From 1 House to 800 Units w/ Doug Pederson

Please welcome Twin City Properties CEO, Doug Pederson! Doug talks through his history in the game of real estate, from his first purchase at $11,500 to now owning over 800 units! We hope you enjoy the episode and urge you to check out Doug and his team at https://www.twincityproperties.com/

 

Books: Rich Dad Poor Dad by Robert Kiyosaki, The One Thing by Gary Keller

 

Timestamps & Show Notes:

(0:00 - 3:54) Intro of Doug Pederson

(3:55 - 9:03) Where you should start (TODAY)

(9:04 - 10:45) How Much Dog is in You?

(10:46 - 16:00) What Do You Live By? 

(16:01 - 20:12) 3 Wishes to Tell Younger Self

(20:13 - 23:20) COVID Effects

(23:21 - 25:06) Going Against the Grain

(25:07 - 31:38) Buying Your First Property

(31:39 - 38:47) Investments Present Day

(38:48 - 40:12) Tax Breakdown

(40:13 - 43:05) Giving Back

(43:06 - 47:44) Best Returns Present Day

(47:45 - 50:55) Books & Find Your Tribe

(50:56 - 53:32) Twin City Properties Philosophy

(53:33 - 57:26) Closing & Quotes

 

Doug started a construction company in 1981 upon graduation because job interviewing was such a horrible experience. Doug wasn’t making any money with construction and soon knew it wasn’t going to go anywhere. Doug bought first “fixer upper” in 1989 and the rest, as they say, is history. Today Doug owns 650 rental units, having just sold about 200 units in two years, I have 16 employees, including a president and a CFO and I’m still buying property.

As a side note on investing, three years ago or so Doug began “investing” in cars and has 11 to date and this year I began investing in civil war guns, mostly pistols. Doug just purchased a rare 2005 Ford GT three weeks ago that’s midnight blue metallic with a white stripe. Doug’s plan is to never retire and continue to invest, travel with my wife, buy cars and civil war firearms forever.