From “Rock Bottom” To Buying 2 Commercial Real Estate Deals | Bigger Pockets Video

Episode #608

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Think you need a high-paying job or a large savings account to break into real estate investing? You don’t! Today’s guest was delivering groceries for Instacart and mounting TVs for Geek Squad shortly before landing multiple seven-figure real estate deals, and in this episode, he’ll show YOU how to do the same—no matter your starting point!

Welcome back to the “Real Estate Rookie” podcast! Tired of working dead-end jobs and struggling to make ends meet, Jordan Scroggins knew he had to make some major life changes if he wanted to start and support a family. He discovered BiggerPockets, absorbed as much information as he could, and then finally got his foot in the door by landing a job in real estate. Since then, Jordan has been able to take down two seven-figure properties—not with a massive bank account, but through the power of creative financing.

Despite his best efforts, Jordan’s journey has been anything but smooth. Stay tuned to hear about a property lien that caused him to pass on his first deal, what he learned from a $200,000 loss on a mixed-use building, and what all rookies should know before stepping into the world of commercial real estate!

00:00 Intro
00:44 Hitting “Rock Bottom”
09:55 The “Messy” First Deal
11:40 Sponsor: Baselane!
17:54 First 7-Figure Property
26:36 Creative Financing 101
34:15 Bouncing Back from Bad Deals
37:39 The Second 7-Figure Property
41:13 Biggest Lessons Learned
43:50 Connect with Jordan!