In E027, Dan Chiappetta tells his amazing and inspiring story of getting started young in real estate investing. Very few people buy a house before they even graduate school but Dan did. At the age of 21 years old, Dan bought his first investment property with one of his friends, having his parents as co signer, and proceeded to flip that house for $85,000 personal profit. When I heard this I had to do a double-take. It’s almost difficult to imagine making that kind of profit at that age.
Since flipping his first property Dan has continued to acquire long term holds, perform BRRRR investments and flip properties. He’s got his home plus 4 units right now and is actively working on a purchase of 6 more units. It will be interesting to watch Dan progress as he continues on into his 30s!
Connect with Daniel Chiappetta on
Instagram https://www.instagram.com/danielchiappetta
Connect with Andrew Hines on
instagram: https://www.instagram.com/theandrewhines
facebook: https://www.facebook.com/theandrewhines
Greater Hamilton REI Meetup Group: https://bit.ly/2VSSc9i
Specific Topics of Discussion
- Legal vs Illegal duplex conversions and rental unit operations
- how Dan flipped his first houses
- risks vs. returns to NOT complying with city bylaws
- learning to do your own renovations
- smart renovations, saving money and scaling long term
- working with zoning and building departments to build your reputation
- Dan repeatedly calling me “young”… that was cool 🙂
- travelling the world, setting goals and winning
Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free
