Profit Strategy: Buy & hold out of state using property management company
Number of Units: 12
Prior Experience: None. He had attended other real estate seminars in the past, then did this first deal 1 month after attending Lance’s BMSA LIVE boot camp.
Personal Money Invested: $0. Found private investor.
Single most important thing learned: “The first step is the hardest. One of the things I really appreciated about Lance’s boot camp was he clearly understood whatever you do to get your first deal done is the most important thing for somebody to be a successful real estate investor… because if you don’t do you first deal, you’ll never do any deal… Once you’ve done your first deal, you’ll realize you can do it!”
90 Day Challenge winner!
A serial entrepreneur who had been dealing with 3D imaging and web audits for 20 years, Jim got interested in real estate because he was looking for something to give him passive income without showing up to work. He had read a number of books and attended other real estate seminars but then start looking into apartments one month after attending Lance's boot camp and successfully did his first multifamily deal! Resident of CA, he was looking for a property with a strong cap rate and cash flow so purchased this apartment using private money out of state with the intention to buy & hold using a property manager. Looking ahead, he would like to accumulate more properties!