228: Partnerships, Landlording, and Getting Started in Real Estate with Meghan McCallum

<p>A lot of newbies get stuck when trying to get their first few deals. After all, figuring out how to find properties, how to get the money needed to buy them, and how to&nbsp;<em>not</em>&nbsp;mismanage the property are all big tasks. </p><p>That’s why we’re excited to bring you this powerful interview with&nbsp;<strong>Meghan McCallum</strong>, a real estate investor who’s passionate about helping new investors discover their best plan for real estate success. </p><p>Today, Meghan shares her story of a terrible first deal that led to an unbelievable second deal (you won’t believe the appreciation she’s seen!) and more. Meghan also shares on the first steps newbies need to do before jumping in, as well as the power of using partnerships to gain experience and financing for your deals!</p><p>In This Episode We Cover:</p><ul><li>Meghan’s journey to her&nbsp;<strong>first deal</strong>&nbsp;from being a firefighter in Kuwait</li><li>How she bought&nbsp;a&nbsp;<strong>$280k property</strong>&nbsp;that now is worth&nbsp;$875k</li><li>Her thoughts about&nbsp;<strong>house hacking&nbsp;</strong></li><li>Tips on handling&nbsp;an&nbsp;<strong>inherited&nbsp;tenant</strong></li><li>How to build&nbsp;the&nbsp;<strong>systems</strong>&nbsp;and team you need to scale</li><li>Why you should figure out&nbsp;<strong>who you are</strong>&nbsp;as an investor first</li><li>Why you should seek out&nbsp;a&nbsp;<strong>partner</strong>&nbsp;and not a mentor</li><li>Thoughts on “<strong>speed dating</strong>” for real estate investors</li><li>Their next deal (the story of<strong>&nbsp;knee-high poop</strong>)</li><li>What exactly an “<strong>escalation clause</strong>” is</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="http://biggerpockets.com/events" target="_blank">BiggerPockets Events</a></li><li><a href="https://www.biggerpockets.com/renewsblog/2015/07/23/bp-podcast-132-brie-schmidt-gr