Quote · BiggerPockets Real Estate Podcast
I Bought 15 Rental Units While Making $15/Hour Putting Up Fences
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Finding a Mentor: Hank Ballinger and the $500 Six-Week Course
At 19:25 · chapter starts 17:14
After his duplex experience, Britton found himself motivated but stalled — he wanted to buy again but lacked both money and direction. His solution was organic networking: he asked his mother, a bank vice president, whether she knew anyone who owned a lot of apartments. She connected him to Hank Ballinger, a local landlord with over 800 units, who ran a one-on-one mentorship for $500 over six weeks. Hank's curriculum covered deal analysis, the 1% rule, distinguishing cheap properties from good properties (the duplex was cheap, not good), and the non-negotiable basics Britton had skipped on deal one — inspections, property walkthroughs. Henry Washington uses this moment to coach listeners: you probably have someone in your network who can make this kind of introduction; the goal is to keep asking until you find them. [1] — Britton Eads "$500 mentor class, 6 weeks, 800-door landlord: Britton paid $500 for a six-week one-on-one mentorship with Hank Ballinger, a landlord with …" 18:00
Britton asked his mom — a bank vice president — if she knew any big landlords. She introduced him to Hank Ballinger, who owned 800+ apartments. For $500 and six weeks of one-on-one sessions, Britton learned the 1% rule, proper due diligence, and how to find properties that both cash flow and appreciate.
Britton paid $500 for a six-week one-on-one mentorship with Hank Ballinger, a landlord with over 800 apartments, who taught him deal analysis, the 1% rule, and the importance of inspections.
Britton negotiated to buy two triplexes and a small cottage together for $265,000, with current rents of $3,200/month and renovation potential to $6,000/month.
