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7 Hard Truths About ‘No Money Down’ Real Estate Deals
Manage episode 483917471 series 3536562
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Colin and Josh finally spill the beans on their latest mobile home park deal — a $3.6 million portfolio they locked down with (almost) no money out of pocket. But here’s the catch: they actually did bring a few grand to the table… so is "no money down" just a sexy lie to sell you a course?
This episode dives into what “no money out of pocket” really means, how their investor got 5% equity, and the beautiful mess of coordinating signatures with trusts, partners, and a very tired Josh who went to bed at 7:30 PM. Oh, and if you're a high-income earner looking to offset taxes — the boys talk depreciation and short-term rental loopholes too. Grab a wine (hopefully worth $460 like Colin’s), and enjoy the banter.
🔑 Key Topics :
💸 No Money Down... Or Is It?
How they bought a $3.6M deal with $3K out of pocket — and why that’s not exactly “free real estate.”
👨⚕️ Locums Life & Sleep Goals
Josh’s 11-hour coma, energy drinks, and travel anesthesia grind.
🥳 Fiesta Neighbors & $500 Wine
Colin's neighbors throw better parties than most weddings. Perks: loud music, cupcakes, and luxury wine.
✍️ The Signature Struggle
Why getting everyone to sign a deal is harder than herding caffeinated cats.
🏡 Short-Term Rentals & Tax Loopholes
Why short-term rentals might be the move for high-income W2 folks (and how depreciation works, simplified).
💰 Bonus Depreciation Breakdown
The legal trick that lets you pay no taxes (for now), and how it’s phasing out fast.
🏦 Investor Equity Math
$75K = 5% equity. The logic, fairness, and long-term strategy behind the split.
🙃 The Least Sleazy Community Ever™
A future IRN real estate community that’s honest, helpful, and definitely not trying to upsell you.
⏱️ Timestamps:
00:00 – “We lied to you last week” 😅
01:10 – Josh's 7:30 PM bedtime & locum life fatigue
03:40 – Colin’s neighbors throw a fiesta (ft. bounce house + $500 wine)
06:15 – The real deal: $3.6M portfolio with $3K out of pocket
08:40 – Why 5% equity to an investor made sense
11:10 – The signature circus: how too many cooks slow the deal
13:30 – What “no money down” really means (and doesn’t mean)
16:05 – Bonus depreciation 101: how it works, why it matters
19:45 – The short-term rental tax loophole: is it for you?
24:00 – Material participation explained in normal human words
27:20 – “We’re not tax pros, but here’s what worked for us”
30:10 – Why most real estate communities feel… kinda sleazy
32:25 – Colin’s dream: “The Least Sleazy Community Ever™”
33:20 – Brandon’s surprise podcast appearance + birthday shoutout
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