385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet

<p>Flipping with <strong>no money down</strong>... in Hawaii? You heard that right.</p><p><strong>Greg Gaudet </strong>actually considers himself "risk-averse" and still holds a full-time job, but he's able to make nice chunks of change by <strong>hustling to find deals</strong> and <strong>managing rehabs</strong> for Brandon's team on Maui.</p><p>Today, Greg walks us through his journey from "rock bottom," including bouts with addiction and homelessness, to living <strong>the life of his dreams</strong>, buying a Porsche cash, and owning a handful of properties <strong>free and clear. </strong></p><p>You'll learn the right way to approach <strong>investing in condos</strong>, how to bring value to a <strong>potential partner or mentor</strong>, how Greg manages risk by keeping his living expenses low, <em>and </em>the <strong>mindset shifts</strong> that allowed him to 1) get clean and 2) "get out of his own way" in the real estate business.</p><p>This is truly one of the most powerful stories we've told on the <strong>BiggerPockets Real Estate Podcast</strong>, and it's guaranteed to get your wheels spinning!</p><p>In This Episode We Cover:</p><ul><li>How <strong>tragedy</strong> shaped much of Greg's early years</li><li><strong>Bad advice</strong> he received when jumping into investing</li><li>What to look for (and avoid) when investing in <strong>condos</strong></li><li>How Greg bought a condo for <strong>less than 50¢</strong> on the dollar</li><li>How he and Brandon structure their <strong>flip deals</strong></li><li>How anyone can flip <strong>without risk</strong>—if they're willing to work</li><li>Greg's "<strong>why</strong>" (and his paid-for Porsche)</li><li>How to approach a <strong>mentor</strong> without making it awkward</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="https://www.biggerpockets.com/bookstore" target="_blank">BiggerPockets Bookstore</a>