This week we have the pleasure of sharing an investor on the rise. Who got his start buying a family friend’s home. Which enabled him to grow to 4 doors over the course of just a year and a half!
It is my pleasure to introduce you to Hamilton Borden!
How many doors do you have?
Right now I have 4 doors
What got you into real estate investing?
My best friend’s mother was going to sell her house & move closer to my friend in Florida. My wife & I bought her house in July 2021.
Sponsor: STEADILY – Insurance for Landlords — resilientrei.steadilypartner.com
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What market do you operate in?
How would you describe your portfolio?
I have 2 single families & 1 duplex.
What are you currently buying?
Anything that cash flows. I believe I live in a market where both appreciation & cash flow are possible. I’ll be looking at a potential BRRR deal tomorrow. I would love a cabin that would get me into the STR market.
Tell us about your biggest mistake in real estate?
See the Halloween Horror stories podcast on the Resilient REI podcast!
(Editorial Note: it’s a pretty incredible story)
Tell us about your biggest win in real estate?
On our first house highlighted above, the tenants paid the entire year’s worth of rent up front. I was hooked! This allowed us to have the cash to scale to 4 doors.
Outside of real estate what else do you invest in?
Stock Market through my employer’s 401k, and my wife and I max out our Roth IRA’s every year as well.
Books people should read before investing
Bible. All the real estate information is available via podcasts. I didn’t read my first real estate book until after I had 4 doors when I started with “Rich Dad, Poor Dad,” and isn’t cliche, it’s actually that good. I had a tenant last week pay their 6 month lease up front. My first thought, “I need more assets!”
What advice would you give to a new investor?
1. Find a mentor. All my success can be credited to my brother in law & close friend who are REI’s. I was able to follow their leadership & ask them questions
2. Change your mindset from a W-2 employee to an investor. More details in “Cashflow Quadrant.”
3. Your money is made going into the deal. Buy the asset right.
This week on the podcast
BRRRR is not a perfect strategy – with Sunny Shakhawala
This week we will be hearing from Sunny Shakhawala on his experience with BRRRR. How he built tons of equity but always struggled cash flowing. To the point where he decided that the BRRRR method didn’t suit his goals.
This week on YouTube
Prisoner to apartment investor – redemption of Mike Morawski — www.youtube.com
After Mike was sentenced to 10 years in jail for non-disclosure he found himself at rock bottom. His family, business, and life were completely destroyed. …
Who doesn’t love Halloween?
One night of the year where people can do/act differently. When everyone has the social permission to dress up. Break out of your shell. Watch children explore what is possible at your local Spirit location!
Monday – the first Halloween Special! Will not want to miss this podcast