Real Estate Investing with Coach Carson
#364: Meet Darius: From $10k & ZERO Knowledge to 9 Rentals in 6 Years
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.
32:35
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Quick takeaways
- Darius transformed his financial situation by investing in distressed properties during an economic downturn, ultimately acquiring nine rentals within six years.
- He emphasized the importance of strategic financing and understanding local market dynamics for aspiring investors looking to achieve real estate success.
Deep dives
Darius Keller's Start in Real Estate
Darius Keller began his real estate journey in Pontiac, Michigan, during the city's recovery from an economic downturn. In 2014, he purchased his first home for just over $9,000, a strategic move to reduce his living expenses while preparing for impending student debt. Despite having no prior knowledge of home repairs or real estate, he leveraged his friendliness to connect with a skilled engineer who helped him learn the essentials of property renovation. This pivotal moment marked the beginning of his journey as he recognized the potential in distressed properties during a time when many were fearful of investing.
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