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Welcome back to the Real Estate Investing School Podcast! This Real Deal episode focuses on a specific real estate deal in Southern Utah involving Eric Gubler and Brydger Purdy. Part one of this two-part episode, starts with Eric's perspective.
Eric is a seasoned real estate agent with eight years of experience, but in this episode he shares his unique deal, which he describes as the first of its kind he has encountered. He explains how a mastermind event introduced him to an innovative way of structuring a deal, leveraging his real estate commission as part of the down payment while his partner, Brydger, provided the remaining funds. This creative financing method enabled them to purchase a property with minimal upfront investment, ultimately leading to significant cash flow from renting out additional rooms. Eric emphasizes the importance of knowing one's numbers and being open to creative solutions to make real estate investments work.
Throughout the episode, Brody and Eric discuss the various aspects of the deal, including the challenges they faced, the strategies they used, and the mindset required to succeed in real estate investing. They highlight the importance of persistence, adaptability, and continuous learning in the journey of building a successful real estate portfolio. The conversation also touches on the broader implications of such deals, suggesting that with the right approach and mindset, anyone can replicate similar success in real estate investing, regardless of their initial circumstances.
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