Action Academy | Replace The Job You Hate With A Life You Love How A 24 Year Old Acquired 396 Units (In Under 4 Years) w/ Donato Callahan
Mar 28, 2024
Donato Callahan, a multifamily investor, shares his journey from college to financial independence, discussing acquiring units, commercial real estate deals, transitioning to multifamily investing for rapid growth, navigating challenges in real estate acquisitions, loan assumptions, and contrasts between bridge and agency debt. He emphasizes mindset, community, partnerships, overcoming limiting beliefs, and optimizing real estate deals.
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Early Real Estate Start
- Donato started investing in real estate at 22 by buying a fourplex for $270,000 on his birthday.
- He lived in one unit and rented out the others, creating passive income while finishing college.
Leverage Experienced Mentors
- Talk to 10 people with 10 years experience to gain 100 years of wisdom.
- This accelerates learning and avoids the mistakes of beginners.
Persistence Lands Big Deal
- Donato formed a six-person team and analyzed about 95 deals in three months.
- This persistence led to buying a 172-unit building for about $15.5 million.