Why Every Real Estate Investor NEEDS To Become a DIY Homebuyer | Ep. 13
Introduction
Nick: Welcome back y'all to the DIY Home Buyer podcast. I'm your host, Nick, and I'm super thrilled to have our guest, Nathan Payne on. Nathan is no stranger to the whole process of DIY home buying. He has been a real estate investor for several years now, and actually now he's teaching people how to get their first deal as real estate investors, especially in whole space of flipping and wholesaling.
Nathan's Background and Morning Routine
Nathan: I wake up at 5 AM. As soon as I wake up, I pray. I get off my bed kneeling prayer. After about 15 minutes of morning routine, I do HIIT training, intense exercise to wake the body up. Then I read, reflect, and journal. I plan out my day meticulously.
Journey into Real Estate
Nathan: Before real estate, I did door-to-door sales for six years after my church mission. I was making good money but wanted something different. After interviewing for various jobs and finding the income ceilings too low, I connected with a friend about real estate.
We started with zero dollars. We would:
Meet in my basement
Call "For Sale By Owner" listings
Knock on doors at night
Network through Facebook
First Deal Story
Nathan: Our first deal came from expired listings after two months of cold calling. The seller was facing pre-foreclosure:
Property ARV (After Repair Value): $250,000
Our offer: $185,000
Final purchase price: $180,000
Sold for: $185,000
Profit: $5,000
While not the smoothest process, it was a learning experience. We made mistakes but grew from them.
Views on Real Estate Agents
Nathan: "If you're an investor and you don't know how to represent yourself, well, what are you doing?"
On buyer's agents:
Valuable only if bringing off-market deals
Unnecessary for MLS listings
Paperwork is simple and handled mostly by title companies
Can leverage no-agent status in negotiations
Real Estate Investment Opportunities
Best Ways to Start:
Find Off-Market Properties
Join investment communities
Learn wholesaling basics
Network with sellers directly
Use Key Tools:
Privy for discounted MLS properties
Batch Leads for property analysis
Direct seller outreach
Current Market Opportunities
People always need housing
Motivated sellers exist in any market
"Death, divorce, and debt" create constant opportunities
Advice for New Investors
Nathan: "Start with finding off-market properties that are discounted. Have conversations with sellers directly, agents directly, wholesalers. Try to find properties where you can add value."
Cautions about rental properties:
Need substantial reserves
Account for vacancies and repairs
Understand true costs of ownership
Don't over-leverage
Resources for Learning More
Facebook Group: Painless Flipping (Wholesaling Real Estate Simplified)
YouTube Channel: Nathan Payne, Painless Flipping
One-on-one mentorship opportunities available
