Two years after graduating high school, Douglas Aguilar didn't know what he wanted to do with his life.
At this time he had a passion for furniture making and construction and began selling custom furniture to friends and family.
3
21-year-old Douglas was broke until he learned a money-making technique after leaving schoolPhoto credit: Getty
3
Douglas was already earning £78,000 at the age of 21Photo credit: YouTube
He soon found work in construction and his boss introduced him to real estate investing – for which Douglas discovered a deep passion.
He tried cold calling and door knocking on his own, but had no success since he was so new to the industry and “didn’t know” what he was really doing.
After picking random numbers by hand, he got his first deal in October 2019.
Now, aged 21, Douglas has managed to turn £760 into £78,000 – and plans to continue on his path to success.
On the Wholesaling Inc podcast with Brent Daniels, Douglas explained how his first deal came about by calling numbers people and trying to convince them to invest their money in real estate.
He says he managed to make £1,000 (£760) on the first deal.
He continues: “I was still working in construction, but essentially I was working for rent.
“I probably made around $6,000 (£4,570) a year from this job. But I lived in vain.”
“I worked for free. I didn’t do anything other than construction work.”
Since he didn't have the time to call those random numbers, he said he told his “girlfriend to make a few calls and it worked.”
I make $3,000 a month from my “lazy” LinkedIn side hustle – it’s only five steps, but it involves contacts
After completing the £760 property investment deal, Douglas was able to use this deal to buy a car.
But after being wowed by his first client, Douglas realized he could make a career out of it if he focused more on real estate investing, so he quit his job in construction.
At the time, Douglas was living in his car and a storage unit because he didn't want to move home and “become comfortable” with his parents.
He says, “I wanted to make a deal.”
“No convenience”
Douglas, a native of Houston, Texas, said returning home might have enticed him to invest in real estate again.
He continues: “It was winter back then so it was pretty chilly. That's how I was able to survive because I didn't want to be comfortable.
3
Douglas appeared on the Wholesaling Inc. Brent Daniels podcastPhoto credit: YouTube
“I made phone calls and I would say I was pretty lucky with that too.”
After randomly dialing different numbers, Douglas came across another person who seemed “really motivated” to complete a property deal and managed to make $16,000 (£12,113).
There was a family member who paid the taxes on the property. So they all got paid
Douglas Aguilar
By “picking up the phone and being proactive,” Douglas was able to keep his work going and soon found he could find a home for free.
In an interview with Brent Daniels, he says: “I was given a piece of land as a gift and it had working utilities.”
He did this by using the “Driving for Dollars” technique on the Deal Machine app.
According to the Deal Machine website, driving for dollars is a real estate investing technique in which investors drive through neighborhoods looking for properties that appear to be vacant, run-down or in need of repair.
“Ringing random numbers”
By focusing on these types of properties, investors may be able to find good deals and maximize their investment returns.
Douglas continues: “And that started to explode. That was one of the deals I was able to get.
“It was just an empty property. It was so empty because he had just forgotten about it.”
Douglas managed to reach the owner of the property via a container and track him down.
Skip tracing is the process of finding and tracking people who are difficult to locate, such as: B. People who are missing do not respond or evade conventional contact.
This can be done through social media, online directories, credit reports, online searches, and telephone and email databases.
They were super happy and then they both agreed that they would let me have the property
Douglas Aguilar
About the search for the owner of the abandoned property, he says: “I called [him up] and he said he no longer owned the property and I said, “Yes, that's the case, you're still on the county records.”
“He was 80 years old, he was getting condemnation letters saying they were condemning the house [and asked me] “Is that why I’m still getting these letters?”
“He thought he had sold it to a friend a decade ago.
“He got the money from his friend, but his friend never signed the deed.
Frequently asked questions about tiny homes
The tiny house movement started in the US before gaining popularity in the UK.
What is a Tiny Home?
Tiny houses are small, fully equipped living spaces designed for a more sustainable, off-grid lifestyle. Although they vary in size and shape, tiny homes typically have a capacity of between 15 and 50 square meters, are made from sustainable materials, and are easier – and cheaper – to maintain than traditional brick homes.
Are tiny homes legal in the UK?
As long as the tiny house does not exceed 19.8 x 6.7 m in size, it is defined as a caravan under British law. Therefore, tiny houses are considered legal additional living space.
Can you get a mortgage for a tiny home?
Because of their small size and relatively low cost, tiny houses are generally not eligible for a mortgage. However, there are many ways to take out a loan to make your dream of the perfect, moveable home come true.
“So he kept telling me that he wouldn’t give it to me if he hadn’t spoken to the friend.
“So I had to skip the friend's trail, [and] got them in touch. They were super happy and then they both agreed that they would let me have the property.
“There was a family member who paid the taxes on the property. So they all got paid.”
“I only had to pay $600 (£457) to increase the taxes.”
Douglas now owns the property and is receiving offers for around £46,000.
His plan is to tear it down and build two or three mobile homes there.
Douglas now has an entire portfolio of properties he found using the same technique and has completed $102,000 (£78,000) in property investment fees.
To hear Douglas' full story, visit the Wholesaling Inc with Brent Daniels podcast on YouTube or Spotify.
Comments are closed.