
I Found My First Real Estate Investment on Craigslist
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About this listen
“Opportunities Are Everywhere”
In this week's episode, we chat with Don Spafford, who started his career in the finance sector. With a background in education, finance and security investing, Don pursued a career as a financial advisor. After the 2008 market crash, Don found himself without a job, but he and his wife, a realtor, saw an opportunity in the crashing housing market. In 2017, they made their first investment which they found off of Craigslist, a fourplex, and went on to invest in commercial real estate.
Fast-forward to 2021, and Don is now a partner in Happy Camper Capital, a company that does RV resorts syndication, and on top of that, a build-to-rent multifamily group that is currently developing over 600 apartment units. Hear Don's story and learn how he achieved success in real estate investment.
2:30 Don elaborates his background.
12:49 Don shares how he acquired his first investment property without savings.
14:40 Don explains how he started with his ground-up development projects and his RV resorts syndication.
16:00 Don talks about the importance of networking and how it played a big part in his success
17:38 Don shares how a couple of developers he worked with before offered an investor seat with a new building.
20:53 Don talks about the benefits of building then holding it for more appreciation and generational wealth.
25:50 Don explains why he prefers investing in commercial real estate than on multifamily real estate.
29:40 Valerie asks what’s next with his investment venture.
If you're looking for a podcast that can help you build wealth and plan for your future, then look no further.
Wealth By Choice is a podcast that focuses on how to become successful and achieve the life you desire. It is hosted by Valerie Shirah, a business owner, real estate investor, and mindset coach. She interviews successful entrepreneurs and investors who share their stories and struggles on their journey toward high-level success.
Whether you're just starting out or already have experience in building wealth, WBC can help you take your life to the next level.
To know more about what we do, Follow our page at https://tinyurl.com/WealthbyChoice or you can join https://tinyurl.com/wealth-building-network community to meet like-minded individuals.