Episode 81 – Doug Depte: How to Make Millions In Real Estate Investing Using O.P.M.

Real estate investing is a hot topic right now for many people who are looking to build wealth.

Unfortunately, many of us let obstacles stop us from even trying: Lack of knowledge, fear of using credit, fear of losing money and more stop us.

In this investing strategy-filled episode with Doug Depte, you’ll learn how to break out of all of those obstacles.

In fact, you’ll learn how to use these obstacles (credit, knowledge, and relationships to make even more deals. Doug breaks down the strategy he used for his first few deals and how he hacked that strategy to make even more money throughout the process.

If you’ve read through all of the real estate investing posts and need new strategies or are a newbie real estate investor looking for a different way to get started, this episode has plenty to offer you.

 

Here’s What You Missed

  • How do you get started in real estate in 30-60 days?
  • Saving up for first deal
  • Should I leave my job for real estate?
  • Newbie real estate investor mistakes to avoid
  • Analyzing deals-How do you do that?
  • Where do I find deals?
  • Hacking real estate financing with credit
  • How to make money in real estate with other people’s money
  • Making profit on the front end and the back end of the real estate deal
  • Is now a good time to buy real estate?

 

Important Podcast Moments

[1:18] Origin Stories: Doug’s journey from kid who loved real estate open houses to a man making millions managing them

[2:40] Why real estate?

[9:05] Balancing a full-time job and real estate

[11:00] Getting started in real estate

[13:16] How do I get the money for a real estate deal?

[14:43] What mistakes should I avoid as a first-time investor?

[16:36] How do you analyze a deal?

[18:52] How do I find real estate deals?

[26:27] Real estate investing strategies using credit & OPM (Other People’s Money)

[39:53] Why now is the best to invest in real estate- and how to do it

[41:37] Setting your rent limits

 

Important Links to Check Out

The Richest Man in Babylon

Rich Dad, Poor Dad

Zillow

Redfin

The Automatic Millionaire

 

Guest Bio

Doug Depte is a former worker in the finance industry who became a real estate investor during his lunch break and downtime at work. Currently, he is the owner of FLD Properties who also teaches advanced real estate investing strategies.

 

Doug Depute’s website

Doug Depte on YouTube

Doug Depte on Instagram

Doug Depte on Twitter

 

Checking In With #DreamNation

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Catch your host on Instagram (@casanova_brooks).

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