REI096: Flipping & Wholesaling w/ Derrick Acuff

Robert Leonard talks with Derrick Acuff about the lessons he learned from flipping and wholesaling real estate properties, how to manage many projects at once, some of the horror stories he’s experienced, how to find good contractors for deals and what red flags to watch out for when hiring one, what his strategy is for finding off-market deals, and much, much more! IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:36 - Why did Derrick make the transition into real estate full-time and what has it been like for him?  13:32 - What was his strategy when he first started in real estate, how has that evolved, and what is he working on now? 16:03 - What wholesaling is and why you could start it without a lot of money.  31:17 - When closing deals, how can new investors get over their fear of being nervous?  38:56 - What are some of the real estate horror stories Derrick experienced and how he got through them? And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Read the 9 Key Steps to Effective Personal Financial Management. Derrick Acuff’s Youtube channel.  Jeff Olson's book The Slight Edge. Robert Kiyosaki’s book Rich Dad Poor Dad. Ryan Pineda’s book Flip Your Future. Antoine Martel’s book A Millennial’s Guide to Investing in Cash Flowing Rental Properties. Alan Corey’s book House FIRE. David Greene’s book Buy, Rehab, Rent, Refinance, Repeat. Find great markets to invest in with Wiserei. Real estate education platform BiggerPockets. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: HelloFresh Fundrise Linkedin Marketing Solutions TurboTax NerdWallet NetSuite Connect with Robert: Website | Twitter | Instagram Connect with Derrick: Website | Instagram | TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

Millennial Investing by The Investor’s Podcast Network is hosted by Patrick Donley and Kyle Grieve.  Millennial Investing is one of the top-ranked investing podcasts in the world geared to the millennial generation. Here’s what we do: - We have conversations with the world’s best investors, entrepreneurs, authors, and thinkers and explore their ideas, methods, and stories to help YOU better invest your time and money. - Think of us as your research team who finds the most interesting and profitable investing and business insights that you'd normally have to pay for. Except it’s free! - Our mission is to improve people’s financial literacy and business savvy to help in making better investment decisions with their time and money. Start listening. Master the best of what other people have already figured out so you can use their lessons in your life to learn how to invest and build wealth. Follow Patrick on Twitter at @JPatrickDonley, and Kyle on Twitter @IrrationalMrkts.