344: “No Money” Real Estate Investing with Gabriel Hamel

08/22/19 • 78 min

1 Listener

Over 25 seller financed deals in a few short years! Today’s guest, former service member (and diamond pushup world record holder) Gabriel Hamel, sits down with Brandon and David to share how he built a portfolio of over 140 units (in an expensive market) using creative methods and seller financing to make deals where other investors miss them!

Gabriel shares how he started investing in a tough market and used sub-prime lending (successfully) to house hack his first few properties. He gives some awesome advice on approaching sellers with seller financing proposals, structuring the offers, and showing them how it’s a win-win. He also gives great advice on finding gentrifying markets, walking away from closings with money in his pocket, and applying a mindset to real estate investing that helps him succeed in all aspects of life! Gabriel has very practical, down-to-earth, useful advice and shares it willingly.

This is an episode for both newbies and experienced investors to download today!

Listen to the full episode here: http://biggerpockets.com/show344

In This Episode We Cover:

Started with sub-prime lending and it worked out
House hacked his first and second home
Owns 140 units now
How he got started buying properties in a scary market from 2009-2012
Why he began with seller financing
How he found his first off-market deals
Seller financing wizardry
What he looks for in improving neighborhoods
How he’s been able to walk away with cash at closing—better than no money
Why he focuses more on terms than just price
His advice for having a success mindset in ALL areas of life
What he looks for in a deal
How he scaled to over 100 units
And SO much more!

Links from the Show

Learn more about your ad choices. Visit megaphone.fm/adchoices

This is an episode for both newbies and experienced investors to download today!

Listen to the full episode here: http://biggerpockets.com/show344

In This Episode We Cover:

Started with sub-prime lending and it worked out
House hacked his first and second home
Owns 140 units now
How he got started buying properties in a scary market from 2009-2012
Why he began with seller financing
How he found his first off-market deals
Seller financing wizardry
What he looks for in improving neighborhoods
How he’s been able to walk away with cash at closing—better than no money
Why he focuses more on terms than just price
His advice for having a success mindset in ALL areas of life
What he looks for in a deal
How he scaled to over 100 units
And SO much more!

Links from the Show

Learn more about your ad choices. Visit megaphone.fm/adchoices

Previous Episode

343: Using Checklists and Systems to Get More Done in Less Time with Pilot/Investor Steve Rozenberg

Want to build a cash flowing portfolio while working a full time job?

Today’s guest did just that! Steve Rosenberg shares his incredible story of how he built a huge property management company (along with several cash flowing rental properties) while working as an airline pilot and travelling the country! Steve has a genuine, straight forward style and shares what he did wrong buying real estate, where he learned what his strengths are, and how he and his partner resurrected a dying business. Steve also shares how he learned why systems are so important, how he learned to build them, and which systems he uses in his own business to save time, make money, and scale! Steve shares some of the most painful lessons he learned through failure so you don’t have to learn them yourself.

This is an episode you definitely want to download today!

Learn more about your ad choices. Visit megaphone.fm/adchoices

Next Episode

345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!)

Today, Brandon Turner’s on the other side of the microphone.

J and Carol Scott, co-hosts of the BiggerPockets Business Podcast, recently interviewed him... and the result was so epic we wanted to share it here, too!

In this episode, Brandon reveals why he chose mobile home park investing (hint: NOT necessarily because it’s the “best” investment) and describes the method his team used to get hundreds of pads under contract in just a few months. (It's an approach YOU can apply using the new BiggerPockets Intention Journal.)

But this show is about much more than real estate. It’s about avoiding that all-too-common pitfall where you set an ambitious goal only to see it buried under an avalanche of more urgent (but less important) responsibilities.

Brandon shares the tools he’s used to break that cycle and how he’s applied them to other challenges—like moving to Hawaii, improving his personal health, and spending more meaningful time with his family.

You’ll hear how Brandon’s first business venture failed, how he got into real estate investing for cash flow, and how he discovered a way to bring BIG value to BiggerPockets as Employee #2, despite not owning a computer the year before! Oh, and you’ll learn the meaning of “M.I.N.S.” and the role they play in moving your business forward (ESPECIALLY when the going gets tough).

Brandon also shares why writing out a “vivid vision” of your future might be the best thing you can do to move yourself closer to your ideal life; why he asks, “What would be awesome?” and then works backwards; and why he and his wife organize a goal-setting retreat together on the same day every year.

This is an amazing episode that lays out a battle plan for getting WAY more done while setting aside quality time for friends, family, and fun.

Download this one, and subscribe using your favorite podcast app so you won’t miss any future shows!

In This Episode We Cover:

Brandon's mobile oil change business plan (that he didn't execute on)
How he flipped a house and spent all the money
Brandon's very first house hack
How he “got into the business of collecting units” and quit his job
How a cold email led to him working for BiggerPockets
The strategy he used to write 50 blog posts in a year for BiggerPockets
Brandon's thoughts on the path to 100 units
Why you should ask yourself, “What would be awesome?”
How to ask, “What if it was easy?” and work backwards toward your goal
How to balance family life and health with business
Why he chose mobile home park investing (hint: not because it’s the “best” asset)
How to "have it all" (as long as you’re focused and tracking everything)
Tips for setting goals as a couple
How to identify the “Most Important Next Step” (M.I.N.S.) and then time block it
The 90 Days of Intention Journal
The importance of writing down goals every day
And SO much more!