Real Estate Investing with Coach Carson #364: Meet Darius: From $10k & ZERO Knowledge to 9 Rentals in 6 Years
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Oct 7, 2024 In this insightful discussion, Darius Keller, a real estate investor from Pontiac, Michigan, shares his remarkable journey from starting with just $10,000 to owning nine rental properties in six years. He dives into the creative financing strategies that helped him thrive during economic downturns. Darius emphasizes the importance of hands-on learning and mastering DIY renovations, reveals opportunities in undervalued neighborhoods, and discusses the challenges of tenant management while maintaining rental income.
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First Investment
- In 2014, Darius bought his first house for $9,100 on HomePath.com, motivated by cutting costs and affording student loans.
- This house, located in Pontiac, Michigan, required significant renovations, costing him around $25,000 despite doing the work himself.
Pontiac's Market Rebound
- Pontiac, Michigan experienced a downturn but has since seen significant growth, partly due to new companies like Amazon.
- This growth has led to a substantial increase in property values.
Be Contrarian
- Look for opportunities during market downturns when others are hesitant.
- Darius saw potential in Pontiac's struggling market and capitalized on low property prices.