216: Buying 150 Houses and Experiencing a Financial Meltdown with Damion Lupo

<p>On today’s episode of&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">The BiggerPockets Podcast</a>, we’re pumped to introduce you to&nbsp;<strong>Damion Lupo</strong>, an experienced real estate investor and hard money lender who has seen it all in real estate—both the good and bad! You’ll learn how it was Damion’s&nbsp;naiveté&nbsp;that led to his early success (and why naiveté matters), as well as the traits that helped Damion build up an&nbsp;<strong>incredibly successful cash-flowing business</strong>. And don’t miss Damion’s story of the murdered security guard or his golden answers to the question, “How do you get a lender to say yes?”&nbsp;</p><p>In This Episode We Cover:</p><ul><li>Damion’s&nbsp;<strong>first deal</strong>&nbsp;that he financed with his Visa card</li><li>How you can be&nbsp;<strong>naive</strong>&nbsp;and still make it</li><li>A discussion on whether&nbsp;it’s harder to<strong>&nbsp;find deals</strong>&nbsp;nowadays</li><li>What you should know about&nbsp;<strong>driving for dollars</strong></li><li>The&nbsp;<strong>deals</strong>&nbsp;he has done so far</li><li>The&nbsp;<strong>murdered guard</strong>&nbsp;story</li><li>Why he wants to<strong>&nbsp;be the bank</strong></li><li>What exactly a&nbsp;<strong>lease option</strong>&nbsp;is</li><li>How he structures his&nbsp;<strong>partnership</strong></li><li>A discussion on whether&nbsp;people should get an&nbsp;<strong>LLC</strong>&nbsp;or not</li><li>Damion’s&nbsp;view on&nbsp;<strong>cash flow</strong></li><li>What he did to get through the&nbsp;downturn in<strong>&nbsp;2008&nbsp;</strong></li><li>Advice for those who want to be<strong>&nbsp;hard money lenders</strong></li><li>Tips for<strong>&nbsp;convincing</strong>&nbsp;a hard money lender</li><li>What’s&nbsp;<strong>next</strong>&nbsp;for Damion</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li>Visit Path to Purchase&nbsp;on your&nbsp;<a href="http://biggerpockets.com/" target="_blank">Biggerpockets Dashboard</a></l