Over 25 seller financed deals in a few short years! Today’s guest, former service member (and diamond pushup world record holder) Gabriel Hamel, sits down with Brandon and David to share how he built a portfolio of over 140 units (in an expensive market) using creative methods and seller financing to make deals where other investors miss them!
Gabriel shares how he started investing in a tough market and used sub-prime lending (successfully) to house hack his first few properties. He gives some awesome advice on approaching sellers with seller financing proposals, structuring the offers, and showing them how it’s a win-win. He also gives great advice on finding gentrifying markets, walking away from closings with money in his pocket, and applying a mindset to real estate investing that helps him succeed in all aspects of life! Gabriel has very practical, down-to-earth, useful advice and shares it willingly.
This is an episode for both newbies and experienced investors to download today!
Listen to the full episode here: http://biggerpockets.com/show344
In This Episode We Cover:
Started with sub-prime lending and it worked out
House hacked his first and second home
Owns 140 units now
How he got started buying properties in a scary market from 2009-2012
Why he began with seller financing
How he found his first off-market deals
Seller financing wizardry
What he looks for in improving neighborhoods
How he’s been able to walk away with cash at closing—better than no money
Why he focuses more on terms than just price
His advice for having a success mindset in ALL areas of life
What he looks for in a deal
How he scaled to over 100 units
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Brandon's Instagram
David's Instagram
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