The BetterLife Podcast: Wealth | Real Estate Investing | Life
This 21 Yr Old Made $100K on His First Real Estate Deal | Ep. 105 w/ Jesse Nguyen
Dec 17, 2024
Jesse Nguyen, a young and successful real estate investor known for his innovative strategies, shares his remarkable journey from mowing lawns to making $100K on his first deal. He discusses the challenges faced during the pandemic and the critical role of mentorship and networking. Jesse dives into innovative strategies like novation, emphasizing transparency in transactions. He also addresses the importance of financial management for young investors and shares personal insights on navigating life changes while pursuing financial freedom.
01:38:12
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Quick takeaways
- Jesse Nguyen's journey illustrates that a strong work ethic and determination from a young age can lead to substantial success in real estate.
- Building relationships with mentors, regardless of age, fosters personal and professional growth by sharing valuable insights and experiences.
Deep dives
Lessons Learned from Real Estate Hurdles
2022 presented significant challenges in the journey of real estate investment, with numerous setbacks such as homes running over budget and timelines. Despite struggling with timelines, one deal still yielded a profit of $30,000, primarily due to favorable market conditions. This situation highlighted the importance of acknowledging market fluctuations and how they can impact success. It serves as a reminder that market dynamics can sometimes play a larger role in investment success than the investor's skill alone.
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