5 Doors by Using Seller Financing for the First Time with Aaron Chapman
Play • 45 min

Aaron Chapman ran into major obstacles on his first 2 real estate deals... obstacles you might face as you launch your own investing career. Wouldn't you like to know how to react when you're turned down for a loan? Today, you'll learn how!

From a duplex purchase that seemed doomed when he lost his job while in escrow... to a triplex purchase that a bank wouldn't touch, this Louisville, KY investor breaks down how he reached 5 doors by age 24 – and his exact roadmap to reach financial independence by age 30!

Oh, and don't miss the story of how Aaron wound up on the show (hint: his fiance is the real MVP!). Before you go, here's a challenge for you: who in your market would make a great guest for this show? Send them over to biggerpockets.com/guest and we'll take a look at their application.

In This Episode We Cover:

  • His "work backwards" plan for achieving financial freedom ($10k/month) by age 30
  • Aaron's process for "driving for dollars"
  • Living for free through house hacking
  • Buying a "1% rule" triplex using seller financing
  • How he achieved a 47% cash-on-cash return
  • How he and his fiance adjusted when he lost his job while under contract on his first deal!
  • Getting your spouse or partner interested in investing
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/rookie27

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