240: Flipping Your Way Out of (Student Loan) Debt & the Transition to Rentals with Brentin Hess | Bigger Pockets Podcast

Financial debt (like student loans or credit cards) is irritating, expensive, and flat-out dangerous. But you don’t have to be stuck paying the minimum payments for decades like most Americans.
Today, we’re excited to introduce you to Brentin Hess, a young investor who “flipped his way out of student loan debt” and has already been able to quit his job thanks to his real estate investments.
You’ll learn how Brentin used a partnership to begin his house flipping journey, as well as the mistakes that cost him time and money in the beginning. Brentin is incredibly inspiring, so take time to listen to this entire episode—and prepare to have a fire lit beneath you!
In This Episode We Cover:

Tips for getting into real estate at a young age

Brentin’s experience of having a real estate license at 19 years old

How his first partnership came to fruition

How to deal with contractors when you’re young

The details of his first deal

Tips for leveraging capital

What exactly a Guidance Line of Credit is

The importance of building relationships

Why he shifted from flipping to rental properties

How he financed a multifamily deal

Tips for finding the right partners

When you should consider the rent as stabilized

How he quit his job

The story of how Gary Vaynerchuck was a guest for his event

And SO much more!

Links from the Show

BiggerPockets Forums

How to Achieve Greater Success by Doing Less with Devin Elder

Achieving Financial Freedom at Age 32 with Austin Fruechting

A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod

Gary Vaynerchuk’s Podcast

From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison

Overcoming Inaction, Direct Mail, and Becoming an Successful Wholesaler with Tim Gordon

Brandon’s Twitter

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki

Crush It! by Gary Vaynerchuk

The Millionaire Real Estate Investor by Gary Keller

How to Make Big Money in Small Apartments by Lance Edwards

Change Your Habits, Change Your Life by Tom Corley

The 7 Habits of Highly Effective People by Stephen Covey

Fire Round Questions

Which mortgage should I pay off first? Rental or my own?

Credit card to fund renovations—lots of questions!

How can I avoid the mistakes that YOU made?

Tweetable Topics:

“A lot of people who are into real estate sales don’t even get into investing.” (Tweet This!)

“Flipping is transactional.” (Tweet This!)

“Time is a finite resource.” (Tweet This!)

“Life is boring if you’re not being creative.” (Tweet This!)

Connect with Brentin

Brentin’s BiggerPockets Profile

Brentin’s Instagram Profile

Brentin’s Facebook Profile

GoRecn

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