216: Buying 150 Houses and Experiencing a Financial Meltdown with Damion Lupo | Bigger Pockets Podcast

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 card

How you can be naive and still make it

A discussion on whether it’s harder to find deals nowadays

What you should know about driving for dollars

The deals he has done so far

The murdered guard story

Why he wants to be the bank

What exactly a lease option is

How he structures his partnership

A discussion on whether people should get an LLC or not

Damion’s view on cash flow

What he did to get through the downturn in 2008 

Advice for those who want to be hard money lenders

Tips for convincing a hard money lender

What’s next for Damion

And SO much more!

Links from the Show

Visit Path to Purchase on your Biggerpockets Dashboard

BiggerPockets Events

BiggerPockets Forums

Pet Food

Meetup.com

Incorporate

The Profit with Marcus Lemonis

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki

The Success Principles by Jack Canfield

Abundance by Peter Diamandis and Steven Kotler

Rich Dad’s Cashflow Quadrant by Robert T. Kiyosaki

Mastery by George Leonard

Tweetable 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 Damion

Damion’s Personal Website

Damion’s Company Website

Damion’s Amazon Profile

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