Real Estate Rookie 27: 5 Doors by Using Seller Financing for the First Time with Aaron Chapman
Aaron Chapman ran into major obstacles on his first 2 real estate deals... obstacles you might face as you launch your own investing career. Wouldn't you like to know how to react when you're turned down for a loan? Today, you'll learn how!
From a duplex purchase that seemed doomed when he lost his job while in escrow... to a triplex purchase that a bank wouldn't touch, this Louisville, KY investor breaks down how he reached 5 doors by age 24 – and his exact roadmap to reach financial independence by age 30!
Oh, and don't miss the story of how Aaron wound up on the show (hint: his fiance is the real MVP!). Before you go, here's a challenge for you: who in your market would make a great guest for this show? Send them over to biggerpockets.com/guest and we'll take a look at their application.
In This Episode We Cover:
- His "work backwards" plan for achieving financial freedom ($10k/month) by age 30
- Aaron's process for "driving for dollars"
- Living for free through house hacking
- Buying a "1% rule" triplex using seller financing
- How he achieved a 47% cash-on-cash return
- How he and his fiance adjusted when he lost his job while under contract on his first deal!
- Getting your spouse or partner interested in investing
- And SO much more!
Links from the Show
- Real Estate Rookie Facebook Group
- Felipe's Instagram
- Ashley's Instagram
- BiggerPockets Podcast
- BiggerPockets Money
- BiggerPockets Business
- BiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia
- Robert Kiyosaki
- Cozy
- Stessa
- Deal Check
- Deal Machine
- Zillow
Check the full show notes here: https://www.biggerpockets.com/rookie27
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