The Real Estate Syndication Show WS1555: How I Started My RE Journey in High School | Dave Codrea
How early should you start your real estate business? What are the things you need to know before starting one? Who do you need to surround yourself with to be knowledgeable in this space? We answer all these questions today with Dave Codrea of Atlanta-based real estate investment firm, Greenleaf.
In the first part of our three-part series with Dave Codrea of Greenleaf, he details how he began his real estate journey as a senior in high school. He shares that his family influenced him to be an entrepreneur and that his grandmother helped him when he was in high school to buy his first rental property. He then discusses moving to Atlanta, being an operator, and establishing himself in the Atlanta market.
Key Points From This Episode:
- Dave shares that he bought his first real estate, a rental property when he was a senior in high school with the help of his grandmother.
- How Dave’s family influenced him to start early in the real estate business.
- Dave talks about his portfolio before moving to Atlanta.
- Dave shares that he started as an operator in Atlanta.
- How did Dave establish himself in the Atlanta market?
- Dave talks about the importance of having a mentor.
- How do you find the right mentor?
- Reaching out to people and giving them value is the best way to start in the real estate space.
- Dave gives tips about scaling.
- How has Dave’s business strategy changed over the years?
- Why knowing what you’re good at can be beneficial?
- Dave shares his deal criteria.
Tweetables:
“My grandmother was a real estate agent back when I was in high school. And I always love looking at this stuff. And, I was trying to find like what am I going to, where am I going to go in life, right? And real estate was something that always intrigued me.”
“Management really led the way of understanding the market, seeing what's out there, and meeting people in the space.”
“If you're going to start out in real estate, most of the people you meet that are successful in real estate, they're like, ‘Oh, I've been doing it for 50 years, you can't fast forward 50 years, you've got to start at some point.’”
“We operate everything that we own. So if we can't operate it, we're going to run into some challenges. So we don't buy that stuff.”
Links Mentioned in Today’s Episode:
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