In this episode of the RE Social Podcast, hosts Andrew McCormick and Vince Rodriguez sit down with their first major external investor, Steve Diaz also known as “Stevie D”, to uncover his inspiring story. They delve into his background, where he shares his work ethic and early jobs, illustrating his journey from working construction with his dad to buying his first car as a teenager. The conversation shifts to Steve’s successful real estate investment journey, highlighting his partnership with them and the significant returns on his investments. They also discuss the importance of trust, finding reliable partners, and leveraging existing resources like 401Ks and stocks. They reflect on their strategic approach to real estate, leveraging, and the benefits of working with like-minded partners. The episode also covers various investment milestones and future plans, providing insightful advice for potential investors and emphasizing the values of collaboration and smart decision-making. Tune in to learn more!

Key Takeaways

00:00:00Welcome to the RE Social Podcast
00:00:44Steve's Background and Early Work
00:02:19His First Jobs and Education
00:05:56How Did He Transition to Real Estate
00:14:22First Real Estate Investment
00:23:59What is the “Steve Deal”
00:28:46Real Estate Deals During COVID
00:29:09The Importance of Refinancing
00:30:26A Winning Strategy in Real Estate
00:31:43How to Leverage Your 401k
00:34:10The Power of Partnerships
00:35:58Investing with Friends and Family
00:38:20Benefits of Real Estate Over Stocks
00:42:20Building Trust in Investments
00:50:15Final Thoughts and Future Deals

Resources and Links

Invest Like a Shark by James DePorre https://www.amazon.com/Invest-Like-Shark-Limited-Investing/dp/0132213087

Books by Warren Buffett https://www.goodreads.com/author/list/756.Warren_Buffett

Connect with Steve

https://www.meetup.com/re-social/

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Ep. 85 Investing with Family and Friends? How Steve Diaz Makes It Work in Real Estate

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