MI355: THE REAL ESTATE DEAL MAKER

W/ HENRY WASHINGTON

10 June 2024

In today’s episode, Patrick Donley (@JPatrickDonley) sits down with real estate investor, Henry Washington, to discuss his new book, The Real Estate Deal Maker. You’ll learn how to solve the two biggest problems real estate investors face which is how to find deals and how to fund them. You’ll also hear how Henry got his start in real estate after a panic attack brought on by realizing he was going to reach his financial goals if he kept the status quo, how his faith has impacted his business career, what it was like to write the book and what he hopes for it, what his biggest lessons from hosting the podcast, On the Market have been, and so much more!

Henry is the founder of Independence Realty Group and the co-host of the BiggerPockets On the Market podcast. He built his rental portfolio and achieved financial freedom in just three and a half years. 

Now an investor of seven years, he has done more than 200 deals and has been featured in numerous online and television publications, where he enjoys showing others the power of real estate investing and financial freedom.

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IN THIS EPISODE, YOU’LL LEARN:

  • What were some of the financial mistakes Henry made when he was younger.
  • How a panic attack made him re-evaluate his financial goals.
  • Why real estate became his chosen path that he committed to.
  • What the steps he took to buy his first deal were.
  • How his faith has impacted his real estate career.
  • Why he felt a responsibility to share his journey and knowledge with others.
  • How his book, The Real Estate Deal Maker, teaches how to solve the two biggest problems investors face in real estate.
  • How he scaled his portfolio.
  • What it was like writing the book and what his hopes are for it.
  • What are some examples of deals Henry has done recently.
  • And much, much more!

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:02] Henry Washington: I didn’t know how to invest in real estate. No clue. When I made this decision that I was going to figure it out, I didn’t have any of the things that would lead you to believe that I should invest in real estate. I didn’t have a big savings account ready to use for a down payment.

[00:00:16] Henry Washington: I had $1,000 in a savings account. That was it. I didn’t have good credit. I still had a sub 600 credit score. And something in me was like, you know how you’re going to fix your financial problems. You know how you’re going to fix the problem of you not being able to be on the loan for the house that you’re currently living in.

[00:00:33] Henry Washington: You’re going to buy houses. That’s how you’re going to fix it.

[00:00:38] Patrick Donley: Hey guys, in today’s episode, I had the pleasure of sitting down and talking with real estate investor Henry Washington to discuss his new book, The Real Estate Deal Maker. You’ll learn how to solve the two biggest problems real estate investors face, which is how to find deals and how to fund them.

[00:00:54] Patrick Donley: You also hear how Henry got his start in real estate after a panic attack brought on by realizing he would never reach his financial goals if he kept the status quo of his life going. You’ll also learn how his faith has impacted his business career, what it was like to write the book and what he hopes for it.

[00:01:10] Patrick Donley: What is biggest lessons from hosting the podcast on the market have been and so much more. Henry is the founder of independence reality group and the cohost of bigger pockets on the market podcast. He built his rental portfolio and achieve financial freedom in just three and a half years. Now an investor of seven years, he has done more than 200 deals and he’s been featured in numerous online and television publications where he enjoys showing others the power of real estate investing and financial freedom.

[00:01:38] Patrick Donley: Without further delay, let’s dive into today’s episode with Henry Washington.

[00:01:47] Intro: Celebrating 10 years. You are listening to Millennial Investing by The Investor’s Podcast Network. Since 2014, we interviewed successful entrepreneurs, business leaders, and investors to help educate and inspire the millennial generation. Now for your host, Patrick Donley.

[00:02:14] Patrick Donley: Hey everybody. Welcome to the Millennial Investing podcast. I’m your host today, Patrick Donley, and joining me in the studio today is Mr. Henry Washington. Henry, welcome to the show. 

[00:02:23] Henry Washington: Thank you for having me, man. I’m excited to be here. 

[00:02:25] Patrick Donley: I’m happy we’re making this happen too. I just wanted to jump right in and talk about what the people around you, your family, friends, like if they looked at maybe teenage Henry, what their expectations for you would have been growing up, like what they thought you would ended up doing.

[00:02:40] Henry Washington: Man, my parents were just big on me getting a college degree and finding a good corporate job. When I was little, I used to tell my dad I wanted to be a lawyer, tell my mom I wanted to be a lawyer. And that was really only because my sister wanted to be a doctor and I wanted to pick something that would compete with that.

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