Business
Today I had the pleasure of speaking with Real Estate investor, speaker, and coach, David Grabiner. David invested in his first property in 2014 with his dad and, in less than six years, has scaled and built a portfolio of more than $15 million after learning to manage over 150 units by himself while living abroad. Let’s jump into David’s story to learn how your experiences can be your best resource and get useful hacks that can help you manage multiple properties. Things you will learn in this episode: [00:01 - 06:58] Opening Segment I welcome our guest, David Grabiner, to the show Invested from a far, to and from Africa David tells us a bit of his story Moved to Zambia at 10. He continued moving back forth from Africa to America Worked as a hospital administrator Mr. Money Mustache Is a part of the F.I.R.E community (Financial Independence and Early Retirement) Decided to invest in Real Estate Buying his first property Bought a quadplex for 125,000 while in Africa Used Google Voice to come up with a local number [06:59 - 19:02] Learning to Manage and Keeping Things Full David talks about his start in managing properties Surviving off of management fee and passive income Started managing more than 150 units with a non-profit Work well with people and kept things full Currently working 200 units David talks about how he educated himself Biggerpockets.com Billionaire Real Estate Investor Didn’t do mentorship I talk about my experience investing in Multifamily while abroad Learn by doing David talks about using all different resources Use your experiences David’s experience in the Congo [19:03 - 33:10] Never Give Up on a Good Deal David talks about his current strategy Continuing to build his portfolio for competitive advantage Multifamily complexes David tells a story about his 24 unit property The seller’s lawyer would not let him do an appraisal $1.2 M - 24 units but no appraisal Sat down with the owner and negotiated for a purchase sales agreement Finally sent a purchase and sales agreement at closing Fully confident it would work out David talks about his process to scale Rently Manager and Facebook Marketplace Pre -vetting and application [33:11 - 36:58] Call To Action Three closing questions Favorite book to give out Secrets of a Millionaire Mind “Thoughts lead to feelings, feelings lead to actions and actions lead to results” What is a Pain Point in your business? Wishing there was more supply in the market If you were to live abroad, where would it be? New Zealand For outdoor life Best way to connect with David Links below Call to Action Tweetable Quotes: “I’ve heard people say you can’t manage more than 50 units yourself, and I’m just like, I’m managing 174… I realized it was really just about handling people, working with people, and keeping things full.” - David Grabiner “I’m kinda happy that I didn’t try to model myself after someone else. Because we’re all individuals; we’re all gonna do things a little bit different. And if I tried to follow someone else I probably wouldn’t have led down the path I’m at now.” - David Grabiner Resources mentioned in the episode: Mr. Money Mustache Google Voice Biggerpockets.com Billionaire Real Estate Investor Rently Manager Secrets of a Millionaire Mind Visit Elite Podcast Bookings, the #1 Real Estate Podcast Booking service, and get 25% off with our new Economy Plan. You can connect with David on Instagram and shoot him a DM. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes. To know more about me and all the real estate opportunities you can find, check out my website at MatthewBaltzell.com. Book a free 15-minute call with me. Click here!