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441: Turning $5,000 Into 50+ Doors and a 7-Figure Net Worth Before the Age of 30 w/Cody Caswell

441: Turning $5,000 Into 50+ Doors and a 7-Figure Net Worth Before the Age of 30 w/Cody Caswell

FromReal Estate Rookie


441: Turning $5,000 Into 50+ Doors and a 7-Figure Net Worth Before the Age of 30 w/Cody Caswell

FromReal Estate Rookie

ratings:
Length:
28 minutes
Released:
Aug 7, 2024
Format:
Podcast episode

Description

You don’t need a huge inheritance or nest egg to start investing in real estate. Just ask Cody Caswell, who landed his first deal at sixteen years old with only $5,000. This property gave him instant cash flow, but more importantly, it gave him a launchpad to develop his skills, find better deals, and scale from mobile homes to multifamily!
Welcome back to the Real Estate Rookie podcast! Cody started small, but today, he flips fifteen houses per year, owns a fifty-six-unit apartment complex, and even runs an interior design business—all before the age of thirty. The secret to his seven-figure success? He spent most of his twenties dabbling in virtually every investing strategy until he found the one that aligned with his strengths and interests. The best part? His approach is relatively low-risk and highly repeatable!
In this episode, Cody will share the best entry points for buy and hold investing, the BRRRR method, and flipping houses. Whether you’re brand-new to the world of real estate or you’re ready to pull the trigger on your first property, tune in to hear about his real estate journey, some critical mistakes to avoid, and what makes a “good” deal!

In This Episode We Cover:
How Cody turned a $5,000 investment into a portfolio of over fifty units
How to build and scale your real estate business from little or no money
The perfect starter investment properties (and how to find them!)
The fastest way to double your cash and get MORE money to scale
Why time in the market is more important than timing the market
And So Much More!

Links from the Show
Ashley's BiggerPockets Profile
Noah's BiggerPockets Profile
Buy “The Book on Flipping Houses”
Find an Investor-Friendly Agent in Your Area
See Ashley and Noah at BPCON2024 in Cancun!
Investing in Mobile Homes: What Investors Need to Know

(00:00) Intro
(01:29) Investing at 16?!
(06:47) BRRRRing & Scaling at 18
(10:23) Flipping Houses & Cody’s Strategy
(15:41) Advice for New Investors
(19:19) Connect with Cody!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-441
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Aug 7, 2024
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.