BiggerPockets Real Estate Podcast 554: 81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis
Jan 6, 2022
Join Cody Davis, a remarkable 21-year-old real estate investor who has amassed 81 units in just three years using on-market properties and seller financing. He shares his insights on discovering profitable deals in the public housing market and emphasizes the power of relationship marketing over traditional sales tactics. Learn how building genuine connections with sellers can lead to cash flowing properties, the value of perseverance, and strategies for navigating financing without banks. Cody's journey proves age is just a number when it comes to success!
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First Deal at 19
- Cody Davis bought his first property, a 12-plex, at 19 through seller financing after a 22-unit deal fell through.
- This initial setback fueled him to search the MLS for seller-financed properties, leading to his first successful acquisition.
Embrace Setbacks, Learn and Grow
- Immerse yourself in the real estate world to gain experience and exposure.
- Don't give up when deals fall apart; view setbacks as opportunities for growth and learning.
Relationship-Based Marketing
- Focus on building rapport with sellers and understanding their motivations beyond financial gains.
- Frame seller financing as an opportunity for them to contribute to your success and legacy, rather than a purely transactional deal.
