126. REAL DEAL: The Power of Your First Duplex

Welcome back to the Real Estate Investing School Podcast! Today, we're thrilled to feature another investor local to Maui, Tony Franks. Introducing our special guest, Tony "Duplex" Franks, a shining example of a lifestyle investor. Using his earnings as a software engineer, Tony strategically reshaped his financial landscape by delving into real estate, attaining the sought-after status of financial freedom. Currently residing in Maui, Tony has seamlessly transitioned into a full-time volunteer role, dedicating himself to aiding those deeply affected by the Lahaina fires. Tony's venture into real estate began in 2021, amidst a market that reached unprecedented heights. Undaunted by the challenging conditions, he persevered through multiple property offers, ultimately securing a duplex despite the fiercely competitive landscape. Making a bold move, Tony proposed an offer that was $5,000 above the asking price, accompanied by a $50,000 escalator, showcasing his unwavering determination. The escalator came into play as there was another offer matching the $50,000 above asking price. Thanks to a personal connection with the seller, they ultimately accepted his offer, although not his highest bid—Tony's original offer of $5,000 above the initial asking price. Tony's tale of triumph stands as an inspiration for navigating the intricacies of the real estate market and seizing opportunities even in the face of adversity. Join us to discover more about Tony's distinctive approach and his steadfast dedication to the world of duplex investing. Having a hard time finding deals in today's market? If so, book a free strategy call with us in the link below to see how we can help you!   Book a free real estate investing strategy call! No experience necessary. Check out the Real Estate Investing School Youtube Real Estate Investing School Instagram Brody's Instagram Joe's Instagram Tony's Instagram