How to Crush Negotiations, and Score Seller-Financing with Autumn Rankin

Episode: 141

Autumn Rankin

Join your hosts, David Pere and Alex Felice, with their guest Autumn Rankin, as they speak about how a veteran nurse finds success in real estate and entrepreneurship. As you tune in, laugh and be awed while Autumn shares the beyond average stories of how she acquired the lineup of properties currently under her belt.

When Autumn decided to quit her school in Anesthesia Nursing, she didn't know what to do next. It was all she worked hard for in years. Fortunately, somewhere in Hawaii, Autumn found a mobile home that caught her attention. A cashed-out 401(k), $10k worth of loan from a friend, and an impressive $20k furniture loan later – she closed down on her very first real estate investment.

In this episode, listen closely to how her direct approach to dealing with sellers and attitude towards creating win-win situations becomes the common denominator of all the investments she succeeded in. The kinds of investment that not once required her 20% down.

About Autumn Rankin:

Nurse Practitioner w/ 18 years as a critical care nurse in ICU (neuro, cardiac, medical & surgical). ER (adult & peds), and PACU (adult & peds).

Owner of NAPA Auto Parts Clyde & Coleman, TX (March 2019)

Owner of Callahan Estates Mobile Home Park (July 2019)

Recently sold a 2/1 flip in Lawn, Texas

Owner of Moore Park- Mobile home park (November 2019)

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Sponsor:

Rentometer: https://www.frommilitarytomillionaire.com/rentometer-sponsor

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Outline of the episode:

 

• [04:05] The 1^st Investment – We had a day to get $45,000.
• [06:34] On getting triple net from renting out a commercial building.
• [08:18] What's a triple net lease?            
• [14:08] The story behind acquiring a creepy mobile home park.
• [17:30] On personally linking to sellers and establishing a win-win deal.
• [22:32] Managing properties while working in ICUs; Acquiring a mobile home from someone in jail.
• [27:10] "Most people stop there, but not me."    
• [32:30] Introducing yourself as the new management to tenants.
• [36:23] The kinds of deals to love…
• [39:34] "Read as many books as you can!"

Resources:

 

Instagram:          https://www.instagram.com/queendoublewide/

Facebook:           https://www.facebook.com/autumn.childersrankin

LinkedIn:             https://www.linkedin.com/in/autumn-rankin-8b5a0035/

 

Browse from BiggerPocket's Bookstore:

https://store.biggerpockets.com/

 

The No B.S. Guide to Military Life - How to build wealth, Get Promoted, and Achieve Greatness, Book by David Pere:

https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010

 

50 Things They Didn't Teach You in School!, Book by Tim Shiner:

https://www.amazon.com/Things-They-Didnt-Teach-School/dp/1539357155

 

Follow Our Journey:

 

Website:              https://www.frommilitarytomillionaire.com/

YouTube:             https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook:           https://www.facebook.com/groups/1735593999901619/

Instagram:          https://www.instagram.com/frommilitarytomillionaire/

 

Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness by David Pere:

https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010

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Advice to an 18-20-year old:

Read as many books as possible!

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Recommended resource(s):

50 things they didn’t teach you in school

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Sponsor:

Rentometer: https://www.frommilitarytomillionaire.com/rentometer-sponsor

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Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

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SUBSCRIBE: https://bit.ly/2Q3EvfE

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Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.