139: Getting Started as a Businessman, Not a Handyman with Fat Tony

Many people struggle to get started, especially when they live in an expensive market. That’s why today on the BiggerPockets Podcast we’re excited to bring you this interview with a newer investor who’s figuring out how to make a passive investment business despite living in one of the most expensive cities in America. You’ll learn how Fat Tony (yes, that’s really what he goes by!) invests in out-of-state deals and how mindset has played a major role in his early success. In This Episode We Cover: Who is Fat Tony, and what’s with the name? How he got started in real estate investing Why it all starts with changing your mindset The value of continuing education His first deal: a short sale Whether it’s worth it to look into condos How to start doing the things you need to do The importance of tracking your net worth Why you should view real estate as a long term play What it takes to successfully invest out of state The importance of working with people who you can trust Why all investors should have cash reserves Why Tony believes in buying site unseen The worth of his properties today Tips for finding people who share the same mindset And SO much more! Links from the Show Want to be our sponsor? Email here BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast BP Podcast 134: Creative Finance and Gaining a Millionaire Mindset with Pro BMX Rider Terry Adams The Secret BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli Books Mentioned in this Show Brandon Turner’s Investing With No or Low Money Down Secrets of the Millionaire Mind by T. Harv Eker Rich Dad Poor Dad by Robert T. Kiyosaki What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank Gallinelli The 4-Hour Workweek by Timothy Ferriss Tweetable Topics: “I’m a businessman, not a handyman. And I’m okay with that.” (Tweet This!) “There’s gotta be a way. Other people are doing it. I just need to figure out the way.” (Tweet This!) Connect with Fat Tony Fat Tony’s BiggerPockets Profile Fat Tony’s Company Website Instagram Facebook Twitter The Expansion Project Podcast Break Parallel Learn more about your ad choices. Visit megaphone.fm/adchoices