden delivered pizzas, worked twelve-hour factory shifts, and lived at home to save $20,000, his first down payment on a duplex in 2021. Using the BiggerPockets podcasts and Facebook groups to level up his investing knowledge, he later closed on a nine-unit building using negotiating finesse and seller financing. Despite some BIG issues, Greyden’s efforts have yielded serious results with sizable cash flow at both properties!
Greyden’s real estate journey illustrates the power of creative financing and how anyone, starting from ANY point, can invest! Through hard work, he’s crafted a lifestyle that fits his vision of what’s truly important. If you don’t want to wait another second to get on track to financial freedom, follow in Greyden’s footsteps!
In This Episode We Cover
How to start investing in real estate at a young age, even with NO experience and little money
The power of creative financing and using it to buy bigger, better properties
One expensive lesson Greyden had to learn that YOU should avoid at all costs
How to negotiate seller financing terms that are a win-win for you AND the seller
Funding your down payments with private money (and how to find private money lenders!)
And So Much More!
(00:00) Intro
(01:03) A Huge Wake-Up Call
(02:29) Delivering Pizzas and Factory Shifts
(05:51) Buying the First Rental Property
(08:30) 9-Unit Seller Finance Deal!
(15:30) Negotiating the Price and Down
(22:59) Finding Private Money
(24:19) Real Estate Negotiation Tips
(27:14) ash Flow Numbers!
(28:13) Expensive Lessons Learned
(31:02) Self-Managing vs. Property Management
(33:57) What's Next for Greyden?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-420
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Real Estate Rookie