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If you’ve listened to the show before, you’ve probably heard me talk about the power of the first deal. Your first multifamily deal will be the smallest, the longest, and the hardest deal you will ever have to make. However, the power of the first deal is that the second and third, which follow in rapid succession, are almost automatic.

Jordan Madewell, my guest on this week's show, knows all about the power of the first deal. Closing on his first multifamily, a 23-unit complex, with his business partner in 2016, Jordan is on the fast-track to completing his next two deals, which he hopes will help him reach his 2017 goal of 100 units. I can’t wait to see how he gets on in the next 12 months, but in the meantime, let’s listen as Jordan talks about his drive, how he got started in real estate, and most importantly, how he nailed that all-important first deal.

Are you serious about doing your first deal so that you can become financially free in 3-5 years? Then check out Michael's coaching options and schedule a free strategy call.

Key Takeaways

[02:53] Jordan’s start in real estate investing

[04:05] The moment Jordan realized that he needed to be investing in multifamily

[06:40] Jordan’s goal and his “why”

[14:23] How Jordan built a network of investors

[15:20] Jordan’s first deal

[16:30] Raising the money for the first deal

[26:47] What’s next for Jordan

[36:00] The power of the first deal

[45:28] Jordan’s advice for new real estate investors

Connect with Jordan

Phone: 806-570-0264

Email: [email protected]


Resources Mentioned

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges

Old Capital Real Estate Investing Podcast

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