The market crash of 2008 had broad economic impacts that placed livelihoods under pressure. The plunging market caused people to reconsider their career paths and seek alternative sources of income. Today’s guest, Don Spafford, was originally in finance and focused on investment securities; however, the market crash forced him to contemplate his career trajectory. He ultimately found his way into real estate investing, starting with a humble portfolio that has grown exponentially over a short period of time. In this episode, we uncover Don’s secret to success and discuss his real estate investment career. We talk about the moment he realized that real estate investment was worth the risk, how he was able to purchase his first property with very little capital, and how real estate got him interested in commercial property. We learn about his approach to risk aversion, details of how Happy Campy Capital operates, the benefits of investing in a campground or RV park, and how he monetizes campgrounds. Hear insights into how to be successful in commercial property, how to grow your network, advice for investors who want to form a team or partnership, and much more. Tune in, and discover the opportunities of commercial property and how to leverage it with Don Spafford!
Key Points From This Episode:
Links Mentioned in Today’s Episode:
Passive Income Through Multifamily Real Estate Facebook Group