Episodes
#216: Buying 150 Houses and Experiencing a Financial Meltdown with Damion Lupo
Published March 2, 2017
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72 min
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    On today’s episode of The BiggerPockets Podcast, we’re pumped to introduce you to Damion Lupo, an experienced real estate investor and hard money lender who has seen it all in real estate—both the good and bad! You’ll learn how it was Damion’s naiveté that led to his early success (and why naiveté matters), as well as the traits that helped Damion build up an incredibly successful cash-flowing business. And don’t miss Damion’s story of the murdered security guard or his golden answers to the question, “How do you get a lender to say yes?”  In This Episode We Cover:Damion’s first deal that he financed with his Visa cardHow you can be naive and still make itA discussion on whether it’s harder to find deals nowadaysWhat you should know about driving for dollarsThe deals he has done so farThe murdered guard storyWhy he wants to be the bankWhat exactly a lease option isHow he structures his partnershipA discussion on whether people should get an LLC or notDamion’s view on cash flowWhat he did to get through the downturn in 2008 Advice for those who want to be hard money lendersTips for convincing a hard money lenderWhat’s next for DamionAnd SO much more!Links from the ShowVisit Path to Purchase on your Biggerpockets DashboardBiggerPockets EventsBiggerPockets ForumsPet FoodMeetup.comIncorporateThe Profit with Marcus LemonisBooks Mentioned in this ShowRich Dad Poor Dad by Robert T. KiyosakiThe Success Principles by Jack CanfieldAbundance by Peter Diamandis and Steven KotlerRich Dad’s Cashflow Quadrant by Robert T. KiyosakiMastery by George LeonardTweetable Topics:“With real estate, there was this unlimited potential that is really only limited by me and my thinking.” (Tweet This!)“You can create massive financial wealth with real estate with an 8th grade education. Really, it’s up to you.” (Tweet This!)“People don’t realize the laws of selling. You don’t close deals on your first time.” (Tweet This!)“The way you do anything is the way you do everything.” (Tweet This!)“The worst teacher is success.” (Tweet This!)Connect with DamionDamion’s Personal WebsiteDamion’s Company WebsiteDamion’s Amazon Profile
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