MB 257: Achieve Financial Freedom Before You Turn 21– With Cody Davis

<p>There’s a lot of pressure on high school grads to go to college. Without a degree, the story goes, we can’t earn good money. But <a href="https://www.instagram.com/codyd2020/">Cody Davis</a> realized he didn’t need earned income if he could make passive income with real estate. And he didn’t let little things like being 19 years old and having no money or experience get in his way.</p> <p>Cody is a broker with <a href="https://bre.io/" target="_blank" rel="noopener">Blackwell Real Estate</a> in Tacoma, Washington, and multifamily investor with a portfolio of 24 units. And he just turned 21. Cody dropped out of college to get his real estate license just two years ago, and since then, he’s closed on two 12-unit deals—without using any of his own money!</p> <p>On this episode of Apartment Building Investing, Cody joins me to explain how he overcame the pressure to go to college and what inspired his mentor to take Cody on. He shares his unique approach to cold calling, discussing why sellers take him seriously despite his youth and how he’s building the skill of raising money. Listen in to understand how Cody used seller financing to do his first two deals and find out how he achieved financial freedom before he was old enough to buy a drink.</p> <h3>Key Takeaways</h3> <p>How Cody got interested in real estate</p> <ul> <li>Family friend gifted <em>Rich Dad Poor Dad</em></li> <li>Make good money without college</li> </ul> <p>How Cody overcame the pressure to fit in with friends</p> <ul> <li>Don’t need degree if earning passive income</li> <li>Partying = unnecessary distraction</li> </ul> <p>How Cody found a mentor in Robert Slattery</p> <ul> <li>DM re: real estate post on Facebook</li> <li>All-in and willing to work for free</li> </ul> <p>What Cody would have done without a mentor</p> <ul> <li>Plan to house hack duplex</li> <li>Work multiple jobs to qualify for loan</li> </ul> <p>Why Cody is willing to broker deals for others</p> <ul> <li>Didn’t qualify with banks early on (cash poor)</li> <li>Learn from investor