How to Build Real Estate Wealth With No Money

I love solving big real estate problems. Dave Bader is a resourceful, results driven, visionary real estate investor and educator,

known for building a multi-million dollar real estate business from the ground up.

Through his work, he teaches aspiring investors how to identify high-value multi-family win-win opportunities and build lasting wealth through smart real estate investing.

“Everything's changing, you have to learn to adapt, listen to the market and feed it what it needs.”

When people in the area at a house, they don't realize it's got bills, they got to pay taxes, be greedy when others are fearful and fearful when others are greedy. So like everything I look at is an investment. Wow, how do you think the future looks like 10, 20 years from now? It's not over, I'm telling how we're.

The living your legacy podcast for those who live to leave a legacy.

Welcome back to another episode of the Living Your Legacy podcast for Insight Success. I am Regretiers. This handsome gentleman that's staring at me and not the main camera is Dave Bader. Dave Bader is the founder of NC Home Solutions. Yeah, I'll see. Are you the founder of the creator, sure? Yeah, I'm the founder of creator. I mean next to my son Colin and my my daughter Maya,

that's who I named it after. We do a apartment investing and real estate investing all over. Did you ever think that real estate investing would ever get you into this chair in South Beach and Miami one day doing a professor? No, I said in my episode like my original goal was to figure out how to pick up my son Colin from school created enough time to where I could take off at three every day and pick him up. Nice. And now I'm here in beautiful South Beach talking

to you, man. That's that's the way it is, dude. Happy Wednesday. It's Wednesday. You just finished filming your episode for legacy makers. Sir, what what we learn about you in your episode? Well, what I try to portray is, you know, just what we do uniquely in real estate investing, I try to simplify everything down. I want people to be confident in an apartment investing is mainly what I do. So I want to, you know, teach you guys like you to make an offer in five minutes.

Or no, if it's a good apartment deal with them five minutes. We go over that. And, you know, you also got to have the right mindset to believe it. So you got to believe in yourself and you know, we just go over with what worked for me. What did work for you was it's aimlessly staring in the mirror and pumping yourself up going, you could do it. What how does one get into real estate? Is it anything about homes? Something tells me, has nothing to do with homes?

Yeah. Kind of. I mean, I was lucky enough or unlucky enough. I worked in like construction most of my life. So I was framing a lot of houses and we did remodeling and stuff like that for like 20 years of my life. But how I got good at real estate. And I have wholesale the lot of houses.

“But I just, I mean, I started when I was broke. And then I knew that was the best way to start”

after I learned that from a lot of other people. So like, if you can make money in real estate with no money, you know, that's kind of the best foundation you can have as an investor. Oh, for sure.

Yeah. Yeah. Yeah. So how did that first day hour one minute one? What was it like for you?

Having that first potential quite walk through the door. Did you stumble? Did you miss pronounced their name? Did you even know you were selling a house? What what happened in your first day? Well, I'm an investor. So I'm not a realtor. Copy. And in it, it was like a first year and a half of getting my ass kicked. Yeah. If you don't mind me swear it on here, but like, I mean, it was I started in like 2012. And we had these little, you know, you little yellow

band at science, I called them. Where I was told by a smart real estate guru like Dean Grasios me taught me a lot of stuff who's working with Tony Robbins. Now he taught me the mindset and the guy named Matt Larsen taught me a bunch of stuff. I really say two back then, but you put this stupid little, you know, we buy houses sign in the ground and they're like, brown upon now,

“but that's how I didn't have any money so they cost like $2 a sign. So put that on the credit card”

and people started calling me. You know, so I had to stumble my way through in this old lady. She just kept calling me. It's like, Dave, I believe in you. I want you to buy my house and it was like a piece of junk house. Yeah. And so I'm like, okay, you know, I'll try to figure it out. You know, I'm so nervous. I don't know what I'm doing. Like, I just heard stuff from some guys on the internet. Like, it doesn't really work. Like, she just kept calling me and like forced me kind of into it.

neighborhood, but I stumbled my way through it. And, you know, it's a house for like $18,000. So I figured out a way to find a guy that wanted to buy it for like $25. So that's capitalism. Great margins. Did you put any effort into it? Like, okay, so you've got a property.

You've got your first shit hole part of my French, but you've got to begin. I bought and

sold it before closing. Like I was able. There's paperwork. You can do it. It's calling us I'm in a contract back then. They keep changing the rules and the laws now. They come out with a different library. You're about it. But back then, I mean, it was just literally like putting those making those handwritten signs, putting them in a yard that I convinced somebody to let me put them in the yard. And then, you know, bring the people together. You know, she didn't know anybody who wanted

to buy her home. She's calling me begging and she inherited the place. And when people in her to house, they don't realize it's got bills. They've got to pay taxes. Even if it doesn't have a loan, they've got to pay taxes. They've got to maintain it. Or the city comes after them. So there's real bills. She's going broke. You know, she didn't have a bunch of money. So, you know, you're helping

her out. And some other guy had a construction crew that needed some work. And so, you know,

we just put them together. Yep. Yep. It's so funny. You're kind of literally speaking to the choir. I also own my house and I inherited like, oh, property taxes. Oh, that's a thing. And it's like, I've been doing really well for like, and then 2023 hits and many changes. And then my, okay. So things change. It's like, all right. Exactly. That's now like everybody wants to buy a house. Like, yeah. Well, the last, you know, 2020 to 2020 for God Real Howard. Everybody's wanting to buy a house.

You know, if I would have that same scenario in 2021, everybody would say, oh, you rip some old lady off. Yeah. Yeah. Yeah. And in reality, like, she's called to be begging me to buy her house. Well, and so things just just turned right on. And it's funny. You call them houses, but they're really assets or investments. You give us that mindset shift when you look at a property. You're not looking at a house. You're looking at an asset. I mean, you know, something you could put into production

and generate money for you. That will actually eventually make you buy that second or third home.

Rich, they have poor dad, Robert Kiesaki kind of got me started. So like, everything I look at is an investment. Like, I look at that, that's free. Grinnell and bar outside was a pretty good investment. You know, you're a good investment. You're going to keep me healthy. It's a good snack. And it's free. Okay. Great. But every single thing I look at is an investment. But, you know, when you can get into any sort of asset, I do a lot of apartments. Now, if I can get into that

with little to no money out of my pocket, and then I can create a high-proven margin, you know, that's, that's all I look at now when it comes investing. So what is your mission today? Are you

“speaking to folks that are a lot like you 10, 20 years ago, or are you looking for fresh blood?”

What is your north star today? It's all of it. I want to speak to the young, you know, Dave, that was afraid to even talk to that old lady on the phone. Right. Now, we're doing a lot of different apartment investing. And anytime we buy something, it's usually a little distress. So we're going to create a lot of jobs. When you do any real estate transaction whatsoever, you've got a title company, you've got a banker, you've got, and then you get construction workers

if it needs work, like it creates a lot of jobs. Oh, yeah, for sure. And right now, it's a hard time to create a lot of jobs when everybody's getting laid off. Oh, yeah, coming from gaining in tech, which we personally talked about before. We even started rolling with, yeah, there's a massive like exit as of jobs being cut off and replaced and changed. How, how is that affecting things in your end? Like, do you see just the rapid 20, 26 coming and saying things have changed? Like,

there's, there's, there's got to be a new way of doing this. It goes beyond just shoving a sign

“in a backyard. Oh, it's always changing. I mean, everything's changing. You have to learn to”

adapt. You have to listen to the market and feed it what it needs. Like, you've got to listen to the market. If the markets, you know, down here in Miami, I'm kind of watching the market because all of a sudden, like Miami Beach is one of the slowest markets in the country. Like, the days on markets are skyrocketing. The listings are skyrocketing. There's a, you know, I think it's 30s, some percent price reductions. Everything on the market's getting a price reduction. So it's

telling me, I listen to that and say, well, it's a pretty good time to buy. You know, it's just seems like shit time to buy down here. I can get stuff down here almost as cheap as I can get in Nebraska. It's very similar price. Like, not Miami Beach, but central Florida, you can get a new house to show you on a grand. Right. Yeah. For sure, you get some really great property up a kiss to me, even till it has to. Like, I lived in Austin for a hotman and people were just like,

oh, there's some beautiful properties out in Houston and all these, all the concrete jungles. Sure, but we try about a little bit more. There's some really beautiful properties that you can actually like say, wow, I've got a front yard and a backyard and my neighbor's weed on a minute or two down the street or whatever, but you actually feel like you own property land as opposed to just

“in another building or something. Well, how do you think the future looks like 10, 20 years from now?”

I have a bleak, I have a bleak forecast. I feel like all of these sky rises and all of these buildings are eventually going to shrink down to just a room with air conditioning where you can

right, you're right, you're right, you're driving down the highway. When you see all those lights,

those are actually single bedrooms of of folks locked it. Do you think that's the bleak future

“or folks really going to have the two ones, the bedrooms and go for the actual analog experience?”

I think we're going to get it all. I mean, it's the same thing. It's just a slightly different than what's going on now. I mean, you see a lot of people living in pretty tight apartments now, Japan and then people want to live in a house. I have no idea. I mean, I know AI is going to be a big thing and Elon the other day is like, yeah, it's going to be five to 10 years where you have the option to work or not. He thinks AI is going to replace everything and then we can live in a

tight little apartment, put on our little oasis mask and go to wherever we want anywhere in the world and do whatever we want virtually or we can go and hang out and real life and I don't know. I think there's probably going to be both. I guess gosh, I feel like there's a theme of for a different, completely different podcasts because God, you almost feel like you're excited about this future and a lot of folks would understand that this is happening. This is happening.

It's not just happening in real estate investment, but music and art, it's happening everywhere and folks need to get ready that their computers can compete themselves, which gives us the ability to humans can now just human. You know what I mean? We don't longer have to be here. We can just have an AI do the thing, generate and optimize and monetize these things while we sleep. So we can convert that four hour week into maybe two and a half hours now.

You know what I mean? You're going to have the option. I mean, get the option to go to the grocery

“store. You can go grow your own stuff. I think it's going to give people extra time, but I don't”

it's going to be bumpy roads getting there. Sorry, you know, but as an investor, do you kind of use that forecast, that kind of like prediction or manifestation where it's like, or I'm going to focus on properties that have, you know, I don't know, escape routes or bunkers or like, are you kind of future or video game proofing your investments? The billionaires. There's a lot

of billionaires, billion those bunkers at their houses. I mean, I try to I try to look at it all

and you just you don't know, but I just look at everything as replacement value. I think that's going to change a lot, but like if I can get into this, you know, 1990 build apartment for 50% of new build price and I'm getting this land or if I can get it a lot of stuff, I'm getting close to land value. Wow. So if you're getting something close to land value, then, then, well, if you think I got a knock it down in five years and rebuild something there, I don't know, but you're getting it, you know,

you try to check all those boxes. It's like, you know, are we close to the land value? Because I do think land's going to go up a lot in good communities. And I think there's, I think that's going on right now. Like, I think, I mean, Miami Beach is a nice spot to live. I think it's going to go up in the future.

“That's why I'm looking at investing here. I was going to say, my asset is by the airport, but they're”

building the new soccer stadium. So they're going to have a world cup literally down the street. You walk up my driveway and make a left and the right, you're at the world cup. Yeah, that's my house. Yes. So that's, and we should show right now. But I'm like, going, all right, I need my, I need my, my Jimmy, my financial advisor to today. Here's how we put your house into production, create assets, and then kind of like the house is going to do the thing. And then it's all going to be poured into it.

And if you're just going to sit and go, that's, that's, that's what you know, like freedom. And that's what we kind of strive for. Peace and freedom. Do you think like that's what you've achieved, sir? I mean, I'm closer than I ever have been in my life. You know, it's, it's peace and freedom. And if your assets are turned enough money to where, you know, you're, you're bringing in more than you need to live. Then that's the definition of financial freedom, I guess. But

I get too bored. So I'm, I'm buying and selling a lot of stuff. I just, something tells me it's time to sell right now. And in certain aspects, like a hundred unit plus apartments in Lincoln, Nebraska, for whatever reason they're really hot right now. And it's telling me to sell those. And then the markets tell me, well, take a look at Florida is, is there's 160,000 listings in Florida. That's more than twice as many in California and California is almost twice the population.

So the market be whatever Warren Buffett says, you know, he's, he's an ohm, all right, by us, be greedy when others are fearful and fearful when others are greedy. Cool. So what's next for you?

Not you walk out that door. What what happens next? Oh, I never know what's going to happen next.

I'm just going to keep listening to the market, keep hanging out with my kids. I have to keep progressing. If, if I don't keep doing, you know, bigger deals and more of them, I'll get depressed. Like, like, if we're not progressing every year, then I think I'll fall into depression. So I mean, I want to make more money and do less work every year. I want to, you know, spend more time the way I want to spend it and and make more money every year. So it's just how can I do that?

problems as smaller deal. I love it. I love how you equate this. How can folks find you learn more about

“you after they're done listening to this in watching this podcast in your episode? Well, you know,”

you got to come to a Husker game and Lincoln Nebraska. I mean, you could look me up on Facebook or Instagram. I'm not out there a lot linked in. I guess I have a profile. I'm more into doing stuff than talking about doing stuff. I don't love all these things, but like certain, they're still

me to do it. I use this underwriting technique that allows me to tell you yes or no in a couple

minutes. And I don't have to look at all these financials that everybody else looks at. But I have

“my construction knowledge and in over a decade and real estate, it just kind of I put it all together”

and simplify it and keep looking at deals and probably switch asset classes and are you mentoring circles? I feel like I'm going to email you after this and go, hey, I do it all the time. I do it all the time and my doing the right thing here sir. You know, I'm in this boardroom mastermind, which is all real estate investors. And you know, I'm known as the apartment guy. I just, I'm good at, you know, low risk high profit deals. And I'm also in this mess from my an over in Dubai. That's, that's really

“cool. Colin was speaking on a stage up there. They got him on stage last year. Colin, you're calling 15”

a second on the stage of the bike. Get out of here. Yeah, it's awesome. I had to get a picture of

myself to prove it. But now he has a tendency people just kind of like him when he's around. I don't know what it is. Right on, that's Dubai's, I am looking at an investment over in Dubai. It's been a lot of cities in America, but Dubai is so busy. There's no taxes. I mean, that's got a lot going for it. If you closing comments and you think you want to talk about, I almost feel like there's a great segue about legacy here. But I feel like it's so low hanging fruit that I'm not even

going to ask it. But I just kind of subconsciously did. So do you want to talk about, you know, being a legacy maker? I mean, you just leave it better than you found it. You know, every single day, it's a little habits. You know, if you see a piece of trash on the ground, pick it up and throw away. It's not going to kill you. Like, just, you know, give somebody a compliment, man. Like, those cool, thank you. So are sick. I was going to say, that's a black flag shirt. It almost look like a

black flag shirt. Great shirt. Got the moon and brass. Good. Yeah, okay, right on. Cool, cool. All right, man. Well, thank you so much for your time and energy, my friend. And yeah, one more time. What's a website? What's a good place to find you? Easiest place I suppose be linked in in Facebook. It's just look up my name. I don't do much. I run a real small team. We just, we do big deals and get outside investors when we need them, but we're really going to bank financing. So if you have a real estate

problem, I love solving big real estate problems. I may have a problem for you. All right, David Bader from MC Home Solutions LLC. Rock and roll, my friend. And I am Ray Gutierrez with Inside Success.