Real estate investing is no longer just for older generations! Today on the BiggerPockets Podcast, we sit down with Houssein Al-Eidan, an accountant from the St Louis area who has purchased 25 rental units — and he’s just turning 25 years old this month! You’ll hear Houssein’s unique strategy of buying lower-price properties (many from auctions) and using a variety of strategies to increase his returns (including AirBnB and even leaving some properties vacant!). This show is bound to leave you inspired to expand your own real estate portfolio — no matter what age you are.
In This Episode We Cover:How Houssein found BiggerPocketsHow he relocated from Kuwait to St. Louis (and why)How he discovered real estate through TV showsWhat his first deal was likeHow he dealt with a complicated foreclosed property with an existing tenantThe total number of deals he’ve done so far in the past yearHow his numbers look for his condo unitsWhat his game plan is after buying so much propertyHow he funds these properties through seller financingThe importance of understanding the seller’s motivationTips on Airbnb propertiesHow be built a team for delegationA word of caution in this type of investingAnd SO much more!Links from the ShowScott’s Twitter AccountBiggerPockets JobsFlip or FlopBiggerPockets Podcast on YoutubeAuction.comZillowBooks Mentioned in this ShowThe Book on Investing with Low or No Money Down by Brandon TurnerThe Effortless Empire by Chris GrayHow to Win Friends & Influence People by Dale CarnegieTweetable Topics:“The first purchase may not be always be the best.” (Tweet This!)“Once you understand the seller’s motivation, from there you can customize a plan.” (Tweet This!)Connect with HousseinHoussein’s BiggerPockets Profile