Mon, 15 March 2021
There’s a lot of pressure on high school grads to go to college. Without a degree, the story goes, we can’t earn good money. But Cody Davis realized he didn’t need earned income if he could make passive income with real estate. And he didn’t let little things like being 19 years old and having no money or experience get in his way.
Cody is a broker with Blackwell Real Estate in Tacoma, Washington, and multifamily investor with a portfolio of 24 units. And he just turned 21. Cody dropped out of college to get his real estate license just two years ago, and since then, he’s closed on two 12-unit deals—without using any of his own money!
On this episode of Apartment Building Investing, Cody joins me to explain how he overcame the pressure to go to college and what inspired his mentor to take Cody on. He shares his unique approach to cold calling, discussing why sellers take him seriously despite his youth and how he’s building the skill of raising money. Listen in to understand how Cody used seller financing to do his first two deals and find out how he achieved financial freedom before he was old enough to buy a drink.
How Cody got interested in real estate
How Cody overcame the pressure to fit in with friends
How Cody found a mentor in Robert Slattery
What Cody would have done without a mentor
Why Cody is willing to broker deals for others
How Cody overcame the fear of cold calling
Cody’s first $1.1M 12-unit seller financing deal
Why sellers take Cody seriously despite his age
Cody’s second $680K 12-unit seller financing deal
Cody’s experience with the Law of the First Deal
How sellers benefit from seller financing
Cody’s advice for aspiring multifamily investors
Connect with Cody Davis