Episode 143 – Diving Into Real Estate Firsts With Darren Bloomfield

As a first-timer in the world of real estate, you might be wondering what it takes to be a “real” investor. In this episode, we explore adopting an investor mindset and making the right moves to establish yourself in the industry!

Join us for a riveting conversation with Darren Bloomfield, a passionate investor specializing in risk management and insurance. With his incredible professional insight and hard-earned lessons as an investor, Darren shares the ins and outs of his first property deal and renovation experience. We also discuss the math behind accumulating capital for sales, maximizing credit card points, and balancing contractor payouts. So if you’re curious about how someone can get started in this highly dynamic and profitable industry, this episode might be just what you’ve been looking for!

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Watch the episode here

Listen to the podcast here

Podcast Highlights:

[5:12] Darren’s Must-Read for Real Estate Beginners

[9:40] The Money Math After College

[11:50] Buying Your First Property

[13:30] Navigating His First Real Deal Through Zillow

[17:10] On Renting Out a Private Room

[20:40] The Key to Finding the Best Contractors

[22:25] Revealing the Costs of Rehabbing a Unit

[30:15] Managing Contractor Payments

[41:30] Unpacking Darren’s Next Portfolio Moves

[45:20] The Best Piece of Advice for Investors

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Tagged cashflow, Financial Freedom, financial independence, insurance, risk management