386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus) | Bigger Pockets Podcast

From "bad drug dealer" in his youth... to earning a master's degree, then jumping into real estate at age 36 and crushing his first deal!
Today, Marcus Maloney shares his wild ride in Part 1 of two episodes this week. This one was recorded before the coronavirus pandemic, so we don't discuss that topic. Tomorrow, we'll dive into how Marcus pivoted to keep doing deals in these trying times.
In this episode, you'll learn how Marcus used just $200 to launch his career, how he acquired nine rental properties, and how he's completed dozens of local (Phoenix) and long-distance (Chicago) real estate transactions.
He also discusses the strategies he's using to generate leads, how he builds trust with both sellers and buyers, and how he works with acquisition managers, who take a cut of the deals they bring him.
Plus—the guys have a great conversation about performance coaching and why the thing that's holding you back probably isn't something you're going to fix at a real estate boot camp.
Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the BiggerPockets Forums, where he's a frequent contributor.
And don't forget to subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show!
In This Episode We Cover:

How Marcus "flipped piglets" as a boy

How a rescinded job offer led to him to pursue real estate

The personal development he had to do to become a successful real estate investor

Direct mail marketing

Closing deals on the phone

Attracting partners by creating valuable content

Why Marcus lives in Phoenix but buys rentals near Chicago

What separates successful "bird dogs" and wholesalers from those who give up

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Bookstore

BiggerPockets Podcast

BiggerPockets Reviews

SunTrust

Wells Fargo

Guild Mortgage

Buildium

Re-Leased

Rent Manager

Quicken Loans

Cozy

Performance Coach Jason Drees

Performance Coach Phil Towle

Check the full show notes here: link

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