554: 81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis

<p><strong>Profitable on-market properties</strong> are all around you, you just need to take the time to look. Oh, we hear what you’re saying, “<strong>all those on-market properties are bad deals!</strong>” While not all properties sitting on <a href="https://www.biggerpockets.com/blog/glossary/multiple-listing-service-mls" rel="noopener noreferrer" target="_blank">the MLS</a> are home runs, today’s guest <a href="https://www.instagram.com/codyd2020/" rel="noopener noreferrer" target="_blank"><strong>Cody Davis</strong></a> can confirm there are multiple cash flowing needles in the public housing market haystack.</p><p>Cody and his partner have been able to <a href="https://www.biggerpockets.com/blog/scaling-real-estate" rel="noopener noreferrer" target="_blank">grow their portfolio</a> to <strong>eighty-one units</strong>, all <strong>through </strong><a href="https://www.biggerpockets.com/blog/2013-11-05-seller-financing" rel="noopener noreferrer" target="_blank"><strong>seller financing</strong></a> and <strong>all found on-market</strong>. These deals not only cash flow but once paid off will allow <strong>Cody to retire not only himself but his mother as well</strong>. Did we mention that <strong>he’s twenty-one years old </strong>at the time of this recording? Another under-thirty-expert to add to our list of impressive guests!</p><p>While many investors give up after initial<strong> pushback over seller financing</strong>, Cody goes one step further by <strong>having the investor </strong><a href="https://www.biggerpockets.com/blog/2015-03-26-emotional-risk-factor-could-kill-investments" rel="noopener noreferrer" target="_blank"><strong>emotionally invest</strong></a><strong> in his success</strong>. No tacky <a href="https://www.biggerpockets.com/blog/biggerpockets-business-podcast-23-david-hoffeld" rel="noopener noreferrer" target="_blank">sales methods</a> or pushy conversations—just <strong>honest work with a clear vision </strong>that a seller can relate to. Cody is top of his class in term