Jan 10th, 2020
David Pere is an Active Duty Marine and joined the Marine Corps in August of 2008. Since that time, he has traveled to and lived in many unique places around the world, including a combat tour in Afghanistan.
David got started in real estate investing in 2015. He house-hacked a duplex with the FHA loan and lived in it for a little while until getting married to his beautiful wife, Kimberly, and receiving orders to Hawaii. While stationed in Hawaii, David bought a 10-unit apartment in Missouri and has had continued success with real estate investing!
Through these experiences, From Military to Millionaire was born, with the goal of teaching service members and veterans how to build wealth through real estate investing, entrepreneurship, and personal finance! Through his podcast with the same name, he has helped many of his listeners increase their savings gap, purchase real estate, and increase their chances of achieving financial freedom!
-Started REI with a househacked duplex in Springfield, MO while stationed there. After being forced into listening to Rich Dad, Poor Dad, David was hooked.
-After moving to Hawaii, David continued to find commercial properties using direct to owner marketing tactics. Mailing letters and using Listsource, he personalized his marketing campaign and landed an off-market 10 unit.
-Worst investment: 42 unit lease option deal. He made the mistake of not properly vetting his PM and maintenance guy and fired them a month after closing. He quickly learned to trust the process and test his people prior to starting a relationship.
-After that experience, he found and compiled a list of 20 questions to properly vet his potential property managers.
-Watch out for the management hidden fees!
- What is the number one thing you need as a new investor to get started? Books, learn everything you can.
- What is one nugget of investing knowledge you want to give us? Watch the expenses. Expenses will make or break your property.
- What is your dream? To be able to control his time. Work when I want, where I want.