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 investingWhy it all starts with changing your mindsetThe value of continuing educationHis first deal: a short saleWhether it’s worth it to look into condosHow to start doing the things you need to doThe importance of tracking your net worthWhy you should view real estate as a long term playWhat it takes to successfully invest out of stateThe importance of working with people who you can trustWhy all investors should have cash reservesWhy Tony believes in buying site unseenThe worth of his properties todayTips for finding people who share the same mindsetAnd SO much more!Links from the ShowWant to be our sponsor? Email hereBiggerPockets ForumsBiggerPockets WebinarBiggerPockets PodcastBP Podcast 134: Creative Finance and Gaining a Millionaire Mindset with Pro BMX Rider Terry AdamsThe SecretBP Podcast 004: Commercial Real Estate Investing With Frank GallinelliBooks Mentioned in this ShowBrandon Turner’s Investing With No or Low Money DownSecrets of the Millionaire Mind by T. Harv EkerRich Dad Poor Dad by Robert T. KiyosakiWhat Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank GallinelliThe 4-Hour Workweek by Timothy FerrissTweetable 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 TonyFat Tony’s BiggerPockets ProfileFat Tony’s Company WebsiteInstagramFacebookTwitterThe Expansion Project PodcastBreak Parallel