Taking Big Risks Can Payoff Even Bigger, With Hugh Carnahan

Episode: 137

Hugh Carnahan

Join your hosts, David Pere and Alex Felice, with their guest Hugh Carnahan as they talk about his crazy first deal, the 2-second lean method, experience increasing a hotel's cap rate, and the overall mentality that has lead him to his many incredible successes with investing.

 

From Hugh's first experience, he has gotten himself into fascinating situations with the properties he's acquired. One of those is becoming his own competitor in a neighborhood wherein he owns multiple houses in a single street. This advantage gives him something that any investor looking to scale would want for themselves, the ability to reinvent your location's value.

 

In this episode, we will hear Hugh's whole experience on that and on how he leverages other people's abilities. For anyone who is starting in real estate, Hugh emphasizes the importance of creating connections. As an investor who's been there, for him, there is courage in knowing that you're not alone in this community and that whatever you try, you have people who will have your back.

 

About Hugh Carnahan:

 

After serving for over five years in the Army, Darren has spent the last seventeen years buying and selling real estate around the country. His true passion is helping people with their homes no matter their situation and then helping the neighborhood by fixing up the homes he can buy.

 

His dedication to the credence that "Every Seller Must Benefit!" is the guiding force that has allowed "Sell My House to Smith" to grow into the premier home buyer in El Paso and Pueblo counties. Darren's most significant achievement has been to surround himself with an incredible team of industry and military veterans who are every bit as passionate about helping people as he is, not doing it yourself, leverage other people's experiences,

 

Outline of the episode:

 

• [01:55] 26 houses for the 1^st
• [06:35] Rediscovering a stock investment placed in a company.
• [09:33] The lessons of acquiring 26 houses.
• [12:12] Scale and lock-in on every corner of the neighborhood.
• [18:08] The 2-Second Lean Process.
• [19:46] "Train them to be specialists and set guidelines."
• [21:57] What does preparation allow you to do?
• [26:08] A lean principle for every real estate investor.
• [32:07] Care about your success.
• [40:40] Think of your investment as if you're running a business.

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Advice to an 18-20-year old:

Buy “Set For Life” by Scott Trench.

Get a Pre-nup, and don’t marry into red flags!

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Recommended resource(s):

2 second lean!

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Sponsor: https://www.frommilitarytomillionaire.com/teachable-rei

 

Resources:

 

YouTube: https://www.youtube.com/user/Carhug2012/featured

 

Need help in finding an investor-friendly realtor? Check out:

https://www.frommilitarytomillionaire.com/va-realtor/

 

Join The War Room Real Estate Mastermind Group:

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

 

Set for Life Book by Scott Trench:

https://www.amazon.com/Set-Life-Dominate-American-Dream/dp/0997584718

 

2 Second Lean Book by Paul Akers:

https://paulakers.net/books/2-second-lean

 

Check out David Pere on Bigger Pockets:

https://www.biggerpockets.com/users/USMC3140

 

Bigger Pockets Podcasts:

https://www.biggerpockets.com/podcast

 

Follow our journey:

 

Blog:                      https://www.frommilitarytomillionaire.com/

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

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

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

 

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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!

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